The firm, headquartered in Boston, was founded in 2005 and has a veteran team of industry entrepreneurs, operators, and investors who apply real-world experience, deep industry knowledge, and networks, and strong company-building skills to create value for their entrepreneurs and investing partners. They typically lead the first institutional investment in early-stage and de novo investments in market-changing IT Security and Infrastructure, Technology-Enabled Business Services, and Next-Generation Software companies. The firm prefers to invest in seed-stage, early-stage, and later-stage companies in information technology, healthcare, business products, and business services sectors.