IDG Ventures Changes Name, Raises $280 Million for New Fund - Boston, MA

IDG Ventures Atlantic, a Boston-based venture capital firm founded in 2001, announced on Monday that it has changed its name to Flybridge Capital Partners and raised $280 million for a new fund to invest in early-stage businesses. The new Flybridge fund will focus on consumer, healthcare and information technology companies, the firm said. The closing of this fund, the firm's third, brings its total capital under management to $560 million.

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