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.406 Ventures

US venture capital firm managing multiple institutional investment funds.

Available information varies by company and source.

Profile record updated:

Company facts

Official name
.406 Ventures
Entity type
COMPANY
Founded
2005
Headquarters
Independence Wharf, 470 Atlantic Avenue, 12th Floor, Boston, MA 02210
Company size
10–49
Market role
Private Equity, VC & Investor
Official website
406ventures.com

What .406 Ventures does

The firm operates a venture capital model: it raises closed-end investment funds from limited partners, invests that capital into private companies, supports portfolio development over time, and seeks returns through exits and portfolio appreciation. Value is created through sourcing deals, selecting companies, helping them scale, and recycling fundraising momentum into subsequent funds.

Category differentiation

.406 Ventures is a venture capital firm, not an adtech, martech or software operating company. It should be classified as an investor managing funds rather than as a portfolio company or agency.

Strategic context

AI-supported assessment from the existing company research; distinguish interpretation from sourced facts.

.406 Ventures is a private venture capital firm based in the United States. It operates as an active investment manager that raises committed capital from limited partners and deploys that capital through successive core funds. The business makes money primarily through fund management fees and performance-based carried interest on investment gains. Its direct customers are institutional and high-net-worth limited partners allocating capital to venture funds, while its portfolio companies are the recipients of investment capital and strategic support rather than the primary paying customers.

Company news briefing

Briefing updated:

.406 Ventures has bolstered its AI security and healthcare portfolios, participating in a $30 million Series C for InStride to scale specialised mental health programmes. The firm also backed Mindgard’s $30 million Series A, which identifies high-impact vulnerabilities in major AI applications. These developments, alongside previous investments in AI infrastructure startup Relai Inc. and ongoing healthcare expansions on the East Coast, reinforce the firm’s commitment to categorising and scaling resilient enterprise technology and clinical platforms.

Business model & monetisation

The core monetisation model is fund management: recurring management fees charged on committed or managed capital, plus carried interest tied to investment performance and realised exits. Revenue therefore depends on assets raised, fund tenure, and eventual capital gains from successful portfolio outcomes rather than software subscriptions or transactional usage fees.

Fund management fees
Service Fee
Carried interest on investment gains
Performance-based fund economics
Other fund-related income
Administrative and ancillary fees

Products & capabilities

No products with linked sources are available in this view.

Recent recorded signals

Dates refer to the source publication. Older entries are historical context, not evidence of a new event.

No sufficiently sourced and dated signals are available for this view.

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Questions about .406 Ventures

What is .406 Ventures?

.406 Ventures is a private US venture capital firm that raises and manages investment funds for limited partners.

Who uses .406 Ventures?

Its direct customers are limited partners such as institutional investors and high-net-worth capital allocators, while portfolio companies receive investment and support.

How does .406 Ventures make money?

It primarily earns management fees on committed capital and carried interest from successful investment outcomes.

Sources & coverage

This profile uses public, official and technically observable information. Missing information does not prove that a product or relationship does not exist. The list below does not imply that every profile statement has been verified.

11 publicly documented primary sources and citations linked across the market graph.

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