VC Firm Accomplice Reportedly Raises Last Fund

Boston-based venture capital firm Accomplice has raised $405 million for its final fund, Axios reported Wednesday.

Accomplice used to be part of Atlas Ventures, before the tech and life sciences investing groups split up, with Atlas Ventures focused on life sciences and Accomplice focused on tech.

The firm raised its first fund in 2015, around the time it rebranded as Accomplice, with a $200 million Fund I. It last raised $205 million for a second fund back in 2018, according to Crunchbase.

Some of Accomplice’s recent investments include AngelList, Flume Health and Electives, per Crunchbase records. According to our database, some of the firm’s most notable exits include Datadog, Snap and DraftKings.

This year, the firm announced about a dozen investments so far, most recently in child care startup NeighborSchools, which was announced on Tuesday.

As Axios noted in its piece, while VC firms sometimes do shut down, it’s notable that Accomplice is asking its LPs to commit to a final fund.

Illustration: Li-Anne Dias

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