Atlas Venture

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After four years at Atlas Venture in Boston, Fred Destin will return to the UK and work alongside former Atlas executive Sonali de Rijcker

Advent Venture Partners and Atlas Venture are among the investors in the latest funding round for Dailymotion, the world’s second largest video sharing site.

The firm, led by former AlpInvest life sciences specialist Otello Stampacchia, has agreed to acquire six ‘tail-end’ portfolio investments from Atlas Venture in a secondary transaction.

Atlas Venture, the international early-stage venture capital investor, has announced that Jeff Fagnan will join its Waltham, Massachusetts office as a partner in August.

Phoenix continues Covenant expansion; Three exits for 3i; First deal for Albany’s third fund; Atlas Venture leads Arteris first round; Bridgepoint backs Hydrex buy-and-build.

Atlas Venture is the latest venture capital entity to feel the pinch in the early stage sector, cutting its sixth fund by 38 per cent back to $600m and closing two of its US offices.

The international technology investor is to reduce the size of its latest fund by 12 per cent due to slow deal flow in the sector.

GPs are having to find new ways to retain younger talent — from providing them with senior mentors, to loaning them money so they can invest in the funds they manage.

European venture has disappointed investors for a decade. But many believe the prospects for this segment of the market have never been better – and funding is starting to concentrate around a few managers who seem to have the models to take advantage. Accel Partners’ European arm, which has just closed a $475m fund, is emerging as one of the best of its breed – and in Sonali De Rycker, it boasts a partner described in some quarters as ‘the best VC in Europe’. James Taylor went to meet her, to ask why LPs should believe that this time will be different...

Any doubts about the short-term future of the private equity industry have failed to dent the confidence of US firms, which are planning for aggressive expansion.

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The Boston- and London-based venture firm has closed its eighth fund on $283m, well below its target of $400m.

The UK-based fabless semiconductor company has now raised roughly $200m from firms including Balderton, Accel, Amadeus and 3i.

In recent years, venture capital firms have been investing in alternative energy companies in a big way, in part because long-established technologies are finally yielding profits. David Rapp spoke with three US venture capitalists, all experts in the energy technology investment field, to find out where they are allocating capital in this fast-evolving sector.

Columbia Capital, M/C Venture Partners, Oak Investment Partners, Battery Ventures and Centennial Ventures have committed $225 million in Series A funding for Zayo Bandwidth, a fiber-based network operator.