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MapQuest.com Inc. –

18 years ago

MOUNTVILLE, Pa. – MapQuest.com Inc., an online mapping and destination information service provider, held an initial public offering May 4. The company offered 4.6 million shares at $15 apiece, above the $11 to $13 filing range. BancBoston Robertson Stephens, Thomas Weisel Partners L.L.C., U.S. Bancorp Piper Jaffray and Volpe Brown Whelan & Co. underwrote the […]

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Latitude Communications Inc. –

18 years ago

SANTA CLARA, Calif. – Latitude Communications Inc., a provider of voice and data conferencing solutions, held an initial public offering May 6. The stock priced at $12, at the top of its $10 to $12 filing range. The company offered 3 million shares of common stock. Venture investors include Mayfield Fund, Menlo Ventures, Asset Management […]

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Media Metrix Inc. –

18 years ago

NEW YORK – Media Metrix Inc., a provider of products and services that measure Internet and online usage, held an initial public offering May 7. The company offered 3 million shares of stock at $17 apiece, well above the company’s $12 to $14 filing range. Donaldson, Lufkin & Jenrette, BancBoston Robertson Stephens and Thomas Weisel […]

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Be Inc. –

18 years ago

MENLO PARK, Calif. – Be Inc., a company that produces and markets operating systems designed to improve performance of digital media, filed for an initial public offering May 6. The company has not announced how many shares it plans to offer or a suggested stock price. Alta California Partners L.P., August Capital L.P., AVI Capital […]

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Intel Wraps Up $300 Million Fund –

18 years ago

SANTA CLARA, Calif. – In the latest example of a technology corporation establishing a venture fund to complement its main businesses, Intel Corp. raised $300 million to support developing companies that use its IA-64 processor. While companies like 3Com Corp. and Seagate Technology Inc. (VCJ, June, page 5) have established similar venture funds to bolster […]

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Waller-Sutton Management Group –

18 years ago

NEW YORK – Waller-Sutton Management Group Inc. invests in early- to growth-stage media, communications and entertainment companies throughout the United States. The firm was launched in 1997 by Cathy Brienza and William Ingram, founders of the investment management firm Sutton Capital, and Andrew Armstrong, president of the investment bank Waller Capital. Both Waller and the […]

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IAI Veterans Form Sapient Capital –

18 years ago

JACKSON, Wyo./MINNEAPOLIS – Two former venture capital executives from IAI Ventures Inc. teamed in May to launch Sapient Capital, a new venture fund with an innovative strategy focused on middle- to late-stage and public micro-cap technology, communications and health-care companies. At first glance, Sapient, managed by Principals Noel Rahn and Mitch Dann, two Investment Advisor […]

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ProQuest Fund Holds Final Close –

18 years ago

PRINCETON, N.J. – ProQuest Investments I L.P., a medically focused venture fund, held a $100 million final close in late May. The vehicle will invest in seed-stage to public companies in the pharmaceutical, health-care device, Internet and service industries in the United States and overseas. Launched in February 1998, ProQuest held a $40.5 million first […]

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Scheer Venture Fund Adds IT to Focus –

18 years ago

BRANFORD, Conn. – In response to an icy reception by investors to a health-care focused fund, Scheer & Co. has expanded its inaugural venture vehicle to include health care-related information technology deals. Scheer Venture Partners was launched about a year ago with a $50 million target (VCJ, February, page 28), but by press time the […]

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Duke Street Shoots For euro 500 Million –

18 years ago

LONDON – Duke Street Capital hopes to hold a first close on its fourth European buyout fund in June. Following last year’s buyout from Hambros, the group – formerly HEV – aims to raise at least euro 500 million ($523 million) for Duke Street Capital IV in its debut fund raising as an independent firm. […]

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Doll II Collects $42M in Initial Close –

18 years ago

MENLO PARK, Calif.-Doll Capital Management held a $42 million first close on its second fund in early June, and the group secured commitments reaching its $100 million target, said Managing General Partner Dixon Doll. Doll Technology Investment Fund II, like its predecessor, will back early-stage telecommunications and information technology companies (VCJ, February, page 25). Doll […]

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New Seed Fund Hits Bay Area –

18 years ago

SAUSALITO, Calif. – Although it was founded last year as a start-up consulting firm, the partners at Artemis Ventures soon realized that most of their time was spent helping clients raise money. So, early this year, the firm raised its own seed-stage fund, which closed on $22 million in early May. The firm originally helped […]

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Encompass Fund Eyes First Close for June –

18 years ago

BELLVUE, Wash. – Encompass Ventures expects a first close in June on EV II Partnership, raised from Japanese operating companies, and the firm is contemplating raising another fund targeting institutions in the United States (VCJ, February, page 12). Encompass, which intends to raise $30 million for EV II, at press time expected the first close […]

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Nevada Stays the Course in Venture Investing –

18 years ago

The Nevada Public Employees Retirement System has not exactly been a trailblazer when it comes to private equity investing – the $12.1 billion pension allocates 2% of its capital to the asset class and has no plans to increase the percentage – but Nevada has done well in the alternatives arena and plans to stick […]

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Guide Takes In $10M At Initial June Close –

18 years ago

SEATTLE – Guide Ventures, a firm recently founded by a former partner in Redleaf Venture Management, notched a $10 million first close in early June for Guide Ventures II L.P. The fund was launched early this year with a $25 million target and a $30 million cap, and founder Russ Aldrich said he envisioned reaching […]

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BCI Growth V Holds $360M Final Close –

18 years ago

TEANECK, N.J. – Reaching a final capitalization of $360 million on BCI Growth V L.P., BCI Partners Inc. closed its fifth venture partnership in May and 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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QuestMark Seeks More for First Fund –

18 years ago

BALTIMORE – Although hoping to raise an additional $40 million before a June 30 final close, QuestMark Partners L.P. had begun investing the $210 million already committed to its first fund. QuestMark in late May invested $10 million in ZapMe!, a provider of Internet and interactive services to schools. Earlier that month, the fund invested […]

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Ullico, MIF Launch Latin American Funds –

18 years ago

WASHINGTON, D.C. – In a move to further immerse union pensions into the world of private equity, Ullico Inc. in early June partnered with the Inter-American Development Bank to raise two small venture funds in Chile and Argentina. Ullico, which manages capital for labor union pensions through jointly managed trust funds, has been a fast-growing […]

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