Participated · Equity · Jul 2023

Attn: Grace sells incontinence care products that replace petroleum with renewable, plant-based materials and are made without fragrance, dyes, chlorine, BPA, latex, VOCs, phthalates and parabens. The company is a Certified B Corporation founded by Mia Abbruzzese and Alexandra Fennell. It recently launched in nearly 1,600 Walmart Supercenters nationwide and on Walmart.com and Target.com. Attn: Grace emphasizes reduced pollution and minimized environmental impact through its manufacturing and materials choices. The company intends to use new funding to further expand its distribution network and reach a wider audience of women seeking skin-safe, more eco-friendly incontinence care. The article does not disclose additional operating metrics or revenue figures. Attn:Grace sells pads, briefs, liners and wipes aimed at women experiencing bladder leakage, with products available as standalone SKUs and through a subscription delivery service. The brand emphasizes more elegant packaging and a consumer-facing DTC approach to reduce stigma and make products easier for older users and caregivers to obtain. Products are formulated without parabens, latex or synthetic fragrances, and the company says top sheets and back sheets are made from natural fibers derived from sugarcane waste; packaging uses wood fibers from FSC‑certified forests. The company was founded by Mia Abbruzzese and Alex Fennell; Abbruzzese previously built and sold a kids’ shoe brand, Morgan & Milo. The two founders are currently the only full‑time employees but have built a network of consultants, including designer Adam Larson. Attn:Grace faces competition from large incumbents like Kimberly‑Clark but plans to build community, leverage social channels and target caregivers as part of its growth strategy.

Participated · Equity · Sep 2015

Onshape provides cloud-based, browser-accessible 3D CAD software that also runs on smartphones and tablets. Its product is positioned as more affordable than most CAD packages, with professional users paying $100 per month for unlimited storage and usage. The company offers a free tier for public data or limited private data and an enterprise tier priced on request that adds administrative controls and richer analytics. Onshape has about 80 employees and has operated in beta; tens of thousands of people have tried the system and thousands use it actively, though the company declined to disclose exact paid-user counts. The firm targets an estimated $9 billion CAD market and expects that market to grow as easier tools broaden CAD adoption. Onshape has raised $144 million in total capital to date. Onshape is a browser-based CAD platform that combines device-side processing with cloud infrastructure to render and edit complex designs in real time across desktops and mobile devices. Its hybrid approach synchronizes local device computation with cloud rendering so users experience near-zero lag when changing geometry. The product supports touch editing on smartphones, real-time collaboration features (including viewport-following) and GitHub-like branching and merging of models. Onshape launched a public beta and offers a Free Subscription Plan alongside a Professional Subscription Plan. The company has about 1,000 users testing the platform and has grown to more than fifty employees at its Northwest Cambridge headquarters. The team plans to add a drafts mode in the next few months and has previously raised capital to support product development.

Participated · Series B · Jun 2015

BitSight assesses the likelihood that an organization will be breached and sells cybersecurity ratings and risk-assessment data. Its core product provides security ratings used by government agencies, insurers, asset managers and other customers to benchmark cyber risk. The company plans to use the $250 million investment from Moody’s to build a cybersecurity risk platform and expand integration of its data across risk products. BitSight also acquired VisibleRisk to add cyber risk quantification capabilities and will create a risk solutions division led by VisibleRisk co-founder Derek Vadala. The investment values BitSight at $2.4 billion and makes Moody’s the largest shareholder; BitSight had previously raised $155 million in outside funding, including a $60 million Series D led by Warburg Pincus. Founded in 2011, BitSight has just shy of 500 employees and more than 2,300 global customers. BitSight provides continuous external security ratings that quantify an organization’s cybersecurity posture on a 250–900 scale. Its platform tracks the changing risk posture of roughly 1,200 organizations and maps about 100,000 third-party services and operations in its risk ecosystem. Customers include seven of the top 10 cyber insurers, 20% of Fortune 500 companies, and three of the top five investment banks; insurers use the ratings for underwriting and monitoring, and companies use them for vendor due diligence and M&A. BitSight plans to use the new funding to expand its risk-management solutions, particularly analytics, and to drive business development. The company says its approach is similar to credit ratings, combining external data, user behavior and public disclosures to generate scores that help prioritize remediation. Competition includes Security Scorecard, RiskRecon and FICO. Following this round, BitSight has raised a total of $155 million and is valued at around $600 million based on the CEO's remark comparing to its Series A. BitSight is a Cambridge, Mass.-based provider of a security ratings platform that generates objective, outside-in ratings on companies' security performance. Led by CEO Shaun McConnon, the platform applies algorithms to evidence of security outcomes from networks around the world to produce daily ratings from 250 to 900, where higher ratings indicate lower risk. BitSight provides Security Ratings to more than 450 companies, including Lowe's, Ferrari, Hess, Mondelez and The Hartford. The company closed a $40M Series C financing to support its growth plans. BitSight intends to use the funds to accelerate global expansion and product innovation. GGV Capital led the round and will have Glenn Solomon join BitSight's board of directors. BitSight Technologies provides a security rating platform that continuously analyzes vast amounts of external data on security behaviors to allow organizations to manage third-party risk, benchmark performance, and assess cyber insurance premiums. Observed security events and configurations, such as communication with a botnet, malware distribution, and email server configuration, are assessed for severity, frequency and duration and used to generate objective Security Ratings. BitSight's ratings are used by global enterprises to continuously monitor vendor risk, report security performance to boards, and support underwriting decisions for cyber insurance. The company is led by CEO Shaun McConnon. BitSight closed a $23M Series B, bringing total funding to $49M to date. The company intends to use the funds to extend sales and marketing into Europe and APAC, expand engineering and data science teams to accelerate new data analytics products, and to fund potential acquisitions of key data source partners. BitSight Technologies is a Cambridge, MA–based provider of big-data analytics for risk management that collects and analyzes vast amounts of data on security behaviors, processes and technology to identify and quantify security risk. The platform supplies organizations with information needed to address security concerns. Founded in 2011 and led by CEO Shaun McConnon, BitSight plans to use newly raised capital to expand product development, hire sales and marketing personnel, and launch its first product. The company closed a $24M Series A financing to fund these initiatives. In conjunction with the financing, Globespan Capital Partners’ Dave Fachetti and Menlo Ventures’ Venky Ganesan joined Flybridge Capital Partners’ David Aronoff, CEO Shaun McConnon and co‑founders Stephen Boyer and Nagarjuna Venna on the board. BitSight intends to leverage the investment to accelerate its go‑to‑market efforts and bring its initial offering to market.

Participated · Series D · Jun 2014

Invaluable operates the world’s largest online live auction marketplace, providing a live online bidding platform and developer-grade SaaS and e-commerce applications for the auction industry. The company offers auctioneers marketing and e-commerce solutions across Invaluable and AuctionZip, as well as RFC Systems auction management software. Its historical price database contains more than 58 million complete auction results totaling over $204 billion in value. Founded in 1989 in Boston, with offices in Pennsylvania and the United Kingdom, Invaluable facilitates real-time bidding in premier auctions around the world. The company reported a record year in 2013, with a 98 percent increase in gross merchandise sales. Invaluable plans to use new capital to further technology innovation, expand its team, and pursue strategic partnerships and acquisitions to scale the live auction industry.

Participated · Equity · May 2013

Acacia Communications provides intelligent transceivers for ultra-high-speed fiber optic transmission to the telecommunications infrastructure industry. The company designs, manufactures and sells optical transponder technology and advanced solutions for coherent 100G, 200G, 400G and beyond transceivers, aimed at reducing development costs, increasing performance and accelerating time to market. Acacia works in collaboration with customers and suppliers to deliver its optical transport and network infrastructure equipment. Founded by Mehrdad Givehchi, Benny Mikkelsen and Christian Rasmussen and led by President and CEO Raj Shanmugaraj, the company is based in Maynard, Massachusetts and also has an office in Hazlet, New Jersey. On May 15, 2013, Acacia raised $20M in funding led by Summit Partners with participation from Matrix Partners, Commonwealth Capital Ventures and Egan Managed Capital. The company intends to use the proceeds to expand into multiple markets and to develop and/or acquire core technologies.