CVC  Devonshire Investors




     Office Locations:

82 Devonshire Street R7B
Boston, MA 02109
Phone: 617-563-9106

 

Stages:

  • Early
  • Expansion
  • Growth
  • Middle Market


 

Industries:

  • Communications & Networking
  • Information Technology
  • Real Estate & Construction
  • Retail & Restaurant

  •  

    Description:

    Devonshire Investors (DI) is the private equity arm of Fidelity Investments and it has a number of investments in the Information and Communications Technology (ICT) arena - COLT in the UK / Europe, and KVH in Japan / Asia Pacific. In 2007, Fidelity Investments moved to rebrand many its private equity investments and portfolio holdings under the Devonshire Investors entity/brand to avoid potential confusion with its more consumer-oriented financial services and mutual funds business. According to the Boston Globe, the Devonshire affiliate owns a range of other companies, from Veritude, a temporary staffing firm, to Backyard Farms, a 42-acre tomato farm in Maine, that combined employ 23,000 workers across the United States, Europe, and Asia. Other significant holdings include Pembroke Real Estate, which manages more than 6.4 million square feet of real estate; Boston Coach, a limousine service; J. Robert Scott, an executive search firm, Seaport Cos., which manages the Seaport Hotel and Seaport World Trade Center; ProBuild building supply; KVH, an Asian-Pacific communications service provider; and HR Access, a human resources software provider. Devonshire is also in the process of selling Sebastians, a small Boston restaurant and catering chain, to LPM Holding Co.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    David Jegen Managing Director
    Frank Lukas Managing Director
    John Raguin Managing Director
    Karen Hammond Managing Director

     

    Recent Funding Events (trailing 12 months):


      Date


      Name


      State


      Amount


      Stage


      05/23/2018


      Iora Health


      MA


      $100,000,000


      Series E


     

    Portfolio companies include:


      Cloudant
        web link


      Codeship
        web link


      Iora Health
        web link


      OwnCloud
        web link


      peerTransfer
        web link


      Recurly
        web link


      TradeBlock
        web link


      Tradier
        web link


     

    Recent News: