International Venture Capital Firm Expands to Triangle, Hires Former IDEA Fund Partners VC
RESEARCH TRIANGLE PARK – Startups and emerging companies in North Carolina have more access to venture capital with the expansion of international firm SixThirty Ventures opening an operation in the Triangle led by a former VC at Durham-based IDEA Fund Partners.
Joe Darcy says he left IDEA Fund after two years, but stresses that the company is not unknown in the Triangle.
“SixThirty is no stranger to the Triangle ecosystem, having co-led investments in Fenris Digital and SortSpoke for the past two years alongside them while at IDEA Fund Partners,” he says. by email.
Darcy also earned her MBA from UNC Kenan-Flagler Business School in Chapel Hill.
By “planting a flag” in the state, SixThirty seeks to expand a portfolio of “more than 75” companies since its launch in 2013. The company “has a presence in Europe and Asia in addition to the United States”, adds Darcy.
Potential investments are not limited in terms of orientation.
“SixThirty invests in early-stage companies at the intersection of health, wealth and privacy: technology, data and socio-economic forces are transforming financial services, healthcare and life privacy, and these forces are converging in the everyday lives of consumers and institutions paving the way for big, bold ideas,” says Darcy. “Our unique platform brings startups together to collaborate with institutions that have the resources and expertise to to help bring their ideas to market, creating a force multiplier for both.”
According to her biography, Darcy has also worked for Lewis & Clark Ventures and Techstars. “In addition, he spent over seven years in New York City working at financial institutions in multi-family offices, hedge funds and brokerage spaces,” his biography adds.