Fidelity Ventures is the investment arm of Fidelity Investments specializing in venture capital investments. The firm prefers to invest in emerging growth technology companies ready to bring products or services to the marketplace and in established companies introducing a new line of products or services. It invests in information technology, communications, and consumer sector. In information technology, the firm invests in areas such as security, systems management, wireless infrastructure, and data center. Within communications, it focuses on home networking sector as well as software and systems for service providers. The firm typically invests in companies in the United States, Europe, and Asia and Pacific companies. It typically invests between $3 million and $50 million per company. The firm prefers to be the lead investor and can co-invest with other tier one venture capital firms in its portfolio companies. It seeks to hold a board seat in its portfolio companies. Fidelity Ventures was founded in 1969 and is based in Boston, Massachusetts with additional offices in London, United Kingdom, Central Hong Kong, China, and Boston, Massachusetts.