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DTI Raises $17M First Round

20 years ago

Digital Telecommunications Inc. (DTI) of Boca Raton, Fla., recently raised $17 million in its first institutional round of venture financing. The company develops carrier switches that allow telecommunications companies to deliver voice, video and data over traditional and Internet protocol-based networks. Advent International of Boston led the Series A round with a $5 million investment, […]

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Xencor Raises $12M in Second Round

20 years ago

Xencor Inc. operates more like an information technology company than a biotechnology company, and the company’s founders hope that the public markets will treat them as such when it goes public, most likely in 2001. “After developing this technology at a laboratory in Cal Tech, its satisfying to see it being applied to commercial products,” […]

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Frontenac Co. Targets $600M For Fund VIII

20 years ago

Frontenac Co. – a private equity firm that dates back to 1971 – is preparing to come to market with its eighth fund that likely will target between $500 million and $600 million, according to industry sources. “We are contemplating a new fund, but we haven’t gone to our LPs yet,” said Roger McEniry, a […]

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Quadstone Grabs $10M for U.S. Expansion

20 years ago

In an effort to develop a stronger presence in the United States, Quadstone Ltd. of Scotland recently raised $10 million in its first round of private equity financing. Quadstone, which recently established a headquarters in Boston, develops software that allows companies like Barclays Bank to create purchasing models and consumer profiles of their customers. “Our […]

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V-Span Raises $10M First Round

20 years ago

Videoconferencing service provider V-Span earlier this month raised $10 million in its first institutional round of venture financing, after raising $4 million through angel investors since its incorporation in 1995. Comcast Interactive Capital led the round with a $4 million investment in V-Span. Edison Venture IV contributed $1.5 million while individual and returning angel investors […]

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Battery Charges Viewlocity Spin-out

20 years ago

Marking another instance of venture firms supporting the divestment of a technology from a larger parent, Battery Ventures of Wellesley, Mass., committed $10 million to the spin-out of Viewlocity from Frontec, a European information technology services company. “We found the opportunity and felt that it would realize tremendous value when properly focused,” said Scott Tobin, […]

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Shym Closes $7M Second Round

20 years ago

Trying to bridge an inefficiency created by the need for speedy integration in the electronic business segment, Shym Technology Inc. of Needham, Mass., raised $7 million recently in its second round of venture financing. Canaan Partners of Rowayton, Conn., led the transaction followed by existing investors North Bridge Venture Partners and Venrock Associates. Shym, a […]

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MedicaLogic Receives Growth Prescription

20 years ago

While information technology has contributed to numerous biomedical advances, less than 5% of ambulatory physicians use even the most basic electronic communication tools to record the physical status of their patients. MedicaLogic Inc. of Hillsboro, Ore., plans to use the Internet to attract these physicians who continue to take patient notes with a pen and […]

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Cobalt Raises $36M in Series C Round

20 years ago

Hoping to file for an initial public offering within the next 12 months, Cobalt Networks Inc. recently raised $36 million in its third and likely final round of private equity financing. The Mountain View, Calif.-based company develops network server appliances for Internet service providers (ISPs), small to mid-size businesses and branch offices. August Capital led […]

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RegionalRoundup – South

20 years ago

Link-Two Telecommunications Inc. of Houston is raising $5.6 million through a private placement of units with common stock. A minimum investment of $1,000 is required. The telecommunications company intends to use proceeds from the offering for working capital and to repay debt. Transaction Control International Inc. of Manassas, Va., is raising $5.4 million through a […]

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BCI Growth V Holds $360M Final Close

20 years ago

Reaching a final capitalization of $360 million on BCI Growth V LP, Teaneck, N.J.-based BCI Partners Inc. closed its fifth venture partnership last month and also added Thomas Cusick as a general partner. Limited partners in the latest effort include existing investors Abbott Capital Management, Bank of America Capital Corp. and Oregon Public Employees’ Retirement […]

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Tribeca Software Raises $2M in First Round

20 years ago

Corporate bandwidth hoarders beware. Tribeca Software, which recently raised $2.675 million in its first institutional round of venture financing, has developed technology that allows corporations to more effectively monitor bandwidth consumption in the workplace. Meyer-Duffy Associates led the investment in the New York-based company. Other investors contributing to the round include Brown Brothers Harriman & […]

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Amplified.com Sings Praises of $4M Round

20 years ago

Amplified.com raised $4.5 million June 2 in its second round of venture financing. The Atlanta-based company provides Internet services for five of the top 12 retailers in the music industry. Constellation Ventures, the venture capital arm of Bear Stearns, and Psilos Group each invested in the round. Noro-Moseley Partners, which did not return for the […]

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Apollo Increases Rare Medium Investment

20 years ago

Six weeks after receiving $75 million from Apollo Investment Fund IV LP, Internet incubator Rare Medium Group Inc. received an additional $12 million investment from the buyout firm. As part of the April financing, Apollo has the option to invest up to $150 million in the company. Rare Medium, which was founded in 1996, currently […]

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Aastrom Notches $3M

20 years ago

RGC International Investors LDC was the sole purchaser of a $3 million private equity placement by Aastrom Biosciences Inc. of Ann Arbor, Mich., according to documents filed with the Securities and Exchange Commission. RGC bought 3,000 shares of newly created 1999 Series III convertible preferred stock and a warrant to purchase 150,000 shares of common […]

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MySimon Says $21M Venture Round

20 years ago

Everyone’s mother tells them to comparison shop, but the hassle involved in finding comparable quality and value for products deters even the most ardent value hunter. MySimon Inc. wants to use the Internet to solve this problem. So, the Santa Clara, Calif.-based company raised $21 million June 4 in a first close of its fourth […]

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Interactive Pictures Offers Full Dimensions

20 years ago

The Internet offers countless new ways to distribute information. However, the content it has distributed to date has mostly consisted of written text, still photographs and video and audio streaming. The challenge for Internet producers is to create content that has not been repurposed from other media. Interactive Pictures Corp. (IPIX) is facing that challenge, […]

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PaeTec Communications Raises $28M

20 years ago

Soliciting financing from a multitude of investors, including 125 executives from the telecommunications industry, PaeTec Communications Inc. raised $28 million in its fourth round of private equity financing. PaeTec would not disclose the identity of the 125 individual investors, as well as the financial institutions, business partners and vendors that also contributed to the round. […]

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