SUNNYVALE, CA — Barcelona Design Inc., the
premier supplier of mixed-signal IP for SoC (System-on-a-Chip) design, announced today
that it has signed an investment agreement with Sequoia Capital and has received an
investment of $11 million in its second round of equity financing. Sequoia Capital led the
round joined by earlier investors Crosslink Capital and Joe Costello.
Barcelona’s products are used by leading companies in the mixed-signal SoC market,
which is currently $1.6 billion a year in silicon sales (out of a total $11 billion SoC market)
and projected to grow to over $20 billion by 2005 as an increasing number of SoC designs
begin to include mixed-signal components.
CHICAGO — Willis Stein & Partners, a leading private
equity investment firm, announced today that Philip B. Pool, Jr. will join the
firm as a Partner effective June 2001. Pool will be headquartered in New York
with responsibility for managing the firm’s newly created Corporate
Development and Investor Relations activities. In this capacity, he will
provide specific leadership in expanding the scope of Willis Stein’s
investment activities and financing these initiatives.
Pool, age 47, most recently served as a Managing Director of the Private Fund Group at
Credit Suisse First Boston (CSFB) in New York, a business he co-founded and headed
while at Donaldson, Lufkin & Jenrette (DLJ) prior to DLJ’s acquisition by CSFB in
November 2000. Mr. Pool joined DLJ in 1994 where he managed a group of 30 investment
banking professionals and raised capital for private equity investment firms located
WESTPORT, CT — Colt Capital Group, a growing private equity firm, is pleased to announce the addition of Marilyn Adler as Partner.
Ms. Adler joined Colt Capital Group after four years with Hudson Venture Partners, a successful venture capital fund where she was a founding partner. Prior, Ms. Adler was involved in a wide array of financing activities with SPP Hambro, Teachers Insurance & Annuity Association (TIAA) and Donaldson Lufkin & Jenrette. Ms. Adler is a Chartered Financial Analyst and holds a B.S. with distinction from Cornell University, and a M.B.A. from The Wharton School, University of Pennsylvania.
SAN FRANCISCO — Workspeed Inc., the leading provider of Internet and wireless collaborative
applications for commercial real estate, today announced the closing of its
second round of financing in the amount of $15 million. The company closed its
initial financing of $18 million in May, 2000.
Participants in this round include strategic real estate investors that
participated in the first round of financing, including Apollo Real Estate
Advisors, Archon Group (a wholly-owned subsidiary of Goldman Sachs), Insignia
Financial Group, Mack-Cali Realty Corporation, Newmark and Company Real
Estate, Vornado Realty Trust, Jack Resnick & Sons, Inc. and Lawrence Ruben
Company, Inc. The financing also represents a significant additional
commitment to Workspeed by Peregrine Systems, Inc., the leading provider of
infrastructure resource management, employee self-service and e-business
connectivity solutions. Also participating in this round is Partech
International, the San Francisco-based venture capital firm that has funded
such technology successes as Ascend Communications, Business Objects and
Informatica, and that was instrumental in the founding of Workspeed.
AUSTIN, TEXAS — NANOTECHNOLOGIES Inc. announced today that
it has launched a second round of fund-raising, in conjunction with the Texas Venture
Capital Conference organized by The Capital Network. NANOTECHNOLOGIES was
selected to present a company summary and product description to an audience of over
200 potential investors from across the United States.
NANOTECHNOLOGIES is a materials company that has developed a versatile process for
synthesizing a wide variety of nanoparticles with unique size and composition. The
process versatility allows the company to work closely with customers to develop
specialized nanoparticle-based solutions for critical market-driven applications. This
versatility also allows them to move quickly into ready markets, establish relationships,
and apply their capabilities to other applications.
SANTA CLARA, CA — Atreus Systems Inc., a leader in developing intelligent broadband service creation and delivery platforms for service providers and carriers, today announced they have closed a
$17.0 million (USD) Series B round of funding led by SOFTBANK Venture Capital (SBVC). Gary Rieschel, executive managing director at SBVC will join Atreus Systems’ board of
SBVC was joined in this round by existing investors Blueprint Ventures of San Francisco, and Skypoint Capital of Ottawa, Canada.
RALEIGH, NC — Molecular Mining Corp. (MMC), a company focused on applying its advanced proprietary data mining methods to the
Life Sciences industry, has completed its second round of financing of over $8 million.
The investment was led by CDP Sofinov, a subsidiary of the Caisse de depot et placement du Quebec (CDP). Other participating investors included the Business Development Bank of
Canada, S.R. One Limited, a subsidiary of GlaxoSmithKline, Cardinal Partners and CMDF Queen’s Scientific Breakthrough Fund. Both S.R. One Limited and Cardinal Partners
participated in this financing after co-leading MMC’s first round of financing.
BOCA RATON, FL — NetByTel, the first company to extend voice commerce technology to
Web sites, has received $18.1 million in round-two funding from top-tier new
and returning investors. The round brings NetByTel’s total funding to $25
NetByTel will use the funding to continue to build out its technology and
support infrastructure as well as advance its current market penetration.
Lazard Technology Partners (LTP) led the round, with an investment of $5.6
million. Several new investors joined, with strong participation by
Noro-Mosely Partners, Accenture Technology Ventures and InCentive Capital
Group. Returning investors included T-Ventures, the venture branch of Deutsche
Telekom and affiliates of Chelsea Capital Partners and Mesco Ltd.
AUSTIN, TEXAS — Infraworks Corp. today announced that it
has completed its Series A funding totalling $9 million from Moore Capital Management,
Inc., a major New York venture capital firm, and individuals. As part of its investment,
Moore Capital Management, Inc., also receives two seats on the Infraworks Board of
Infraworks’ current board of directors consists of Frank Carlucci, chairman of the board,
George Friedman, founder and CEO, Sherman Lewis of Lehman Brothers, and Artur
Albarran of Kirkwood Capital. New members representing Moore Capital Management,
Inc., are James Caccavo, Managing Director-Private Equity Investments and Quinn Morgan,
Principal-Private Equity Investments.
LOS ANGELES — Be Here Corp. today announced
that it has secured an additional $6 million in equity financing, bringing its total funding to
$23 million since its formation in 1996.
Snider Capital led the round that also included additional commitments from previous Be
Here investors Eastman Kodak, Intel Capital, Philips Electronics, Enterprise Partners,
Totem Investment Partners and Wasserstein Adelson Ventures.
CHICAGO — Midway Games Inc. (NYSE:MWY) today announced it has completed a private placement of $40 million of Series B Convertible Preferred Stock and warrants to purchase Midway Games Inc. common stock to two institutional investors. Neil D. Nicastro, Chairman and Chief Executive Officer of Midway, also purchased $2 million of the new preferred stock on the same terms and conditions as the institutional investors. The new preferred stock is convertible into Midway Games common stock at $9.33 per share, subject to adjustments. The initial conversion price of the new preferred represents a 10% premium over the weighted average price of the Company’s common stock during the forty days ended Friday, May 18th.
DALLAS — Hicks, Muse, Tate & Furst Incorporated (HMTF), a leading private investment firm, today announced that it has acquired, in partnership with C. Dean Metropoulos, the North American businesses and brands of Vlasic Foods International Inc., including Swanson frozen foods, Vlasic pickles and condiments and Open Pit barbeque sauce. C. Dean Metropoulos is HMTF