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A $5 Billion Venture Fund? –

19 years ago

It’s no secret that venture funds have gotten bigger in recent years, but the $5 billion Warburg, Pincus Equity Partners, L.P. far exceeds the norm – and raises questions about whether the vehicle really is a venture fund, and, if so, how one firm will put that much capital to work. Under Warburg Pincus’ deployment […]

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ClearCommerce Closes $10M Round –

19 years ago

AUSTIN, Texas – ClearCommerce Corp., a developer of e-commerce transaction technology, in January closed the first tranche of its second venture capital round, landing $7.5 million of a $10.5 million cap. Voyager Capital of Seattle led the first closing, followed by New Enterprise Associates. Existing investors Austin Ventures and Internet Capital Group invested their pro […]

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LiveOak Leads BT Squared’s $5M Second Round –

19 years ago

ATLANTA – Software developer BT Squared Technologies Inc. started the new year with an infusion of new capital from a new player in the venture industry. Newcomer LiveOak Equity Partners led the $5 million round, which will be used for sales and marketing and development of the company’s e-commerce initiatives. Westport, Conn.-based Oak Investment Partners, […]

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Critical Path Raises $33M Venture Funding –

19 years ago

SAN FRANCISCO – Critical Path Inc., a developer of business-to-business electronic mail solutions that seeks to secure its position in the domestic market and expand overseas, in January closed on $33 million in venture capital financing. The sizable second round, which had an initial target of $25 million, primarily came from existing investors. Strategic investor […]

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Edutest.com Raises $500K First Round –

19 years ago

RICHMOND, Va. – Edutest.com, a company that writes tests for grade school and junior high-school students and tracks their progress online, in January raised $500,000 in a first round of institutional venture backing. Next Generation Fund, a vehicle raised by Fairfax, Va.-based NextGen Management, provided the capital. The fund, raised from technology executives in the […]

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MotherNature.com Locks $16M Round –

19 years ago

ACTON, Mass. – Continuing the trend of Internet companies as hot commodities in the venture capital market, MotherNature.com Inc. recently closed a $16 million second-round of financing. Commonwealth Capital Ventures led the financing, followed by new investors Zero Stage Capital, BancBoston Ventures, North Castle Ventures, Comdisco Ventures, Dain Rauscher Wessels and Blue Chip Ventures, said […]

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19 years ago

MENLO PARK, Calif. – Silicon Valley Bank (SVB) in January transferred Gregory Becker to its Sand Hill Road office to replace Mike Weeks as head of the bank’s venture capital practice. Mr. Becker, a SVB senior vice president formerly based in Boulder, Colo., has experience working with venture capitalists, having referred deals to Colorado VCs […]

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Mellon Backs New Internet Fund –

19 years ago

ATLANTA – Former information- technology entrepreneur Buck Goldstein and strategic partner Mellon Ventures in February launched netWorth Partners, the latest in a growing list of Internet-focused venture funds. Mellon Ventures, the captive equity investment vehicle for Mellon Bank, will invest in netWorth as a strategic limited partner, sharing deal flow and expertise and assisting in […]

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Going Once! Twice! Sold to the Man with the Start-Up! –

19 years ago

REDWOOD CITY, Calif. – How much is about two hours of your time worth? Venture capitalist Steve Jurvetson of Draper Fisher Jurvetson, thanks to a recent charity auction on eBay, can give a precise market value for the time it takes have breakfast with him: $9,400. That’s the cumulative price two entrepreneurs paid to shoot […]

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Pomona IV Closes, Opens London Office –

19 years ago

LONDON – New York-based Pomona Capital in mid-January closed Pomona Capital IV on $203 million and created a European office in London. The firm, launched in 1994 with $45 million under management, has since grown its capital tenfold. The group’s primary focus is the purchase of interests in quality private equity funds from limited partners […]

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INVESCO Initiates Marketing in Europe –

19 years ago

NEW YORK – INVESCO Partnership Fund II in February was slated for a first close on an undisclosed sum, and INVESCO planned to shift its fund-raising attention from the United States to Europe, said Parag Saxena, INVESCO Private Capital’s head. Launched late last year with a $500 million target, the fund-of-funds will make venture capital […]

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Capital Z Wraps Global Fund-of-Funds –

19 years ago

NEW YORK – Capital Z Partners Ltd. in January wrapped a $1.5 billion fund-of-funds the firm will use to help establish groups raising private equity and hedge funds around the world. Capital Z, like a growing number of L.P.s, believes the private equity world is becoming global and the time is now ripe to establish […]

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New Hambrecht Firm Auctions IPO Stocks –

19 years ago

SAN FRANCISCO – Imagine an initial public offering in which the company’s prospectus is posted on the Internet with a suggested price. Interested parties – drawn heavily from the general public – would read the document and make bids, submitting the number of shares they want and the price they are willing to pay. After […]

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Revamped HQ Fund Reaches First Close –

19 years ago

SAN FRANCISCO – Hambrecht & Quist’s Access Technology Partners fund in February reached a first close on $154 million, well over the $110 million target set last summer following a redesign of the fund. Managing Director Charlie Walker anticipated the vehicle reaching $220 million, far exceeding a $160 million cap. The fund-raising ceiling was raised […]

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Familiar Investors Support M/C Effort –

19 years ago

BOSTON – M/C Venture Partners, one of two new venture firms spun out of Media/Communications Partners, closed in January on $230 million. Although all limited partners had committed by early December, the firm held a two-part close – one in December and one in January – to allow some L.P.s to invest from their 1999 […]

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Brantley Anticipates March Fund Wrap –

19 years ago

CLEVELAND – Just as it closed the last new deal of its third fund, Brantley Venture Partners was gearing up for a second close on Fund IV. Brantley Venture Partners IV, a $125 million-targeted vehicle, will have a $90 million second close in February, said the firm’s Managing General Partner Robert Pinkas. The fund held […]

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