Charles Lax

Managing General Partner, GrandBanks Capital

Charles Lax

Managing General Partner, GrandBanks Capital

Biography

Charley Lax is the co-founder and Managing General Partner of GrandBanks Capital (GBC) of Wellesley, Massachusetts. Mr. Lax focuses on early-stage investment activities (Series A and B) in the areas of Internet infrastructure, software and software services, security and storage applications, media technologies and services, financial technologies and services, and wireless technologies and services. Mr. Lax has raised and managed over $2.2 billion of venture capital investment funds over the last dozen years. Mr. Lax’s personal investment career includes investments in 42 portfolio companies, which have resulted in 31 exits thus far. His track record includes 15 public companies, of which 10 achieved market caps in excess of $1 billion. With over 18 years of venture capital experience, Mr. Lax currently serves on the boards of GBC companies including Coradiant, Ember Corporation, OutStart and SilverRail Technologies. Additionally, Mr. Lax is a founding General Partner of both SOFTBANK Venture Capital (Mobius Venture Capital) and SOFTBANK Capital Partners, and co-created Flatiron Partners of New York City. Prior to his career in venture capital, Charley worked for a series of software companies in marketing, product management and sales roles, including Phoenix Technologies Ltd., the BIOS developer. A graduate of Boston University with a BS degree, magna cum laude, in 1982, Charley was elected secretary of Boston University’s Alumni Council in 2005 and is a member of its Executive Committee. He is also an Advisory Board member to Boston University’s Office of Technology Development (OTD) Ignition Award Program. In 2001, Charley received the Alumni Award for Distinguished Service and gave the Class of 2001 Graduate School of Management commencement address titled, “Lessons Learned from the Internet Bubble.” In 2003, the Boston University Entrepreneurial Management Institute awarded him the Henry Morgan Award for outstanding contribution to the Institute. Mr. Lax also sits on the President’s Council of the Franklin W. Olin College of Engineering.