About Back Bay Group
Back Bay Group is a venture capital firm founded in 1998. It is primarily based out of Boston, United States. As of Sep 2012, Back Bay Group has invested in 7 companies. It primarily invests in Series D round in United States based startups. Its investments are spread across a wide range of sectors from Semiconductors to Enterprise Applications and Life Sciences. Most recently it participated in the $***** Series D round of CrossFiber Overall, Back Bay Group portfolio has seen 1 IPO and 3 acquisitions including key companies like Virtusa, Broadridge and Exact Sciences. A lot of funds co-invest with Back Bay Group, with names like Southern Cross Venture Partners sharing a substantial percentage of its portfolio. Back Bay Group has team of 16 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series D
Portfolio IPOs
Portfolio Acquisitions
Back Bay Group's List of Top Investments
Back Bay Group has a portfolio of 7 companies. Their most notable investments include Virtusa and Broadridge.Their portfolio spans across and United States. They have invested in Semiconductors, Enterprise Applications, Life Sciences and 4 other sectors, across stages such as Series D stage. Here is the list of top investments by Back Bay Group:1. Virtusa
Virtuasa is an IT services company. It provides a diverse range of services like IT consulting, technology, and outsourcing. It helps to reduce the client's cost of ownership and increase revenue generation capacity. It serves Global 2000 companies in a range of domains like banking & financial services, insurance, telecommunications, and many others. It also offers services in the Internet of Things (IoT) space.
Key facts about Virtusa
- Founded Year: 1996
- Location: Westborough (United States)
- Annual Revenue: $1B+ as on Mar 31, 2020
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $45.2M
- Employee Count: 18,260 as on Aug 31, 2026
- Investors: EQT, Back Bay Group and 8 Others
- Latest Funding Round: Post IPO, 2021, $*****
- Highlight: Acquired
2. Broadridge
Provider of tech solution for financial service and customer communication. It is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. Its industry-leading products and services empower you to meet regulatory requirements, navigate risk, allocate resources more effectively, and drive top-line revenue growth. It transform and simplify global trading and post-trade operations across the trade lifecycle with innovative, modular, multi-asset solutions that increase efficiency, reduce risk and drive revenue, amplify shareholder engagement with seamless, industry-leading solutions that efficiently meet compliance obligations, tap into an expansive suite of technology, regulatory, and communications solutions that enable wealth firms to grow and transform on their own terms and automate and efficiently deliver key customer communications across industries with leading expertise and omni-channel capabilities.
Key facts about Broadridge
- Founded Year: 2007
- Location: United States
- Annual Revenue: $1B+ as on Jun 30, 2026
- Stage: Public
- Employee Count: 21,052 as on Aug 31, 2026
- Investors: Back Bay Group, Zühlke and 4 Others
- Latest Funding Round: Conventional Debt, Apr 04, 2019, $*****
- Highlight: Public
Provider of non-invasive molecular diagnostic testing solutions for cancer. The company's product includes Cologuard is intended for the qualitative detection of colorectal neoplasia-associated DNA markers and for the presence of occult hemoglobin in human stool to estimate a patient's risk of developing colorectal cancer. Also, it offers an MCED blood test for multi-cancer detection.
Key facts about Exact Sciences
- Founded Year: 1995
- Location: Madison (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Acquired
- Employee Count: 4,995 as on Aug 31, 2026
- Investors: Petrillo Capital, Back Bay Group and 8 Others
- Latest Funding Round: Post IPO, Mar 08, 2019, $*****
- Highlight: Acquired
4. E Ink
Manufacturer of electronic paper displays, modules, films, and related components. These displays offer solutions for reading, writing, retail, healthcare, and logistics applications. The company provides various brands of electrophoretic displays. These brands include monochrome, multi-color, and full-color ePaper options.
Key facts about E Ink
- Founded Year: 1997
- Location: Billerica (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $52.8M
- Employee Count: 611 as on Aug 31, 2026
- Investors: Atlas Venture, Motorola Solutions and 8 Others
- Latest Funding Round: Series B, Jan 27, 2000, $*****
- Highlight: Acquired
5. CrossFiber
CrossFiber is a developer and manufacturer of breakthrough photonic switches for data centres and telco fiber optic networks. CrossFiber photonic switches are based on proprietary technologies which combine 3D MEMS micro-mirrors on silicon, non-invasive beam steering (NIBS), and custom ASICs. CrossFiber's unique combination of performance and cost makes LiteSwitch systems the most suitable across all major applications in data centres and telco fiber optic switching.
Key facts about CrossFiber
- Founded Year: 2001
- Location: San Diego (United States)
- Stage: Series D
- Total Funding till date: $13.4M
- Employee Count: 3 as on Aug 31, 2026
- Investors: Back Bay Group, Southern Cross Venture Partners and 3 Others
- Latest Funding Round: Conventional Debt, Apr 08, 2013, $*****
Back Bay Group's Investments by Stage
Back Bay Group has made 1 investment in Series D stage with an average round size of $13.4M.Back Bay Group's Investments by Sector
Back Bay Group has a diverse portfolio, with companies operating in the High Tech and Semiconductors. Notably, it has invested in 7 Enterprise (B2B) companies, 6 Tech companies, 4 Software companies and 3 companies focusing on Tech hardware.Back Bay Group's Investments by Geography
Back Bay Group has made most investments in United States (1).Back Bay Group's recent investments
Back Bay Group has not made any investment in 2026 so far.Here are the most recent investments by Back Bay Group:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 12, 2012 | United States | Series D | 9303 |
IPOs and Publicly Listed companies in Back Bay Group's Portfolio
1 of Back Bay Group's portfolio company became public - Broadridge. It got listed on the New York Stock Exchange (NYSE), in Mar 2007.Here are Back Bay Group's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 23, 2007 | - | - | 3141 |
Acquired companies in Back Bay Group's Portfolio
3 companies from Back Bay Group's portfolio have been acquired. The most recent acquisition was Exact Sciences in Mar 2026 by Abbott for $*****.Here are Back Bay Group's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 20, 2026 | - | - | 7445 | |
May 12, 2021 | - | - | 1051 | |
Sep 10, 2020 | - | - | 7260 |
Team profile of Back Bay Group
Back Bay Group has a team of 16 members including 3 Partners located in United States. Back Bay Group's team does not sit on the board of any company as of now.Here is a list of top team members in Back Bay Group:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Irvine | - | - | |
Partner | Essex | - | - | |
Partner | Boston | - | - |
Co-investors of Back Bay Group
Over the past 14 years, 4 investors have co-invested in Back Bay Group's portfolio companies. This includes only funds.
- Top Co-investors of Back Bay Group: 4 investors entered a company along with Back Bay Group. These include investors like Southern Cross Venture Partners (1 company).
Recent News related to Back Bay Group
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CrossFiber snags $13.4M in new funding to target data center, network providers | FierceTelecomFierceTelecom•Sep 12, 2012•CrossFiber, Southern Cross Venture Partners, New Venture Partners, PacifiCap and 2 others
