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Polaris Venture Partners has opened a branch of its Dogpatch Labs startup incubator in Dublin.
According to multiple reports, Polaris’ Ireland presence will include one Polaris staffer based in Ireland and an office space similar to what the Waltham venture capital firm provides in its Cambridge, New York and San Francisco locations.
According to the Irish finance news site Finfacts, the Dublin incubator was announced last week by the Irish National Pensions Reserve Fund (NPRF), which simultaneously announced it has put $50 million into a Polaris venture fund, presumably the firm’s sixth, for which Polaris has targeted a $400 million fundraise.
Polaris co-founder and general manager Terry McGuire told the Wall Street Journal the NPRF’s investment closed prior to the announcement and was not tied to the plans for a new Dogpatch incubator there.
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