Loading organizations...
§ Venture Capital · Menlo Park, CA, USA
Venture capital firm investing in early-stage companies, providing funding and support for technology and healthcare startups.
Advanced Technology Ventures is a venture capital firm that invests in early-stage and growth-stage emerging technology, healthcare, and cleantech companies, operating from offices in Boston, Massachusetts, and Portola Valley, California. The firm backs recognizable portfolio companies like Upwork, Tripwire, Actifio, Omada Health, and Credo Semiconductor, executing approximately 250 investments across enterprise software, biopharmaceuticals, and medical devices. Throughout its history, the firm has managed more than $1.8 billion in capital commitments across eight distinct venture capital funds, typically writing initial check sizes ranging from $5 million to $15 million. Although the firm closed its final flagship fund in 2008 and made its last known investment in 2019, it continues to manage its legacy portfolio and oversee successful corporate exits. Advanced Technology Ventures was founded in 1979 by Thaddeus Teddy Walkowicz, Ivan Sutherland, George Kokkinakis, and Robert Loewy.
Key people at Advanced Technology Ventures.
Advanced Technology Ventures (ATV) is a leading bi-coastal venture capital firm with a mission to empower visionary entrepreneurs building transformative companies at the intersection of technology, healthcare, and infrastructure. Since its founding in 1979, ATV has cultivated a reputation for deep technical diligence, hands-on board involvement, and a long-term partnership approach with founders. The firm’s investment philosophy centers on early-stage opportunities—typically Seed through Series B—where it can help shape the trajectory of companies with disruptive potential. ATV’s core sectors include information and communications technology (ICT), infrastructure, consumer technology, bio-pharmaceuticals, and medical devices. With over $1.8 billion in capital under management and a portfolio spanning hundreds of investments, ATV has played a pivotal role in shaping the startup ecosystem, supporting the growth of market leaders and driving innovation across North America.
Founded in 1979, Advanced Technology Ventures emerged during a period of rapid technological advancement and the rise of venture capital as a key engine for innovation. Headquartered in Boston, Massachusetts, with a long-standing presence in Portola Valley, California, ATV was built by a team of seasoned investors with deep roots in technology and healthcare. Over the decades, the firm has evolved from a regional player to a nationally recognized VC, adapting its focus to capture emerging trends in IT, cleantech, and life sciences. Key partners such as Bill Wiberg, Bob Hower, and Steve Baloff have guided ATV’s strategy, emphasizing technical expertise and operational support. The firm’s longevity and consistent track record—backed by notable exits and IPOs—reflect its ability to identify and nurture high-potential startups at critical inflection points.
Advanced Technology Ventures operates at the forefront of several major trends reshaping the global economy: the convergence of digital and physical technologies, the acceleration of healthcare innovation, and the growing demand for sustainable infrastructure. By focusing on early-stage companies, ATV helps bridge the gap between scientific breakthroughs and commercial success, enabling startups to scale and reach broader markets. The firm’s bi-coastal presence allows it to tap into both the East Coast’s strengths in healthcare and life sciences and the West Coast’s leadership in technology and entrepreneurship. As the pace of innovation continues to accelerate, ATV’s emphasis on technical diligence and founder support positions it as a key enabler of the next generation of market leaders.
Looking ahead, Advanced Technology Ventures is well-positioned to continue shaping the future of technology and healthcare. The firm’s ability to adapt to emerging trends—such as AI-driven healthcare, next-generation infrastructure, and consumer tech—will be critical as new opportunities arise. With a strong track record, a deep network, and a commitment to long-term value creation, ATV is likely to remain a go-to partner for ambitious founders seeking not just capital, but also strategic guidance and operational support. As the startup ecosystem becomes increasingly competitive, ATV’s focus on technical excellence and founder empowerment will continue to set it apart, ensuring its influence endures for years to come.
Key people at Advanced Technology Ventures.
Advanced Technology Ventures has more than 26 tracked investments across 17 companies. The latest tracked deal is $80.0M Series C in Frontier Medicines in February 2024.