HAMBURG, Germany/PALO ALTO, Calif. – Earlybird Venture Capital L.L.C. expects a December initial close on $75 million to $100 million for its inaugural fund, which is capped at $200 million. The new venture firm was created in October following the merger between German venture firm Earlybird Venture Capital GmbH & Co KG and California-based Veritas […]
MENLO PARK, Calif. – Redpoint Ventures and Palladium Venture Capital, the two venture firms that emerged last summer following a restructuring of Brentwood Venture Capital and Institutional Venture Partners, completed fund raising for their inaugural funds. Redpoint, the information-technology group that initially operated under the code-name T-Rex, in mid-October closed on $600 million for its […]
SEATTLE – Tom Alberg and his colleagues at Madrona Investment Group reached a first close in late October on their first fund, Madrona Venture Partners, which is expected to wrap in December. The vehicle targets $150 million to $200 million and will invest in early-stage information-technology and communications companies, including Internet, software and wireless enterprises, […]
SEATTLE/TACOMA, Wash. – Alexander Hutton, a boutique investment bank specializing in private equity and mergers and acquisitions, launched its first venture capital fund this fall, seeking $100 million. The vehicle, Alexander Hutton Venture Partners L.P., will invest predominantly in information technology and health-care infrastructure companies in the Northwestern United States, said Chairman and Managing Director […]
NEW YORK – Are you sitting down? Venture capitalists might have been too preoccupied closing hefty deals to keep tabs on everyone else’s investments, but the industry put to work an unprecedented amount of capital in the third quarter of this year: $12.98 billion. Add on the other two quarters, and VCs invested $28.78 billion […]
ATLANTA/CHEVY CHASE, Md. – Kinetic Ventures in November launched its Utility Competitive Advantage Fund II, targeted at $150 million. The firm focuses on segments of the market that are critical to the once monopolistic utility industry as it goes through government deregulation and is forced to face the challenges of an open and competitive marketplace, […]
CHICAGO – Apex Investment Partners expected a $160 million final close in December for Apex Investment Fund IV, following a $157 million fourth close one month earlier, said George Middlemas, a managing general partner at the firm. Apex launched the $100 million-targeted fund in September 1998 (VCJ, October 1998, page 17), holding a first close […]
LACEY, Wash. – Illuminet Holdings Inc., a provider of Signaling System 7 network services to telecommunications carriers, went public October 8, offering 3.9 million shares at $19 apiece. The company’s stock priced at the high end of its $17 to $19 filing range. Underwritten by Morgan Stanley Dean Witter, BancBoston Robertson Stephens and Donaldson, Lufkin […]
PARIS – Viventures Partners invests in seed- to early-stage Internet, information technology, engineering and telecommunications companies in the United States and Europe. The firm in May wrapped its inaugural fund, the $120 million Viventures Partners, which was launched in January 1998 and held an initial close on $85 million in November 1998. Viventures decided to […]
PALO ALTO, Calif. – Infinity Capital closed its inaugural vehicle, Infinity Capital Fund 1999, at its $200 million cap in late October, and the firm expected to close a $7.5 million affiliates fund shortly thereafter. Infinity founders Virginia Tureyzn and Sam Lee launched Infinity Capital Fund 1999 late last summer with a $150 million target, […]