Bain Capital Ventures

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Jeff Glass leaving Skyhook; Jim Crowley to be CEO
Jeff Glass (left) and Jim Crowley (right)
Boston tech veteran Jeff Glass is stepping down from his role as chief executive at wireless positioning innovator Skyhook Wireless. He will stay on as a member of the company's advisory board. In a company blog post, Skyhook also announced that Jim Crowley, who has been the president of Skyhook under Glass's tenure, will be stepping into the role of chief executive officer. Read More
Outside Influence
Boston’s top VC dealmakers in Q2
(Shutterstock)

This week Charles River Ventures, now known as CRV, announced that its new fund would make Silicon Valley the priority, formalizing a shift westward that has been going on for a few years now.

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VC upswing continues

More evidence that fundraising for venture capital firms is on the rebound: Boston-based Bain Capital Ventures has disclosed in regulatory filings it has closed on $850 million in new funds, two-and-a-half years after raising a $600 million fund (which had been its largest fund yet at the time). The main fund totals $650 million, taking the title of Bain Capital Ventures' biggest fund to date, while a separate “coinvestment fund” comes in at $200 million, according to the filings with the US Securities and Exchange Commission.

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