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General Information

Websiteegancapital.com
Phone617.695.2600
Employees
Founded1997

Funds

Offices

Boston, USA
30 Federal Street
Boston, MA, 02110
USA

People

Managing Partner
Managing Partner
Partner
Partner

Tags

Egan-Managed Capital

Egan-Managed Capital was formed by the Egan family with the objective of helping future entrepreneurs build significant enterprises. They seek opportunities to invest in companies where they can provide more than just capital. They look for situations where they can provide tactical and strategic assistance in areas where they have relevant knowledge.

They manage three venture capital funds - Egan-Managed Capital I, Egan-Managed Capital II, and Egan-Managed Capital III.

Egan-Managed Capital I has $42.8 million of capital and was formed in 1997. The fund made 15 investments and is fully invested or committed. These investments ranged in size from $750,000 to $5 million.

Egan-Managed Capital II has $100 million of capital and was formed in 2000. The fund has made 17 investments and is fully invested or committed. These investments ranged in size from $1 million to $6 million.

Egan-Managed Capital III has $90 million of capital and was formed in October 2003. The fund is prepared to make investments in the range of $1 million to $6 million, but their preferred initial appetite is between $2 and $3 million.

Deal structure

Their investments typically take the form of Convertible Preferred Stock with the traditional protections afforded institutional investors like them. These include Registration Rights, Voting Agreements, etc. Since providing assistance to their portfolio companies is such an important part of their investment philosophy, they nearly always require a board seat. They find that by being an active member of the Board of Directors they are in a position to share their insights and participate in the strategic direction of the Company.

Recent Milestones

Investments

Company Date Round Size Participants
uTest 1/2014Series E$43M7
Healthrageous 6/2013Series A$6M3
Acacia Communications 5/2013Series A$20M4
Verivo Software 4/2013Venture Round$4M3
AppNeta 3/2013Series C$16M4
Healthrageous 10/2012Series B$6.5M3
WordStream 7/2012Series C$6M2
Verivo Software 1/2012Venture Round$17M3
AppNeta 4/2011Venture Round$6.2M4
Currensee 4/2011Series C$4M3
enVista 12/2010Series B$4.1M3
uTest 9/2010Series C$13M3
enVista 7/2010Debt$2.5M3
WordStream 5/2010Series B$6M2
Currensee 2/2010Series B$8.8M2
OwnerIQ 12/2009Series C$5.8M5
enVista 6/2009Venture Round$2.5M3
Network Intelligence 2/2009Series C$12M5
AppNeta 2/2009Series C$12M4
uTest 12/2008Series B$5M4
OwnerIQ 6/2008Series B$6M4
enVista 3/2008Venture Round$2M3
Verivo Software 12/2007Series B$1.95M2
HighRoads 6/2007Series C$9M3
OnePIN 6/2007Series B$8M3
enVista 5/2007Series A$5M3
Whaleback Systems 9/2006Series B$7.5M3
Nexaweb Technologies 9/2006Series B$10M3
Calpurnia Corporation 1/2006Series B$8M4
HighRoads 12/2005Series B$8M4
Verivo Software 9/2005Series A$5.2M2
Nexaweb Technologies 5/2003Series A$4.3M3

Videos

Sources

  1. Utest, Now Called Applause, Secures $43M Series E Round Led By Goldman Sachs, to Roll Up App Testing Market (techcrunch.com) [edit]
  2. Healthrageous Secures $6 Million in Startup Funding to Commercialize Personalized Health Technology Solutions (prnewswire.com) [edit]
  3. Acacia Raises $20 Million for its Networking Tech (bostinno.streetwise.co) [edit]
  4. Verivo Software raises $4 million (pandodaily.com) [edit]
  5. AppNeta Raises $16 Million Investment Driven by Triple Digit Growth and APM 3.0 Strategy (appneta.com) [edit]
  6. Healthrageous gets $6.5M to enhance health app (masshightech.com) [edit]
  7. WordStream Raises $6M in Third Funding (finsmes.com) [edit]
  8. Pyxis Mobile Raises $17M, Rebrands As Verivo, Pivots To Licensable App Platform (techcrunch.com) [edit]
  9. Apparent Networks rebrands as AppNeta with $6.2M (masshightech.com) [edit]
  10. Currensee raises $4M more for social network of traders (venturebeat.com) [edit]
  11. Envista maps out $4.1M in new funding (masshightech.com) [edit]
  12. Software testing startup uTest lands $13M financing (masshightech.com) [edit]
  13. Envista -- Backed by Egan-Managed Capital, Point Judith, Borealis -- Closes $2.5M Debt Round (fwix.com) [edit]
  14. Online Marketing Software Company WordStream Raises $6 Million (techcrunch.com) [edit]
  15. Social Network For Traders Currensee Raises $8 Million (techcrunch.com) [edit]
  16. Mass High Tech (masshightech.com) [edit]
  17. Envista Corporation Receives $2,500,000 New Funding (xconomy.com) [edit]
  18. Citation Needed [add]
  19. Apparent Networks Obtains Expansion Capital Investment From Leading Venture Firms (apparentnetworks.com) [edit]
  20. uTest Raises $5 Million More For Crowdsourced Bug Testing (techcrunch.com) [edit]
  21. OwnerIQ Secures $6 Million in Series B Funding (owneriq.net) [edit]
  22. Envista's software aims to ease public planning problems (masshightech.com) [edit]
  23. EDGAR [edit]
  24. HighRoads Raises $9 Million in Series-C Financing (newsroom.highroads.com) [edit]
  25. OnePIN® Closes Series B Financing (onepin.com) [edit]
  26. Envista envisions growth following $5M funding (masshightech.com) [edit]
  27. Castile Ventures Leads Series B Financing of Whaleback Systems (whalebacksystems.com) [edit]
  28. Nexaweb (nexaweb.com) [edit]
  29. IntelliVid Announces $8.0 Million Series B Funding (flagshipventures.com) [edit]
  30. EDGAR [edit]
  31. EDGAR [edit]
  32. Business Wire (findarticles.com) [edit]
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Last Edited 1/31/14

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