Featured Content

Crosspoint 1999 Collects $200M –

18 years ago

WOODSIDE/IRVINE, Calif. – Crosspoint Venture Partners 1999 reached a first and final close on $200 million in late April, said Managing General Partner John Mumford. The fund had targeted $150 million to back seed- and early-stage companies in communications, e-business services and software (VCJ, April, page 22). All of Crossroad Venture Partners’ previous investors returned […]

Continue

Life Sciences Fund Grows to $214M –

18 years ago

BOSTON – Schroder Ventures International Life Sciences Fund II reached a second close on $214 million at the end of April and is expected to wrap at its $250 million cap by the end of June. The fund was targeted at $200 million and notched a first close on $127 million in December (VCJ, February, […]

Continue

Valley Ventures Hits Second Close –

18 years ago

SCOTTSDALE, Ariz. – Valley Ventures II reached a second close in early April on $28.2 million. The Southwestern United States-focused fund has a $35 million target and will continue accepting commitments, but General Partner Jock Holliman is shifting his attention from fund raising to deal making. Mr. Holliman is in discussions with several existing institutional […]

Continue

Summit Preps Fund, Adds H&Q’s Sheeline –

18 years ago

PALO ALTO, Calif. – Summit Partners at press time was preparing the late spring launch of a $150 million fund that will invest smaller amounts of capital than are usual for the firm, said General Partner Walter Kortschak. Summit in May hired Kip Sheeline, an 11-year veteran of Hambrecht & Quist, to manage the vehicle, […]

Continue

H&Q Fund Balloons To $336 Million –

18 years ago

SAN FRANCISCO – Hambrecht & Quist’s Access Technology Partners L.P. surged to almost three times its target and at press time had scheduled a mid-May wrap on $336 million, said Managing Partner Charlie Walker. H&Q had planned to launch the fund a year ago, with the intention of raising $200 million for both direct deals […]

Continue

Ventana Raising U.S., International Funds –

18 years ago

SAN DIEGO/IRVINE, Calif. – Ventana Growth Funds, which offers a suite of domestic and international early-stage venture funds, at press time expected a mid-year final close on its most recent vehicle, Technology Gateway Partnership. Ventana, founded in 1974 by Thomas Gephart, invests in early-stage information technology and the Internet, and in medical technology and biotechnology […]

Continue

Mayfield X Slated For Late-May Launch –

18 years ago

MENLO PARK, Calif. – Mayfield Fund at press time was readying a late-May launch for Mayfield X, said General Partner Wendell Van Auken. The fund will follow the firm’s strategy of backing early-stage information technology and health-care companies. “It will be over $400 million, but I can’t pin [the size] down any more precisely than […]

Continue

New NVCA President Takes on Washington –

18 years ago

BOSTON – John Martinson, the newly elected president of the National Venture Capital Association, is gearing up to fight proposed changes to the way venture capitalists conduct business. Founder and managing partner of the Edison Venture Fund, Mr. Martinson is concerned about ongoing moves by the Securities and Exchange Commission (SEC) and the Financial Accounting […]

Continue

Chicago Firm Raises Early-Stage Vehicle –

18 years ago

NORTHBROOK, Ill. – KB Partners L.L.C. has invested in four deals following a $20 million March wrap of its first fund, KB Partners Venture Fund I, L.P. The suburban Chicago-based firm backs start-up and early-stage companies in the Midwest, investing $500,000 to $3 million in each company over time. KB mainly backs information technology, analytical […]

Continue

August Employs New Deal Flow –

18 years ago

MENLO PARK, Calif. – In response to the stiff competition for deal flow on Sand Hill Road, August Capital closed its $195 million August II fund more than six months before the firm intended to begin investing. “We began fund raising last April and were done by the end of June,” said Andy Rappaport, a […]

Continue

Hawaii Increases Alternatives to 5% –

18 years ago

HONOLULU – The State of Hawaii Employees Retirement System in mid-April boosted its allocation to alternatives to 5% from 3%, said Chief Investment Officer Nathan Fischer. At the same time, the $9.5 billion pension decreased its allocations to real estate and domestic fixed income to accommodate the increase. Hawaii initiated an alternative investment program about […]

Continue

CenCom V Creates Hi-Tech Incubator –

18 years ago

PALO ALTO, Calif. – Backed by corporate and venture capital firms, CenCom V Sourcing Inc. will operate a new incubator for high-technology companies that combine telecommunications, electronic media and computer networking. Larry Schwerin, an executive with 20 years experience at Lucent Technologies Inc., was tapped as the president of the firm, which began operations in […]

Continue

Great Hill Staffs Up as First Fund Hits Its Close –

18 years ago

BOSTON – Great Hill Partners, one of two spinouts from Media/Communications Partners, wrapped its first fund in mid-April on $330 million and added several staffers to help manage the vehicle. Pat Curran joined the firm as a partner from Warburg Dillon Read, where he headed the investment bank’s information technology services group. Matt Vettel joined […]

Continue

Reopening Stock Options Battle –

18 years ago

Despite its defeat in 1995 in trying to force companies to value and expense all stock options, the Financial Accounting Standards Board (FASB) has once again reignited the issue, setting a course that threatens to damage our entrepreneurial culture and seriously erode our economic foundation. The FASB learned a lot from the drubbing it took […]

Continue

Spotfire Fans Flames with $3 Million Financing –

18 years ago

CAMBRIDGE, Mass. – Christopher Ahlberg’s 3-year-old company Spotfire Inc. straddles two worlds. At heart, Spotfire is a software company whose product helps users visually sift through mounds of data. But the company operates in the world of life sciences, the result of a marketing decision to target pharmaceutical companies. Dr. Ahlberg is quick to note […]

Continue

North Dakota Paves the Way for More General Partners –

18 years ago

Can a pension fund truly diversify its private equity investments by investing in only two firms? North Dakota’s State Investment Board, which devotes 4% of its $2.3 billion investment pool to the asset class, has been quite successful using that particular strategy for the past 10 years. But things are about to change. The state […]

Continue

Deals in Brief: Following are a handful of deals in the software sector: –

18 years ago

ALTA Claims $5 Million Close WESTERVILLE, Ohio – ALTA Analytics Inc., a developer of fraudulent claim screening software for property and casualty insurance providers, raised $5 million through a private placement of preferred stock with seven investors, according to a Securities and Exchange Commission filing. Menlo Ventures led the investment group, which included CID Equity […]

Continue

Family Planning: A bigger, more competitive industry has forced venture capitalists to devote more time and energy to choosing e –

18 years ago

When John Glynn became a venture capitalist almost 30 years ago, he entered an industry that bore little resemblance to what exists today. Mr. Glynn, founder and general partner of Glynn Ventures in Menlo Park, Calif., and a self-described generalist, worked for several years as a lawyer before entering the fledgling VC industry in 1970. […]

Continue

Digital Edition

VCJ_1017_cover

To read a digital copy of our latest magazine

click here