Flybridge Capital Partners, an early stage venture capital firm focused on investing in consumer, healthcare and information technology companies, has launched under a new name and announced the close of Flybridge Capital Partners III, a $280 million fund.
The closing of Fund III brings the firm’s total capital under management to $560 million, including the IDG Ventures Atlantic I and IDG Ventures Atlantic II funds, which it will continue to manage.
Founded in 2001 as IDG Ventures Atlantic, the firm changed its name to Flybridge Capital Partners to better reflect its position as a broadly-focused, early-stage national fund with a diverse investor base.
Michael Greeley, a general partner of Flybridge Capital Partners, said: Despite being oversubscribed, we kept the size of the fund to $280 million to be consistent with our early-stage investment strategy. We are excited to embark on this next phase of our history and look forward to continuing our mission of investing in talented entrepreneurs who are building world-class companies.