PALO ALTO, Calif. – Communications Ventures at press time was slated to wrap its fourth fund – its third in two years – on $250 million. The firm also shortened its name to Com Ventures, in part to reflect a growing interest in Internet investments, said General Partner Roland Van der Meer. Com Ventures IV […]
BOSTON – Charles River Ventures in July promoted Senior Associates Jonathan Guerster and Izhar Armony to principals, increasing the firm’s senior-level staff to five members. The two men began working at Charles River in the summer of 1997, each leading numerous deals in his respective area of expertise. Guerster led and managed many investments in […]
WELLESLEY, Mass./SAN MATEO, Calif. – Richard McGlinchy, well known in the field of high-tech marketing, joined Battery Ventures as a partner in September, following a 15- year relationship with the firm as a public relations and marketing consultant for its portfolio companies. “We wanted someone associated with our firm who is a pro [in] positioning […]
LONDON – BancBoston Robertson Stephens in September revealed plans to capitalize on the rapid growth of initial public offering activity in Europe’s German-speaking markets by opening its first continental office in Munich in January. As a major cluster center for leading-edge companies in both information technology and life sciences, Munich is a logical location. BancBoston […]
LONDON – The London Stock Exchange (LSE), in what is widely seen as a defensive move to counter competition from EASDAQ, Nasdaq and Euro.NM, recently unveiled techMARK, a new market for technology companies. Speculation that the LSE was to shortly launch a separate technology stock market began circulating during the summer, at which time some […]
LONDON – This year may be remembered as the year when the European private equity pendulum swung away from the mega-deal and toward the middle market. Deterred by brutal levels of competition and the specter of diminishing returns from larger buyouts, private equity fund managers and institutional investors alike are evincing an increased appetite for […]
NEW YORK – InSight Capital Partners invests in early- to late-stage business-to-business e-commerce companies throughout the United States and Europe. The firm’s $300 million Insight Capital Partners III L.P. held a first close on $240 million in June and a final close in August. Some 25% of the fund already is invested or committed, and […]
Soon after raising a $3 million first round of venture capital financing in April from Bessemer Venture Partners and EnerTech Capital Partners, the managers of Essential.com already were gearing up for their Series B round. But this time, the business-to-consumer Internet retailer traveled beyond equity and seized the opportunity to combine equity with debt financing. […]
CINCINNATI – Founded in 1994, River Cities Capital Funds primarily invests in early- to expansion-stage Internet, software, health-care, telecommunications, manufacturing and services companies, mostly in the Midwest and Southeastern United States. Some 20% of River Cities Capital Fund II, which closed on $100 million in August 1998, already is invested, said Murray Wilson, a principal […]
PALO ALTO, Calif. – Summit Partners promoted two investment professionals late last summer and is in the market for additional Internet/e-commerce specialists in its Silicon Valley and Boston offices, said Managing Partner Greg Avis. Walter Kortschak was elevated to managing partner from general partner and Peter Chung was promoted to general partner from principal. Kortschak […]