Category Archives: Venture Capital

Spock Closes $7M in Series A Funding from Clearstone and Opus Capital Ventures

Spock Closes $ 7M in Series A Funding from Clearstone and Opus Capital Ventures











Menlo Park, CA (PRWEB) December 20, 2006

Spock Networks, Inc., the world’s largest people search engine, today announced that the company has received $ 7 million in a Series A funding round from Clearstone Venture Partners and Opus Capital Ventures. Funds will be used to expand hiring, increase the company’s infrastructure and accelerate product development. The company further announced the election of William Quigley, managing director at Clearstone, Ken Elefant, general partner at Opus Capital Ventures, and Siva Kumar, serial entrepreneur and CEO of the TheFind.com, to its board of directors.

Spock is developing a new kind of search engine that helps users find and discover people. With over one hundred million individuals indexed and millions added every day, Spock is building the largest and most comprehensive people specific search engine. Spock expects to publicly launch in 2007.

“If you look at the top searches at Yahoo or Google today you will find people – Britney Spears, Brad Pitt, Angelina Jolie – always at the top of those lists – clearly demonstrating large user interest in searching for people,” said William Quigley, partner at Clearstone Venture Partners. “Companies like Google and Yahoo mastered web search, Amazon conquered product search, and we believe Spock is well-positioned to deliver a compelling solution for people search,” Quigley said.

“Everyone is curious about what is said about them online. Who hasn’t googled their own name or someone they know?” said Ken Elefant, general partner at Opus Capital Ventures. “We were incredibly impressed with the Spock team with their tremendous experience. We believe they are approaching the challenge of searching for people in a very different and powerful way that will set them apart from the current general market approach to people search.”

“Spock is excited to be working with both Clearstone and Opus Capital Ventures to further advance our product development and team building efforts,” said Jaideep Singh, CEO and co-founder of Spock Networks. “We have built an impressive team with years of experience in search. The additional funds will enable us to expand faster and dramatically increase the scale of our growing infrastructure.”

About Clearstone Venture Partners

Clearstone Venture Partners is an early stage venture capital firm with offices in Santa Monica, CA, Menlo Park, CA, and Mumbai, India. Clearstone was an early investor in such well known companies as PayPal, NetZero, Overture, and CarsDirect. The firm has $ 650 million under management and is investing in its third fund in seed and early stage companies in the United States and India.

About Opus Capital Ventures

Opus Capital Ventures is a venture capital firm with more than $ 1 billion capital under management, investing in committed, in high integrity, committed entrepreneurs, entrepreneurs building early-stage technology companies. The team has participated in the successful outcomes of more than 80 companies (including 50 IPOs) in the U.S. and in Israel including AirGate PCS, Electronics for Imaging, FedEx, Genesys, Harmonic, Precept Software and Vantive. Opus Capital Ventures is headquartered in Menlo Park, California. For more info, please visit http://www.opuscapitalventures.com.

About Spock Networks, Inc.

Spock – http://www.spock.com – is developing a search engine that helps users find and discover people. With over one hundred million people already indexed and millions added everyday, Spock is building the broadest and deepest people specific search engine. Spock expects to publicly launch in 2007. Founded by Jaideep Singh, formerly of Clearstone Venture Partners, and Jay Bhatti, formerly of Microsoft, the team has extensive experience in search from leading companies including Friendster, Netscape, Yahoo, and Microsoft. Spock has received over $ 8 million in investments to date from Clearstone Venture Partners and Opus Capital Ventures.

For inquiries please contact:

Todd Sawicki, VP of Marketing

Spock Networks, Inc.

650-234-0400

http://www.spock.com

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CapitalHunter.com Reports: Venture Capital Activity Still Strong With Over $363 Million Raised Nationally

CapitalHunter.com Reports: Venture Capital Activity Still Strong With Over $ 363 Million Raised Nationally










SAN DIEGO, CA (PRWEB) June 2, 2004

CapitalHunter.com identified that $ 363 million of venture capital was invested in 37 U.S.-based companies during this week’s reporting period. The average deal size was approximately $ 9.84 million. The amount of venture capital invested this period decreased by 22% over last week’s $ 468 million explosive performance. Visit http://www.capitalhunter.com for a two week free trial.

On Wall Street this reporting period seven IPO’s hit the trading floor: ACADIA Pharmaceuticals (http://www.acadia-pharm.com), Alnylam Pharmaceuticals (http://www.alnylam.com), AngioDynamics (http://www.angiodynamics.com), Critical Therapeutics (http://www.criticaltherapeutics.com), Genworth (http://www.genworth.com), Republic Airways Holdings (http://www.republicairways.com), and Standard Parking Corporation (http://www.standardparking.com)

Venture Capital Investments by Region

Geographically, 17 California companies raised $ 174.9 million in venture financings. The largest venture financing in California this period was into evalve, Inc. (http://www.evalveinc.com) for $ 35 million. evalve, Inc. is a Redwood City based company that designs, develops, manufactures and markets products which enable the endovascular repair of cardiac valves.

Venture Capital Investments by Sector

The software sector raised 29% of the venture capital this period. 16 software companies raised over $ 105 million in venture financing. The largest venture financing was by Itemfield, Inc. (http://www.itemfield.com) for $ 13.5 million. Itemfield, Inc. is headquartered in San Mateo, CA and is a provider of real-time, bi-directional, XML-based data transformation software.    

Venture Capital Investments by Round

Companies raising their Series B round led this week’s venture capital activity. Series B companies represented 36% of the total venture capital deployed this period. The largest Series B financing was into Tacit Networks, Inc. (http://www.tacitnetworks.com) for $ 16.9 million. Tacit Networks, Inc. is an innovator in enterprise-class wide area network (WAN)-based storage consolidation solutions.

Top Three Venture Capital Investments

The three largest venture deals this period are as follows:

1.    Altus Pharmaceuticals (http://www.altus.com)

2.    evalve

3.    Tacit Networks

Venture Capitalists funding the Top Three Deals

The following thirteen investors funded the above mentioned top three venture capital investments in excess of $ 102 million: ABS Ventures (http://www.absventures.com), Canaan Partners (http://www.canaan.com), CTTV Investments (http://www.chevrontexaco.com/technologyventures/), Cutlass Capital (http://www.cutlasscapital.com), Delphi, Guidant Corporation (http://www.guidant.com), JP Morgan Partners (http://www.jpmorgan.com/pages/jpmorgan/jpmorganpartners), New Enterprise Associates (http://www.nea.com), RRE Ventures (http://www.rreventures.com), SAS Investors (http://www.sasinvestors.com), St. Paul Venture Capital (http://www.spvc.com), Three Arch Partners (http://www.threearchpartners.com), Warburg Pincus (http://www.warburgpincus.com)

A total of 75 equity financings of private and public companies occurred during this reporting period. Each of the 75 equity financings are profiled in a weekly report which include venture financings, private placements, secondary offerings, PIPE’s, and IPO’s. Also available is access to over 30,000 other historic equity financings through the http://www.capitalhunter.com searchable database.

About CapitalHunter.com

CapitalHunter.com is a web-based financial information company that identifies and disseminates national data on venture capital and other equity financings.

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Venture Capital M&A Quarterly Report by VentureDeal

Venture Capital M&A Quarterly Report by VentureDeal










Menlo Park, CA (PRWEB) January 18, 2011

Venture capital database VentureDeal (http://www.VentureDeal.com) is pleased to announce the release of its complimentary Venture Capital M&A Quarterly report.

Covering the fourth quarter of 2010, the report provides a combination of notable venture capital M&A transactions involving VC-backed startups, insights into trends by industry sector and aggregated data tables.

In addition, the report contains year-to-date 2010 activity charts by industry, which are also downloadable separately.

Written by VentureDeal staff, the current report released for Q4 2010 may be found by clicking the link below:

Ï 2010, 4th Quarter – Venture Capital M&A Quarterly

http://www.venturedeal.com/Reports/Default.aspx

Organizations such as professional service firms, technology companies and venture capital firms derive benefit from new perspectives on industry trends, discovering new companies being acquired and which venture capital firms, angel groups, private equity firms and venture lenders provided the financing.

About VentureDeal:

VentureDeal is a venture capital database that provides comprehensive venture capital industry information for service firms, technology companies and venture capital companies. VentureDeal subscribers receive real-time information about U.S.-based companies being funded, acquired and going public, along with who is involved – down to the individual decision maker, company management and venture capital firm partner.

Don Jones

VentureDeal

21 Willow Rd., Suite #36

Menlo Park, CA 94025

T: 650.566.1268

F: 650.587.5476

djones (at) venturedeal (dot) com

http://www.VentureDeal.com

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Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Craig Allen Joins Funk Ventures as Venture Partner

Craig Allen Joins Funk Ventures as Venture Partner










Canoga Park, CA (PRWEB) November 12, 2004

Private equity and venture capital firm Funk Ventures today announced that Craig Allen has joined the firm’s venture capital business unit, Funk Ventures Capital Partners (“FVCP”), as Venture Partner. The announcement was made this morning by Funk Ventures CEO and Chairman Andy J. Funk.

Allen will provide advice and strategic insights into the interactive gaming market, which is the focus of a new FVCP venture fund, which the firm is currently establishing. Allen will work closely with Managing Partners Andy Funk and John Waller and assist with the fund’s interactive gaming portfolio companies.

“Craig is a key addition to our team and will provide the firm significant domain experience in an industry that we have been monitoring for years”, says Andy Funk. “His input on our portfolio investments will prove invaluable for our fund”.

Allen, who will continue to serve as CEO of Spark Unlimited, is known by his peers as one of the most dynamic and open-minded visionaries in the field. He currently manages a development crew of 65 individuals who have primarily developed game titles in the award winning Medal of Honor™ series. Spark has a multi-year, multi-title production deal to develop console games with video game Publisher Activision (NASD: ATVI) and is on schedule to release Call of Duty: Finest Hour™ this coming Thanksgiving. Call of Duty: Finest Hour is the latest installment in this award winning series which will be available for XBOX and Playstation 2 and is highly anticipated to be one of the top-selling games in 2005.

Allen was formerly the Executive Vice President of Jim Henson Interactive, where he was the primary creative architect behind The Jim Henson Company’s expanded digital media activities. He also spent six years at Disney Interactive focusing primarily on video games based on the company’s popular film and television properties and contributed to global corporate strategy as it related to the game industry.

About Funk Ventures

Funk Ventures is a multi-faceted private equity firm headquartered in Los Angeles, California. The firm’s business segments span from venture capital and investment banking to real estate and business services. The firm’s venture capital arm, which makes value-add investments in promising companies in the technology, interactive gaming and wellness markets, is complemented by an investment banking unit which provides access to outside capital to private and emerging companies. Funk Ventures also develops and invests in real estate and runs a business services unit that provides professional and advisory services to its clientele and portfolio companies.

For more information, visit http://www.funkventures.com or call (818) 716-0413. Funk Ventures is a registered trademark of Funk Ventures, Inc.

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Rydin.no – Venture Capital Firms and Ventures Directory

Rydin.no – Venture Capital Firms and Ventures Directory










(PRWEB) May 8, 2006

The Rydin.no directory is an easy-to-use, targeted resource for entrepreneurs and investors. It provides the most effective and affordable venture capital directory of its kind. You gain the power to find and contact the venture capital firms most likely to fund you according to a range of industries. Uncover detailed information on over 5500+ venture capital firms & investors worldwide. Several users have quoted “The site is full of information and tips about ventures, business plans and the venture capital market” Others quote: “Very affordable and helpful site where you get far more for your money”. and “A great help to entrepreneurs with little capital” There are a lot of tips on what should be included and avoided when trying to obtain venture capital funding.

Post a business plan and search their venture capital firms database. No costs.

Search the database of over 5500 venture capital firms for 2 months – only $ 10. In a very short time we plan to allow it for free!

Business entrepreneurs can by posting a description of their business plan, have it seen investors worldwide. If you don’t know how to write a business plan, there are sample business plan templates on the site. Rydin.no also provides professional business plan software that can be purchased along with other useful business software.

Investors and venture capital firms will find it to be an excellent way to evaluate hot sectors and trends, discover visionary CEO-s and help increase deal flow. You’ll be able to view the opportunities, and locate ventures right in your browser. By registering with the site and its diversified criteria’s, investors can save time and money by avoiding requests outside of their business preferences.

Rydin.no is owned and operated by Rydin Finans. Rydin.no is a site dedicated to help entrepreneurs worldwide in locating venture capital, as well as offering them a place to showcase their ventures. The site was created to improve the information flow and deal making between Venture capital firms – Private Investors – Angels and Business Entrepreneurs looking for venture capital or investment possibilities. Rydin.no aims to be the worlds free leading venture capital site.

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CapitalHunter.com Reports – Venture Capital Activity Hits High Water Mark of Q2 2004 With Over $582 Million in Investments

CapitalHunter.com Reports – Venture Capital Activity Hits High Water Mark of Q2 2004 With Over $ 582 Million in Investments










SAN DIEGO, CA (PRWEB) June 22, 2004

The six IPO’s this reporting period are as follows: Infosonics, Metabasis Therapeutics, Radiation Therapy Services, Blackboard, Leadis Technology, and ADESA. For a full graphical analysis go to http://www.capitalhunter.com/weeklyreport.asp

Venture Capital Investments by Region

Geographically, 16 California companies raised $ 264.23 million in venture financings. The largest venture financing in California this period went into Mahi Networks for $ 70.1 million. Mahi Networks is a Petaluma based company that develops an optical transport switch router and solutions to simplify metropolitan communications infrastructure.

Venture Capital Investments by Sector

The software sector raised 45% of the venture capital this period. Thirteen software companies raised over $ 256.88 million in venture financing. The largest venture financing was by RiskMetrics, which provides financial analytics and wealth management solutions.    

Venture Capital Investments by Round

Companies raising their later rounds led this week’s venture capital activity. Later stage companies represented 57% of the total venture capital deployed this period. The largest later stage financing was a recapitalization of RiskMetrics.

Top Three Venture Capital Investments

The three largest venture deals this period are as follows:

1.    RiskMetrics

2.    Mahi Networks

3.    INFONXX

Venture Capitalists funding the Top Three Deals

The following eight investors funded the above mentioned top three venture capital investments for over $ 236.1 million: General Atlantic Partners, Jerusalem Venture Partners, Meritech Capital Partners, Oak Investment Partners, Rho Capital Partners, Spectrum Equity Investors, St. Paul Venture Capital, and Technology Crossover Ventures.

About CapitalHunter.com

CapitalHunter.com is a financial information service company that collects and disseminates data on investors and their corresponding equity financings. A total of 78 worldwide equity financings of private and public companies occurred during this reporting period. Each of the 78 equity financings are profiled in a weekly report which include venture financings, private placements, secondary offerings, PIPE’s, and IPO’s. Also available is access to over 30,000 other historic equity financings through the http://www.capitalhunter.com searchable database.

Sign up before June 20th and receive 50% off, only $ 9.99 monthly or $ 99 for a year’s subscription. Go to http://www.capitalhunter.com and use sales code FREEBIE for this choice opportunity.

Company & Investor Website Links

http://www.infosonics.com , http://www.metabasistherapeutics.com , http://www.blackboard.com , http://www.leadis.com , http://www.edesa.com , http://www.tcv.com , http://www.stpaulovc.com , http://www.spectrumequity.com , http://www.rho.com , http://www.oakinv.com , http://www.meritechcapital.com , http://www.jvpvc.com , http://www.gapartners.com , http://www.infonxx.com , http://www.mahinetworks.com , http://www.creditmanager.com , http://www.21stcenturyoncology.com

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John Waller joins Funk Ventures as Managing Partner

John Waller joins Funk Ventures as Managing Partner










Canoga Park, CA (PRWEB) November 11, 2004

Private equity and venture capital firm Funk Ventures today announced that John Waller has joined the general partnership of the firm’s venture capital business unit, Funk Ventures Capital Partners (“FVCP”). The announcement was made by Andy J. Funk, CEO and Chairman of Funk Ventures.

Waller, who will carry the title of Managing Partner, has a solid track record as a successful investor, entrepreneur and senior executive and brings to Funk Ventures the proven ability to establish, grow and lead multi-million dollar corporations and investments. With special expertise in recognizing and developing opportunities, managing business growth, building management teams and managing cash flows, Waller adds significant value to the firm’s investments and portfolio companies.

“We are extremely excited to have John join our team”, says Andy Funk, who will head up the firm’s new interactive gaming venture fund with Waller. “John’s experience as an entrepreneur and investor is unparalleled. He has sat on both sides of the negotiating table and closely resembles our value-add investment philosophy”.

Best known as having founded Interactive Imaginations in 1994, which he served as President, he established one of the world’s most successful web advertising firms, which became the predecessor to 24/7 Media (NASDAQ: TFSM). Waller grew the firm to over 120 employees and was instrumental in raising more than $ 40 million in venture capital from sources such as General Electric and Travelers Insurance.

Waller also co-founded Resume.com in 1999 and helped build the company from a three-person startup into a multi-million dollar business, and successfully negotiated the sale of the company to Adecoo SA in 2003.

As an investor, Waller has conducted highly successful incubations and investments in early stage technology firms. Acting as both a passive and active investor, Waller has invested in and launched companies such as Atlantic Venture Partners (predecessor to Draper Fisher Jurvetson Gotham), Banter, Live Planet, One World Distribution, Urchin and VenCatalyst.

About Funk Ventures

Funk Ventures is a multi-faceted private equity firm headquartered in Los Angeles, California. The firm’s business segments span from venture capital and investment banking to real estate and business services. The firm’s venture capital arm, which makes value-add investments in promising companies in the technology, interactive gaming and wellness markets, is complemented by an investment banking unit which provides access to outside capital to private and emerging companies. Funk Ventures also develops and invests in real estate and runs a business services unit that provides professional and advisory services to its clientele and portfolio companies. For more information, visit http://www.funkventures.com or call (818) 716-0413. Funk Ventures is a registered trademark of Funk Ventures, Inc.

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Venture Capital Consulting Launches to Provide Preparation and Consultation Services for Technology Companies Seeking Angel Investment

Venture Capital Consulting Launches to Provide Preparation and Consultation Services for Technology Companies Seeking Angel Investment











SANTA MONICA, CA (PRWEB) December 4, 2006

Not knowing how to package and market ideas to the venture capital community can slow growth and the execution of strategic initiatives. A new company, Venture Capital Consulting (VCC), has been created to assist entrepreneurs in the technology industry with securing funds for start-up businesses.

Todd Shoemack, president and CEO of Venture Capital Consulting, said, “I decided to begin offering this service because a lot of entrepreneurs have great ideas and good companies but are not familiar with the needs and complexities of attaining venture capital. The quest for venture capital funding is very complex and VCC can be a tremendous asset in assisting companies to attain those funds.”

Venture Capital Consulting begins by assessing the needs of its clients. Once VCC has conducted a comprehensive analysis, the company develops an action plan for the customer. VCC assists in strategy building, image and content creation and the development of presentation skills. Once the client is ready, Mr. Shoemack acts as a marketing and sales director to venture capital financing sources.

“At Venture Capital Consulting we will assist you in packaging your business technology or industry innovation into a coherent, strategic, focused and professional presentation to the venture capital, angel investor and small business financing community,” Shoemack said.

About Todd Shoemack

Todd Shoemack, president and CEO of Venture Capital Consulting, has over 20 years of experience in the technology sector. His experience ranges from closing multi-million dollar deals to executing strategic initiatives for major technology companies including Intel Corporation, LEXISNEXIS and Computer Associates. His emphasis is on understanding complex business issues as they relate to closing business-to-business deals.

About Venture Capital Consulting

Venture Capital Consulting (http://www.allvcc.com) headquartered in Southern California, offers venture capital preparation and consultation services to entrepreneurs in the technology space. The company acts as a strategic consultant in the overall design and implementation of new businesses or business concepts. Venture Capital Consulting focuses on angel and early stage companies across a broad spectrum of technologies. For more information, please contact:

Todd Shoemack

Venture Capital Consulting

888-433-3052

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CapitalHunter.com Reports – Venture Capital Activity Declines 29% Following the Holiday Weekend

CapitalHunter.com Reports – Venture Capital Activity Declines 29% Following the Holiday Weekend










SAN DIEGO, CA (PRWEB) June 8, 2004

CapitalHunter.com identified that $ 260 million of venture capital was invested in 21 U.S.-based companies during this week’s reporting period. The average deal size was approximately $ 12.38 million. The amount of venture capital invested this period decreased by 29% over last week’s $ 363 million. For a full graphical analysis go to http://www.capitalhunter.com/weeklyreport.html

The two IPO’s this reporting period are: Global Signal, Inc. and Inhibitex, Inc.

Venture Capital Investments by Region

Geographically, 10 California companies raised $ 167.3 million in venture financings. The largest venture financing in California this period went into ARYx Therapeutics, Inc. for $ 55 million. ARYx Therapeutics, Inc. is a Santa Clara based company that develops new pharmaceuticals based on its retrometabolic design platform to engineer safer drugs within multiple therapeutic areas.

Venture Capital Investments by Sector

The biotechnology sector raised 33% of the venture capital this period. 4 biotechnology companies raised over $ 86 million in venture financing. The largest venture financing was by ARYx Therapeutics, Inc.

Venture Capital Investments by Round

Companies raising their later stage rounds led this week’s venture capital activity. Later stage companies represented 53% of the total venture capital deployed this period. The largest later stage financing went into ARYx Therapeutics, Inc.

Top Three Venture Capital Investments

The three largest venture deals this period are as follows:

1.    ARYx Therapeutics

2.    Pay By Touch

3.    AmberWave Systems

Venture Capitalists funding the Top Three Deals

The following seventeen investors funded the above mentioned top three venture capital investments for a total of $ 101 million: 3i Group, Adams Capital, ARCH Venture Partners, ATEL Ventures, Gordon P Getty Family Trust, Itochu Corp, JAFCO America Ventures, Merlin BioMed Group, Mobius Venture Capital, Montreux Equity Partners, MPM Capital L.P., Nomura Phase4 Ventures, Novel Bioventures, OrbiMed Advisors, Scottish Widows Investment Partnership, TeleSoft Ventures, and The Hillman Company.

A total of 36 equity financings of private and public companies occurred during this reporting period. Each of the 36 equity financings are profiled in a weekly report which include venture financings, private placements, secondary offerings, PIPE’s, and IPO’s.

About CapitalHunter.com

CapitalHunter.com is a financial information service company that collects and disseminates data on investors and their corresponding equity financings. Also available is access to over 30,000 other historic equity financings through the http://www.capitalhunter.com searchable database.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.