DALLAS – CenterPoint Venture Partners invests in early-stage high technology companies mostly in the Southwestern United States.
Since its founding in October 1996, CenterPoint has raised two funds: the $50 million CenterPoint Venture Fund I, which has made 14 investments and is completely invested or committed, and CenterPoint Venture Fund II, which held a final close in June on $100 million.
To date, about $2 million of the second fund has been invested, and the firm expects to invest the remaining $98 million in about 18 companies in the next two and a half years, said Robert Paluck, CenterPoint’s managing general partner.
CenterPoint usually invests about $6 million in each of its portfolio companies, typically over two or three rounds of financing. The firm focuses on telecommunications, Internet, business-to-business and consumer e-commerce, application software and semiconductor markets.
All limited partners returned for Fund II – Rho Management, Horsley Bridge Partners, the Stevens Group, J.F. Shea, Miami Corp. and a handful of high-net-worth individuals – invested in the second fund.
The firm’s investment staff consists of Paluck and partners Terry Rock and Kent Fucka.
The following is selection of CenterPoint’s portfolio companies:
Active Power Inc. (Austin, Texas) is a developer of kinetic energy storage products.
Co-investors include SSM Ventures, Austin Ventures and Advent International.
Applied Science Fiction Inc. (Austin, Texas) is a developer of direct-to-digital photo imaging products.
Co-investors include Sevin Rosen Funds, InterWest Partners, Technology Crossover Ventures, Amerindo Investment Advisors, J.W. Seligman & Co., Triton Ventures, Hambrecht & Quist California and Sculley Brothers.
Chorum Technologies Inc. (Richardson, Texas) is a designer, manufacturer and marketer of optical communications products for the telecommunications and data networking industries.
ComSpace Corp. (Irving, Texas) is a licensor of an advanced radio communications technology that increases the amount of voice and data traffic that can be carried on an existing radio channel.
Co-investors include Sevin Rosen Funds, Star Ventures, Rho Management, Hunt Financial Corp., Noro-Moseley Partners and Broadband Venture Partners.
Knowledge Discovery One Inc. (Austin, Texas) is a provider of applications services software for retailers.
Austin Ventures, InterWest Partners and Phillips-Smith Specialty Retail Group are co-investors.
Object Reservoir Inc. (Austin, Texas) is a software company that develops advanced simulation tools to assist energy companies in managing their underground petroleum reservoirs.
Co-investors include Sevin Rosen Funds, U.S. Venture Partners and Roser Ventures.
Silicon Laboratories Inc. (Austin, Texas) is a semiconductor company specializing in the design, manufacturing and marketing of mixed-signal integrated circuits, which serve as the link between the digital world of computers and real world signals-light, sound, temperature and pressure.
Austin Ventures and KLM Capital Partners are co-investors.
CenterPoint is located at Two Galleria Tower 13455 Noel Road, Suite 1670, Dallas, Texas 75240, tel. (972) 702-1101, fax. (972) 702-1103; and 8920 Business Park Drive, Suite 100, Austin, Texas 78759-7405, tel. (512) 231-1670, fax. (512) 651-6266.