406 Ventures Management, LLC
SEC exempt reporting adviser (venture capital exemption).
- Website
- HTTP://WWW.406VENTURES.COM
- HQ
- MA
406 Ventures Management, LLC is a venture firm that backs early-stage companies in healthcare, data and AI, and cybersecurity, focusing on industries it knows well. Its portfolio includes Vitalize, Teal Health, Abacus Insights, Absurd, Big Health, Bobsled, Mindgard, and Traversal. The team includes Liam Donohue, Co-Founder and Managing Partner, along with several partners, a venture partner, and a principal.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Seed, Series A | Series A | Series A, Growth, Series B |
| Sectors | AI infra, AI applications, Cybersecurity, Data analytics, Healthtech | Healthtech | Enterprise SaaS, Cybersecurity, Healthtech, Data analytics, Devtools |
| Regions | US | Not enough dated deals | MA, NY |
Says: what the firm's funds state. Does: from 2 dated deals in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 2007 | 6 | Cybersecurity, Enterprise SaaS |
| 2008 | 10 | Devtools, Enterprise SaaS, Cybersecurity |
| 2009 | 4 | Biotech, Climate hardware, Cybersecurity |
| 2010 | 4 | Data analytics, Enterprise SaaS, Cybersecurity |
| 2011 | 5 | Enterprise SaaS, Devtools, Media |
| 2012 | 9 | Enterprise SaaS, Cybersecurity, Data analytics |
| 2013 | 7 | Cybersecurity, Enterprise SaaS, Healthtech |
| 2014 | 12 | Enterprise SaaS, Cybersecurity, AI applications |
| 2015 | 15 | Enterprise SaaS, Data analytics, Cybersecurity |
| 2016 | 15 | Cybersecurity, Data analytics, Enterprise SaaS |
| 2017 | 10 | Data analytics, Healthtech, Cybersecurity |
| 2018 | 13 | Healthtech, Medical devices, AI applications |
| 2019 | 9 | Enterprise SaaS, Healthtech, Cybersecurity |
| 2020 | 6 | Healthtech, Data analytics, AI applications |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2010 | 0 | 0 | 0 | 0 | 3 |
| 2011 | 0 | 0 | 0 | 1 | 2 |
| 2012 | 0 | 2 | 2 | 1 | 3 |
| 2013 | 0 | 1 | 5 | 1 | 0 |
| 2014 | 0 | 1 | 6 | 2 | 3 |
| 2015 | 0 | 1 | 6 | 4 | 4 |
| 2016 | 0 | 4 | 3 | 5 | 3 |
| 2017 | 0 | 0 | 3 | 2 | 5 |
| 2018 | 0 | 2 | 5 | 2 | 3 |
| 2019 | 0 | 0 | 3 | 2 | 4 |
| 2020 | 0 | 0 | 2 | 1 | 2 |
| 2021 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 3 | 0 | 0 |
| 2026 | 0 | 0 | 1 | 0 | 1 |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| Point 406 AI, LLC 406 Ventures backs early-stage companies at the seed and Series A stages in healthcare, data and AI, and cybersecurity. It focuses on industries it knows well and partners closely with founders beyond capital. Inferred from the firm's website | 2024 | $5.48M (Form D) | Open, writing first checks |
| Point 406 Ventures V, L.P. 406 Ventures backs early-stage companies at the seed and Series A stages in healthcare, data and AI, and cybersecurity. It focuses on industries it knows well and partners closely with founders beyond capital. Inferred from the firm's website | 2022 | $244.87M to $325M (Form D) | Late investment period |
| Wrangler Too, LLC 406 Ventures backs early-stage companies at the seed and Series A stages in healthcare, data and AI, and cybersecurity. It focuses on industries it knows well and partners closely with founders beyond capital. Inferred from the firm's website | 2021 | $5.09M (Form D) | Late investment period |
| MinTCo, LLC | 2020 | $5.4M (Form D) | Follow-ons only |
| Co-napsis, LLC | 2020 | $7.55M to $7.65M (Form D and SEC adviser filing) | Follow-ons only |
03 · People across funds
- Gregory Dracon, Partner of the General Partner
Point 406 Ventures V, L.P. (Named on Form D)
- John Brooks, Partner of the General Partner
Point 406 Ventures V, L.P. (Named on Form D)
- Liam Donohue, Co-Founder and Managing Partner
Point 406 AI, LLC (Named on Form D); Point 406 Ventures V, L.P. (Named on Form D); Wrangler Too, LLC (Named on Form D); MinTCo, LLC (Named on Form D); Co-napsis, LLC (Named on Form D)
- Maria Cirino, Member of the general partner of the Manager
Wrangler Too, LLC (Named on Form D); MinTCo, LLC (Named on Form D); Co-napsis, LLC (Named on Form D)
- Payal Divakaran, Partner of the General Partner
Point 406 Ventures V, L.P. (Named on Form D)
- Graham Brooks, Partner
Point 406 AI, LLC (Team); Point 406 Ventures V, L.P. (Team); Wrangler Too, LLC (Team); MinTCo, LLC (Team); Co-napsis, LLC (Team)
- Greg Dracon, Partner
Point 406 AI, LLC (Team); Point 406 Ventures V, L.P. (Team); Wrangler Too, LLC (Team); MinTCo, LLC (Team); Co-napsis, LLC (Team)
- Kathryn Taylor Reddy, Partner
Point 406 AI, LLC (Team); Point 406 Ventures V, L.P. (Team); Wrangler Too, LLC (Team); MinTCo, LLC (Team); Co-napsis, LLC (Team)
- Kevin Wang, Principal
Point 406 AI, LLC (Team); Point 406 Ventures V, L.P. (Team); Wrangler Too, LLC (Team); MinTCo, LLC (Team); Co-napsis, LLC (Team)
- Payal Agrawal Divakaran, Partner
Point 406 AI, LLC (Team); Point 406 Ventures V, L.P. (Team); Wrangler Too, LLC (Team); MinTCo, LLC (Team); Co-napsis, LLC (Team)
- Trip Hofer, Venture Partner
Point 406 AI, LLC (Team); Point 406 Ventures V, L.P. (Team); Wrangler Too, LLC (Team); MinTCo, LLC (Team); Co-napsis, LLC (Team)
04 · Recent deals
05 · Latest from the firm
06 · Sources
- HTTP://WWW.406VENTURES.COM
- https://www.406ventures.com/contact/
- https://www.406ventures.com/people/
- https://www.406ventures.com/companies
- https://www.406ventures.com/news/vitalize-raises-31m-series-a-to-bring-air-traffic-control-to-healthcare/
- https://www.406ventures.com/our-focus/
- https://www.406ventures.com/news/406-ventures-marks-20-years-with-100th-investment-and-promotion-of-kathryn-taylor-reddy/
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026