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 […]
MOUNTVILLE, Pa. – MapQuest.com Inc., an online mapping and destination information service provider, held an initial public offering May 4. The company offered 4.6 million shares at $15 apiece, above the $11 to $13 filing range. BancBoston Robertson Stephens, Thomas Weisel Partners L.L.C., U.S. Bancorp Piper Jaffray and Volpe Brown Whelan & Co. underwrote the […]
NEW YORK – Juno Online Services Inc., an Internet service provider, went public May 25. The company offered 6.5 million shares at $13, the top of its $11 to $13 filing range. Venture investors include D.E. Shaw Investment Group L.P. and Prospect Street Ventures. There were no selling shareholders. Salomon Smith Barney, Bear, Stearns & […]
SAN JOSE, Calif. – Brocade Communications Systems Inc., a company that develops and markets switches that allow simultaneous communication between computers and storage devices, went public May 24. The company offered 3.2 million shares at $19 apiece, above the $15 to $17 filing range. Morgan Stanley Dean Witter, BT Alex. Brown and Dain Rauscher Wessels […]