OATV Raises $84.5 Million for Third Fund

O’Reilly AlphTech Ventures, or OATV, has secured $84.5 million for a third fund, according to an SEC filing that was processed this morning. The filing states that 51 investors have participated in the fund, and that it intends to raise another $450,000, which will bring its total funding to $85 million.

TripIt Acquisition Brings Azure Healthy Multiple On Capital

Concur Technologies Inc. on Thursday announced it would buy travel site TripIt Inc. in a deal that could reach $120 million and bring a handsome return to its largest shareholder, Azure Capital Partners. Azure General Partner Mike Kwatinetz says the firm’s return on the deal could top its sale of Bill Me Later to eBay […]

Considering Azure Capital: A Case Study In Eschewing Trends

“I’ve thought about writing a blog. I’ve thought a lot about it, but that’s not really me,” said Mike Kwatinetz, dipping into an omelet yesterday at Bob’s Steak & Chop House, an old-school San Francisco eatery. “I can’t help but feel there are better uses of my time.”

The sentiment wasn’t surprising coming from Kwatinetz, who co-founded the tech-focused venture firm Azure Capital Partners in 2000 with several other former investment bankers, all of whom once reported to star banker Frank Quattrone.

Azure does much the old-fashioned way. You’d never find Kwatinetz in a hoodie, for example. He uses a Blackberry. And though Azure’s deal size varies considerably

TripIt Raises $7 Million

TripIt, a San Francisco-based provider of a platform that lets individuals and businesses organize and share their travel plans, has raised $7 million in Series C funding co-led by Azure Capital Partners and return backer OATV. The company had previously raised $6.1 million, including a $5.1 Series B million round from OATV, Sabre Holdings and Europeean Founders Fund.

TripIt Raises $5.1 Million

TripIt, a San Francisco-based provider of an online travel organizer and social network, has raised $5.1 million in Series B funding. Participants included Sabre Holdings, O’Reilly AlphaTech Ventures and European Founders Fund. PRESS RELEASE TripIt (www.tripit.com), the intelligent personal travel assistant, has received $5.1 million in Series B financing from three significant investors: Sabre Holdings, […]

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