UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No. __)*

ARCA BIOPHARMA, INC.

(Name of Issuer)

Common Stock, $0.001

00211Y100

January 27, 2009

Check the appropriate box to designate the rule pursuant to which this schedule is filed:

o Rule 13d-1(b)

o Rule 13d-1(c)

þ Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

CUSIP No.		00211Y100	13G	Page		2		of		6 Pages

Item 1(a). Name of Issuer

     The name of the issuer to which this filing on Schedule 13G relates is ARCA Biopharma, Inc. (the “Company”).

Item 1(b). Address of Issuer’s Principal Executive Offices

     The principal executive offices of the Company are located at 8001 Arista Place, Suite 200, Broomfield, CO 80021.

Item 2(a). Name of Person Filing

     This Statement is being filed on behalf of Atlas Venture Fund VII, L.P. (“Atlas VII”). Atlas Venture Associates VII, L.P. (“AVA VII LP”) is the sole general partner of Atlas VII. Atlas Venture Associates VII, Inc. (“AVA VII Inc.”) is the sole general partner of AVA VII LP. Axel Bichara, Christopher Spray, Jean-Francois Formela, Peter Barrett and Jeff Fagnan is each a director of AVA VII Inc. (the “Directors”).

Item 2(b). Address of Principal Business Office or, if none, Residence

     The principal business address of each of Atlas VII, AVA VII LP, AVA VII Inc. and the Directors is 890 Winter Street, Suite 320, Waltham, MA 02451.

Item 2(c). Citizenship

     Each of Atlas VII, AVA VII LP and AVA VII Inc. is organized under the laws of Delaware. Mr. Bichara is a citizen of Germany. Mr. Formela is a citizen of France. Mr. Spray is a citizen of the United Kingdom. Mr. Barrett is a citizen of the United States. Mr. Fagnan is a citizen of the United States.

Item 2(d). Title of Class of Securities

     The class of equity securities of the Company to which this filing on Schedule 13G relates is Common Stock, par value $0.001 (“Common Stock”).

Item 2(e). CUSIP Number

     The CUSIP number of the Company’s Common Stock is 00211Y100.

Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable.

(a)		[   ]		Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b)		[   ]		Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 73c).
(c)		[   ]		Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)		[   ]		Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e)		[   ]		An investment adviser in accordance with §13d-1(b)(1)(ii)(E).
(f)		[   ]		An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).
(g)		[   ]		A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
(h)		[   ]		A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
(i)		[   ]		A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).
(j)		[   ]		Group, in accordance with §240.13d-1(b)(1)(ii)(J).
		[   ]		If this statement is filed pursuant to §240.13d-1(c), check this box.

Item 4. Ownership

Item 4(a). Amount beneficially owned

     As of the close of business on February 10, 2009, Atlas VII is the record holder of 1,402,163 shares of Common Stock and 75,449 warrants to purchase shares of Common Stock (the "Atlas Shares"). AVA VII LP is the sole general partner of Atlas VII. AVA VII Inc. is the sole general partner of AVA VII LP. Messrs. Bichara, Spray, Formela, Barrett and Fagnan are the directors of AVA VII Inc. No person other than the respective owner referred to herein of the Atlas Shares is known to have the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of such Atlas Shares. Each of Atlas VII, AVA VII LP, AVA VII Inc. and the Directors disclaim beneficial ownership of the Atlas Shares except for such shares, if any, such person holds of record.

Item 4(b). Percent of Class

     As of the close of business on February 10, Atlas VII was the beneficial owner of 19.37% of the Common Stock.

Item 4(c). Number of shares as to which the person has:

	(i	)		sole power to vote or to direct the vote:			0
(ii)				shared power to vote or direct the vote:			1,477,612
(iii)				sole power to dispose or direct the disposition of:			0
(iv)				shared power to dispose or direct the disposition of:			1,477,612

Item 5. Ownership of Five Percent or Less of a Class

     Not Applicable.

Item 6. Ownership of More than Five Percent on Behalf of Another Person

     Not Applicable.

Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company:

     Not Applicable.

Item 8. Identification and Classification of Members of the Group

     Not Applicable. The Filing Persons expressly disclaim membership in a “group” as used in Rule 13d-5(b)(1).

Item 9. Notice of Dissolution of Group

     Not Applicable.

Item 10. Certification

     Not Applicable. This statement on Schedule 13G is not filed pursuant to Rule 13d-1(b) or 13(d)-1(c).

Dated: February 10, 2009

		ATLAS VENTURE FUND VII, L.P.
		By: Atlas Venture Associates VII, L.P., its general partner
		By: Atlas Venture Associates, Inc., its general partner
		By:		/s/ Kristen Laguerre
				Name:
				Title: