Today's Globe column focuses on three new seed stage firms in the Boston area: NextView Ventures, Project 11 Ventures, and Boston Seed Capital. All three plan to invest in Internet and mobile start-ups; all three started making investments within the last year; and all three have yet to finish actually raising their first fund. NextView seems to be targeting $15 million, and Project 11 aiming for about $5 million. Boston Seed hasn't been specific about a target number yet, but I have a feeling it'll be somewhere in the middle there.
Here's a bit of bonus material...
- All three of NextView's founders left local VC firms in 2010: David Beisel split from Venrock's Cambridge office, Lee Hower took off from Point Judith Capital in Providence, and Rob Go departed Spark Capital. They told me this month that they're especially interested in mobile apps and services; software-as-a-service; and ad tech and analytics. They've made nine investments so far (some were made as individual investors, and then rolled into the NextView fund), though two are still in stealth mode. Six local entrepreneurs, including the founders of CSN Stores and Dataxu, serve as venture advisors to NextView. Beisel is best known as the founder of Web Innovators Group, the demo-fest where he still serves as the host. (Here are some fun posts from the very first Web Innovators gathering in 2005.)
To read the full, original article click on this link: Boston's three newest seed-stage funds: NextView, Project 11 and Boston Seed Capital - Innovation Economy - Boston.com
Author: Scott Kirsner
