.V

.406 Ventures

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Company Research Report: .406 Ventures



Company Overview



  • Name: .406 Ventures

  • Mission of the Company: .406 Ventures aims to be the most helpful, honest, and responsive venture capital firm, fostering market-leading companies in their focus sectors, and providing capital alongside operational expertise.

  • Founded: Late 2005

  • Founders: Larry Begley, Maria Cirino, Liam Donohue

  • Key People:

  • Liam Donohue, Co-Founder and Managing Partner

  • Graham Brooks, Partner

  • Payal Agrawal Divakaran, Partner

  • Greg Dracon, Partner

  • Kathryn Taylor Reddy, Principal

  • Kevin Wang, Principal

  • Trip Hofer, Venture Partner

  • Rebecca Redfield, Associate

  • Austin Kwoun, Analyst

  • Joanna Skoler Gilman, Chief Marketing and Communications Officer

  • So-June Min, Managing Director of Operations

  • Joe SantaBarbara, Chief Financial Officer

  • Esther Dominguez, General Counsel

  • Kelci Horan, Office Manager and Executive Assistant

  • Headquarters: Independence Wharf, 470 Atlantic Avenue, 12th Floor, Boston, MA 02210

  • Number of Employees: .406 Ventures' portfolio companies jointly employ over 6,000 people.

  • Revenue: No information is available.

  • Recognition: Known for investing in early-stage tech companies and bringing experience, partnership, and capital efficiency to their investments.


Products and Services



Investment Focus


.406 Ventures primarily engages in venture capital activities, focusing on industry segments where they have deep expertise:
  • Cybersecurity: Investment in companies providing advanced cybersecurity solutions.

  • Healthcare: Investment in healthcare solutions, including tech-enabled primary care and behavior health solutions.

  • Data + AI: Investment in companies leveraging data and AI for innovative solutions.


Current Portfolio Highlights


Some highlighted companies backed by .406 Ventures include:
  • Veracode: A leader in application security with automated vulnerability detection.

  • Carbon Black: Provides advanced threat protection for servers and endpoints.

  • Onapsis: Identifies vulnerabilities in business-critical applications used by enterprises.

  • AbleTo: Tele-behavioral health solutions for populations.

  • CloudHealth Technologies: Optimizes cloud infrastructure management.

  • Kaltura: Leading platform for video management and monetization.


Recent Developments



Investment and Growth


  • Mindgard: Investment focused on securing AI from distinctive software security risks.

  • Indico Data: Innovation in AI deployment within the insurance sector.

  • Onapsis: Strengthened market leadership in SAP Cloud Security with new collaborations and leadership.


Achievements


  • Wayspring: Ranked 34th in Glassdoor’s Best Places to Work for 2025.

  • Trilio: Recognized as a leader in Kubernetes Data Protection by GigaOM Research.


Funding


  • Nema Health: Raised $14.5 Million Series A funding to expand its virtual PTSD treatment model.


Leadership Changes


  • Onapsis: Appointed Paul Kleinschnitz as Chief Revenue Officer to scale growth.


Conclusion



.406 Ventures exhibits a unique blend of capital investment with operational expertise. With over $1.4B raised and nearly 90 companies invested in since inception, they focus on nurturing disruptive technologies in Cybersecurity, Healthcare, and Data+AI. Through strategic partnerships and industry leadership, .406 Ventures continues to promote innovation and growth across its portfolio companies.