.406 Ventures Raises $167 Million for First Fund - Boston, MA

.406 Ventures, a Boston-based venture capital firm that focuses on early-stage technology businesses, has raised $167 million for its first investment fund, PE Week Wire reported. The committed capital includes $10 million from Rhode Island's General State Investment Commission. .406 plans to typically be the lead, first institutional investor and to focus on the IT security and infrastructure, technology-enabled business services, and next-generation software companies.

http://www.406ventures.com/