406 Ventures Management, LLC

Multi-stage venture firmSEC venture capital fund adviser· Boston, Massachusetts406VENTURES.COM

We gofurthertogether. We go furthertogether..406 Ventures is the partner for early-stage companies withhome run potential. We’ve been proving the value of great relationships for nearly 20 years, partnering with founders to help transform their companies into category-defining powerhouses. Companies We help buildgame-changing companies. We partner with founders at the leading edge of healthcare, data […]

In the firm's own words, from its website.

Reported fund assets
$1.6B
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
1
Investment team
11
Latest vintage
2024
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (11)Team (15)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

11 additional team members, 29 additional investments, funds and LPs, 34 events, 3 verified contacts (1 general firm email, 1 published business email, 1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. 1 company
    new in 12 months

    1 new company in the last 12 months.

    A firm writing cheques this quarter is one a founder can pitch now.

    Factfunding announcements, Form D, the firm's portfolio pageFor Founders, co-investorsInvestments →
  2. 1 company
    portfolio raising

    One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 22 Sep 2026 ($22M round).

    A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.

    FactPress release wires (PR Newswire, GlobeNewswire)For Co-investors, LPs, lendersInvestments →

People to know

View all people
  • Graham Brooks
    Partner
    Why: Partner: part of the investment decision
    No route on file yet
  • Greg Dracon
    Partner
    Why: Partner: part of the investment decision
    No route on file yet
  • Liam Sean Donohue
    Member
    Why: Named with investment responsibility
    No route on file yet

Relationship network

52 connected entities17 observed rounds5 repeat counterparties4 dated rounds shown here, 2017 to 2022

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to 406 Ventures Management, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to 406 Ventures Management, LLC

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

11 companies on record, 1 new in 12 months
Investments on record
11 companies, 18 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Teal Health, Inc.board seatunknown · boardKathryn Taylor Reddy (strongly supported)unknownunknownAug 13, 2026Inference Form D
Diana Health, Inc.Form D equity offeringunknown · boardPayal Agrawal Divakaran (strongly supported)$10.7M
form d sold
unknownFeb 17, 2022Inference Form D
GreathornForm D equity offeringunknown · boardGreg Dracon (strongly supported)$13.2M
form d sold
unknownJul 1, 2019Inference Form D
Stated thesis versus observed behaviour
18 observed deals
Stated (the firm’s website)
Sectors
ai, healthcare, cybersecurity
Stages
early
Geography
boston
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 82%Other 9%Other Health Care 9%
lead rate no observed dealsfollow-on rate 50%new companies, 12 months 1

Team

15 current, 3 departed
Decision makers
who to call first, and why; then everyone else by function
  • Graham Brooks · Partner
    Why this person: Partner: part of the investment decision; Named with investment responsibility
  • Greg Dracon · Partner
    Why this person: Partner: part of the investment decision; Named with investment responsibility
  • Liam Sean Donohue · Member
    Why this person: Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team
15 current, 3 departed
3 departed (kept with end dates)
Contacts
1 general firm email, 1 published business email, 1 firm phone

1 general firm email, 1 published business email, 1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

16 vehicles, 0 LPs disclosed
Funds and vehicles
16 reported, 8 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Point 406 Ai, LLCFund2024 form d first saleEarly deployment$5.4M
Mar 23, 2026
3$5.5M
of $5.5M
Sep 16, 2024
Point 406 Ventures V L.P.Fund2022 form d first saleActive deployment$248M
Mar 23, 2026
66$245M
of $325M
Apr 11, 2023
Kaossearch LLCFund2022 form d first saleActive deployment$2.3M
Mar 23, 2026
7$2.2M
of $2.2M
Dec 22, 2022
Limited partners
0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Known LPs and allocators
0 relationships across the firm's funds, from public pensions and the allocator graph
No allocator names this firm or its funds in a public disclosure DFX holds.

Relationships across DFX

3 co-investors · on 1 other DFX graph
Co-investors
3 counted from shared deals, for the whole firm
Across DFX and the capital chainon 1 other DFX graph Show
Across DFX
  • The same institution is held on RIA and Wealth, matched by identifier. See which records
Across the graphs

406 Ventures Management, LLC is the same institution as 1 record in RIA and Wealth.

RIA and Wealth1

The joined record opens with the product, beside every other relationship on this page.

Checking your plan…

Evidence and history

39 dated events, 81 observations from 3 sources
Timeline
39 dated events
  1. Mar 23, 2026
    Point 406 Ventures Opportunities Fund III, L.P. first reported on Form ADV by 406 Ventures Management, LLC (Venture Capital Fund), GAV $22,344,539
    Fund first reported on Form ADVFundsInferencePoint 406 Ventures Opportunities Fund III, L.P.Form ADV
  2. Mar 23, 2026
    Marcuspv, LLC first reported on Form ADV by 406 Ventures Management, LLC (Venture Capital Fund), GAV $12,950,500
    Fund first reported on Form ADVFundsInferenceMarcuSPV, LLCForm ADV
  3. Mar 21, 2024
    Gregory Dracon (Member) no longer on Schedule A of 406 Ventures Management, LLC
    Person leftPeopleInferenceGregory DraconForm ADV
  4. Mar 21, 2024
    Point 406 Ai, LLC first reported on Form ADV by 406 Ventures Management, LLC (Venture Capital Fund), GAV $5,065,000
    Fund first reported on Form ADVFundsFactPoint 406 Ai, LLCForm ADV
  5. Mar 21, 2023
    Point203x2spv, LLC no longer reported on Form ADV by 406 Ventures Management, LLC
    Fund no longer reportedFundsInferencePoint203x2spv, LLCForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 23, 2026 · 17 private fundsShow
Headquarters
Boston, MAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
406VENTURES.COM
SEC adviser type
Exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Mar 23, 2026
Private funds reported
17 (17 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$1.6Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Every classification this record has carried3 on recordShow
  1. Sep 23, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $1.6B
  2. Sep 15, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $1.5B
  3. Sep 12, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $1.1B
Evidence
81 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 23, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 23, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 21, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 23, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 23, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 21, 2024FactForm ADV
First Form ADV filing2012-03-28Mar 23, 2026FactForm ADV
First Form ADV filing2012-03-28Mar 21, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-23Mar 23, 2026FactForm ADV
Latest Form ADV filing2026-03-23Mar 23, 2026FactForm ADV
Latest Form ADV filing2024-03-21Mar 21, 2024FactForm ADV
SEC statusERA - ActiveMar 23, 2026FactForm ADV
SEC status effective2012-03-28Mar 23, 2026FactForm ADV
Venture share of reported funds1Mar 23, 2026FactForm ADV
Venture share of reported funds1Mar 21, 2024FactForm ADV
Business phoneMar 23, 2026FactForm ADV
Business phoneMar 21, 2024FactForm ADV
Contact page urlSep 30, 2026Factno URL
Contact page urlSep 16, 2026Factno URL
DescriptionSep 30, 2026Factno URL
DescriptionSep 16, 2026Factno URL
DescriptionSep 12, 2026Factno URL
HeadquartersBoston, MAMar 23, 2026FactForm ADV
HeadquartersBoston, MAMar 21, 2024FactForm ADV
Office addressMar 23, 2026FactForm ADV
Office addressMar 21, 2024FactForm ADV
Legal formLimited PartnershipMar 23, 2026FactForm ADV
Legal formLimited PartnershipMar 21, 2024FactForm ADV
Portfolio pageSep 30, 2026Factno URL
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 12, 2026Factno URL
Private funds reported17Mar 23, 2026FactForm ADV
Private funds reported17Mar 23, 2026FactForm ADV
Private funds reported15Mar 21, 2024FactForm ADV
Private fund gross assets (reported)$1.6BMar 23, 2026FactForm ADV
Private fund gross assets (reported)$1.6BMar 23, 2026FactForm ADV
Private fund gross assets (reported)$1.5BMar 21, 2024FactForm ADV
Schedule a diffsadiff-1Mar 23, 2026FactForm ADV
Stated geographyboston
“geography words on the home page”
Sep 30, 2026Factno URL
Stated geographyboston
“geography words on the home page”
Sep 16, 2026Factno URL
Stated geographyboston
“geography words on the home page”
Sep 12, 2026Factno URL
Stated sectorsAI, healthcare, cybersecurity
“sector words on the home page”
Sep 30, 2026Factno URL
Stated sectorsAI, healthcare, cybersecurity
“sector words on the home page”
Sep 16, 2026Factno URL
Stated sectorsAI, healthcare, cybersecurity
“sector words on the home page”
Sep 12, 2026Factno URL
Stated stagesearly
“stage words on the home page”
Sep 30, 2026Factno URL
Stated stagesearly
“stage words on the home page”
Sep 16, 2026Factno URL
Stated stagesearly
“stage words on the home page”
Sep 12, 2026Factno URL
Team pageSep 30, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 12, 2026Factno URL
Venture funds reported17Mar 23, 2026FactForm ADV
Venture funds reported17Mar 23, 2026FactForm ADV
Venture funds reported15Mar 21, 2024FactForm ADV
WebsiteMar 23, 2026FactForm ADV
WebsiteMar 21, 2024FactForm ADV
Site titleSep 30, 2026Factno URL
Site titleSep 16, 2026Factno URL
Site titleSep 12, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmedShow
Importance
59
elevated
Active deployment
29
moderate
Emerging
0
low
Freshness
100
high
Multi-stage venture firmSEC exempt reporting adviser

Both early and growth/opportunity families, reported GAV $1.6B

The inputs behind each score
importance
gav: $1 · funds: 1 · people: 0.56 · investments: 0.47 · co investors: 0.19
active deployment
investments 12m: 0.13 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-08-13
emerging manager
fund count: 24 · reported gav: $1.6B · first adv filing: 2012-03-28 · years since first filing: 14.5

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2012-03-28source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.