Managing Partner, Funds II-IV
Mr. Kania was a co-founder of Flagship Ventures and serves as a managing partner for Flagship Funds II, III and IV. He was chairman of Flagship Ventures between 2003 and 2014. Ed has 35 years of experience in the venture capital industry. Prior to co-founding Flagship Ventures, he spent 17 years as general, and later managing, partner of OneLiberty.
From 1983 – 1984 he served as an investment officer at First Capital Corporation of Boston, the venture capital subsidiary of Bank of Boston, and, previously, as research associate at Harvard Business School and as general manager at J. Cunningham, Inc. He is a frequent speaker on venture capital and entrepreneurship. Ed earned his undergraduate degree in physics from Dartmouth College and his MBA from Harvard Business School. While at Dartmouth, he was an All-American track and field athlete and a national and collegiate record holder.
Throughout his professional career, Ed has operated both as an investor and as an active partner to entrepreneurs in company building. His direct investment experience covers over 100 companies. In addition, he has been intimately involved in the launch and development of more than a dozen companies as the founding, lead or co-lead investor, and on occasion has assumed operating roles in support of management. Several of these companies are now publicly traded while others have been acquired by significant publicly-traded companies. The total value of the companies in which Ed has participated as founding or lead investor is currently several billion dollars.
Among the companies for which Ed has served as an active director are Acceleron Pharma (NASDAQ: XLRN), Adolor (NASDAQ: ADLR), Alere Corp. (purchased by Inverness Medical), Anesta Corp. (NASDAQ: NSTA, purchased by Cephalon), Aspect Medical (NASDAQ: ASPM, purchased by Covidien), AudioLogic (purchased by Cirrus Logic), ChemGenics Pharmaceuticals (purchased by Millennium), Cytyc Corp. (NASDAQ: CYTC), EXACT Sciences (NASDAQ: EXAS), Interactive Supercomputing (acquired by Microsoft), Ontogeny (merged into Curis, NASDAQ: CRIS), PerSeptive Biosystems (NASDAQ: PBIO, purchased by Applera), Selecta (NASDAQ: SELB), (Somatogen (NASDAQ: SMTG, purchased by Baxter), TARIS Biomedical, and VisEn Medical (acquired by PerkinElmer). He was also a founding investor in IDEXX Laboratories (NASDAQ: IDXX) and in TripAdvisor (purchased by InterActive Corp) as well as the long-time chairman of the board at Common Impact, a non-profit organization that connects skilled professionals from global corporations to local, high potential non-profits.
Currently, Ed is a director of Flagship portfolio companies EcoSense, Oasys Water, TransMedics and Visterra, as well as on the board of DataCore Software. Ed has been a long-time director of MassBio, a not-for-profit organization representing the Massachusetts biopharmaceutical industry, and serves as a member of Harvard Partners’ Innovation Advisory Board and The Johns Hopkins Medicine Alliance for Science and Technology Development.