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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]