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Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

March 8, 2006 at 1:55 PM

Fresh NW powder

Polaris Venture Partners, with offices in Seattle and Waltham, Mass., said today that it has raised a $1 billion venture capital fund to invest into technology companies.

The fund, the company’s fifth, is considered large by today’s standards after the past few years in which venture capital firms gave money back to investors as it became difficult to invest in a limited time period.

But Polaris has many interests and is not limiting itself to any specific lifecycle stage or technology. Polaris says it invests in life sciences, digital media, information technology, e-commerce, communications, energy and consumer products and services. It also invests in companies from seed stage to maturity, which includes minority growth investments, recapitalization with liquidity and leveraged buyouts.

With the closing of the fund, Polaris also announced appointments of four new general partners: Bob Geiman, Bryce Youngren, Peter Flint and Simeon Simeonov. Existing partners include Alan Spoon, David Barrett, Brian Chee (in Seattle), John Gannon, Mike Hirshland and Bob Metcalfe.

Local Polaris investments include: Archus Orthopedics, Botanical Laboratories, Cardiac Dimensions, Esurg, Free & Clear, Impinj, MessageGate, Noetix and Syncronex.

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