Charles R. Lax, known as Charley, is the Co-Founder and Managing General Partner of GrandBanks Capital. See sector focus and contact routes.
Charles R. Lax, known as Charley, is the Co-Founder and Managing General Partner of GrandBanks Capital, a venture firm in Needham, MA that invests in early-stage companies. His investment thesis targets Internet infrastructure, software and services, security, storage, mobile media, financial technology, and wireless technologies, primarily within East Coast enterprise and mobile sectors. The firm typically invests $2 million to $8 million per deal, with Lax leading or participating actively in these East Coast startups. Lax’s career includes 48 portfolio investments yielding 36 exits, 15 public listings, and over $6.1 billion in combined exit value, including Yahoo!’s $4.3 billion acquisition of GeoCities. Notable portfolio companies where he serves on the board include GlassHouse Technologies, KnowledgeVision, SendMe Mobile, SilverRail Technologies, and TIM Group. He was named one of the top 50 venture capitalists on the East Coast by AlwaysOn, reflecting his distinctive track record in scaling companies to billion-dollar market caps.
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