Staff Writer
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]