.406 Ventures

.406 Ventures, LLC is a Boston-based venture capital firm founded in 2005 that specializes in early-stage investments, primarily focusing on enterprise IT companies. The firm targets sectors such as information technology security, cyber security, digital health, cloud technology, and financial technology, among others. .406 Ventures typically invests between $2 million and $5 million initially, with total investments ranging from $6 million to $10 million per company. It seeks to be the lead institutional investor and often acquires significant stakes, ranging from 20% to 80%, in its portfolio companies. The firm emphasizes its involvement in technology-enabled business services and next-generation software, particularly those employing innovative delivery models. With a strong emphasis on building value through industry expertise and networks, .406 Ventures also reserves capital for opportunistic investments in more mature companies where technology shifts present growth opportunities.

Graham Brooks

Partner

Maria Cirino

Co-Founder and Managing Partner

Payal Agrawal Divakaran

Partner

Liam Donohue

Co-Founder and Managing Partner

Greg Dracon

Partner

Gregory Dracon

Partner

Austin Kwoun

Analyst

Eliza Loring

Associate

Eliza McGinn

Associate

So-June Min

Managing Director of Operations

Kathryn Taylor Reddy

Principal

Rebecca Redfield

Associate

Past deals in Hospital

Nomad Health

Venture Round in 2022
Nomad Health, Inc. operates an online marketplace that connects healthcare professionals with freelance and permanent job opportunities in the United States. Founded in 2015 and based in New York, the platform allows doctors and nurses to search for positions by various criteria, including location and pay rate. By streamlining the healthcare staffing process, Nomad Health aims to simplify job searches for medical professionals and facilitate the hiring needs of healthcare facilities. This modern technology platform addresses the complexities of traditional healthcare staffing, promoting efficiency and accessibility in the job market.

Nomad Health

Series D in 2021
Nomad Health, Inc. operates an online marketplace that connects healthcare professionals with freelance and permanent job opportunities in the United States. Founded in 2015 and based in New York, the platform allows doctors and nurses to search for positions by various criteria, including location and pay rate. By streamlining the healthcare staffing process, Nomad Health aims to simplify job searches for medical professionals and facilitate the hiring needs of healthcare facilities. This modern technology platform addresses the complexities of traditional healthcare staffing, promoting efficiency and accessibility in the job market.

Iora Health

Series F in 2020
Iora Health, Inc. is a healthcare provider based in Boston, Massachusetts, specializing in primary care services across the United States. Founded in 2010, the company is committed to overcoming the barriers typically present in the healthcare system by offering personalized care for each patient. Each individual is assigned a dedicated personal physician and health coach, who maintain regular communication through various channels, including email, text, and video, in addition to in-person consultations. Iora Health employs a team-based approach that includes a doctor or nurse practitioner, nurse, behavioral health specialist, and health coach, all supported by a proprietary technology platform for effective population health management. The organization also provides educational programs, such as group visits, to assist patients in achieving their health goals and managing their overall well-being.

Nomad Health

Series C in 2019
Nomad Health, Inc. operates an online marketplace that connects healthcare professionals with freelance and permanent job opportunities in the United States. Founded in 2015 and based in New York, the platform allows doctors and nurses to search for positions by various criteria, including location and pay rate. By streamlining the healthcare staffing process, Nomad Health aims to simplify job searches for medical professionals and facilitate the hiring needs of healthcare facilities. This modern technology platform addresses the complexities of traditional healthcare staffing, promoting efficiency and accessibility in the job market.

Iora Health

Series E in 2018
Iora Health, Inc. is a healthcare provider based in Boston, Massachusetts, specializing in primary care services across the United States. Founded in 2010, the company is committed to overcoming the barriers typically present in the healthcare system by offering personalized care for each patient. Each individual is assigned a dedicated personal physician and health coach, who maintain regular communication through various channels, including email, text, and video, in addition to in-person consultations. Iora Health employs a team-based approach that includes a doctor or nurse practitioner, nurse, behavioral health specialist, and health coach, all supported by a proprietary technology platform for effective population health management. The organization also provides educational programs, such as group visits, to assist patients in achieving their health goals and managing their overall well-being.

Wellist

Series A in 2018
Wellist operates an online platform that connects patients to local services in the greater Boston area. The company’s platform allows families and patients to find daily support services that range from rides and treatment to meal delivery, home cleaning, acupuncture, and more. Its platform also allows users to build and publish a registry of needed services to share with loved ones, as well as allows them to track activities and thank the loved ones for their support. Wellist was founded in 2013 and is headquartered in Boston, Massachusetts, United States.

Nomad Health

Series B in 2018
Nomad Health, Inc. operates an online marketplace that connects healthcare professionals with freelance and permanent job opportunities in the United States. Founded in 2015 and based in New York, the platform allows doctors and nurses to search for positions by various criteria, including location and pay rate. By streamlining the healthcare staffing process, Nomad Health aims to simplify job searches for medical professionals and facilitate the hiring needs of healthcare facilities. This modern technology platform addresses the complexities of traditional healthcare staffing, promoting efficiency and accessibility in the job market.

Iora Health

Series D in 2016
Iora Health, Inc. is a healthcare provider based in Boston, Massachusetts, specializing in primary care services across the United States. Founded in 2010, the company is committed to overcoming the barriers typically present in the healthcare system by offering personalized care for each patient. Each individual is assigned a dedicated personal physician and health coach, who maintain regular communication through various channels, including email, text, and video, in addition to in-person consultations. Iora Health employs a team-based approach that includes a doctor or nurse practitioner, nurse, behavioral health specialist, and health coach, all supported by a proprietary technology platform for effective population health management. The organization also provides educational programs, such as group visits, to assist patients in achieving their health goals and managing their overall well-being.

Nomad Health

Series A in 2016
Nomad Health, Inc. operates an online marketplace that connects healthcare professionals with freelance and permanent job opportunities in the United States. Founded in 2015 and based in New York, the platform allows doctors and nurses to search for positions by various criteria, including location and pay rate. By streamlining the healthcare staffing process, Nomad Health aims to simplify job searches for medical professionals and facilitate the hiring needs of healthcare facilities. This modern technology platform addresses the complexities of traditional healthcare staffing, promoting efficiency and accessibility in the job market.

Iora Health

Series C in 2015
Iora Health, Inc. is a healthcare provider based in Boston, Massachusetts, specializing in primary care services across the United States. Founded in 2010, the company is committed to overcoming the barriers typically present in the healthcare system by offering personalized care for each patient. Each individual is assigned a dedicated personal physician and health coach, who maintain regular communication through various channels, including email, text, and video, in addition to in-person consultations. Iora Health employs a team-based approach that includes a doctor or nurse practitioner, nurse, behavioral health specialist, and health coach, all supported by a proprietary technology platform for effective population health management. The organization also provides educational programs, such as group visits, to assist patients in achieving their health goals and managing their overall well-being.

Iora Health

Series B in 2013
Iora Health, Inc. is a healthcare provider based in Boston, Massachusetts, specializing in primary care services across the United States. Founded in 2010, the company is committed to overcoming the barriers typically present in the healthcare system by offering personalized care for each patient. Each individual is assigned a dedicated personal physician and health coach, who maintain regular communication through various channels, including email, text, and video, in addition to in-person consultations. Iora Health employs a team-based approach that includes a doctor or nurse practitioner, nurse, behavioral health specialist, and health coach, all supported by a proprietary technology platform for effective population health management. The organization also provides educational programs, such as group visits, to assist patients in achieving their health goals and managing their overall well-being.
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