WELLESLEY, Mass. – Commonwealth Capital Ventures plans a February launch for the $225 million-targeted Commonwealth Capital Ventures III LP, which is expected to wrap in the second quarter, said Justin Perreault, a principal at the firm. The vehicle will back 25 to 35 early-stage communications, e-commerce and Internet software and services companies primarily in the […]
ARLINGTON, Va. – Friedman, Billings, Ramsey Group & Co. Inc. (FBR), a venture firm specializing in the Internet and other technology-related investments, has joined the ranks of American venture firms seeking a foothold in the European market. FBR announced in January a strategic alliance with Dawnay, Day Lander (DDL), one of the earliest United Kingdom […]
LONDON – As the online revolution gathers pace in Europe, the critical factor for e-commerce companies is no longer underlying enabling technologies but a global business model. Therefore, for e-business ventures, the ability to move rapidly into the United States market is virtually a prerequisite. InSight Capital Partners, an established U.S. venture and private equity […]
NEW YORK – Relying on relationships created through its secondary interest business, Pomona Capital recently held a $97 million first close on its second fund-of-funds. Launched last September, Pomona Partnership Holdings II received commitments from an investor group that includes BancBoston, Citigroup, Group Worms, Massachusetts Institute of Technology and Global Asset Management, among other institutions […]
EXTENSITY Emeryville, Calif. Went public 1/27/2000 at $20 apiece Filing Range: 4 mil. shares @ $14 to $16 Shares Outstanding: 22.8 mil. shares Underwriters: Deutsche Banc Alex. Brown Bear Stearns/Chase H&Q FINANCIALS (Data except per-share in $ thousands) Y/E Y/E 12/98 12/99 Total Revenue $112.7 $681.4 Net Loss -1103.2 -2488.9 Net Loss Per Share -8.25 […]
MENLO PARK, Calif./Boston – Spectrum Equity Investors backs seed- to late-stage communications and information product and service companies in North America and Europe (story, page 44). The firm’s $650 million Spectrum Equity Investors III LP, which launched in September 1998, held an initial close on $534 million in December, before wrapping in January 1999 well […]
BOSTON – Highland Capital Partners recently held a first and final close on its fifth venture capital fund, garnering $500 million in commitments from more than 25 limited partners. In conjunction with the close, the firm has begun to expand its staff with the promotions of Jo Tango and Sean Dalton to general partners. Dalton […]
MIAMI – Buyout firm H.I.G. Capital held a first and final close in January on its $250 million H.I.G. Venture Partners LP, which will back early-stage communications, Internet and information technology companies, said Tony Tamer, a managing director at the firm. Known for its management-led buyouts and recapitalization investments, H.I.G. formed the fund in response […]
WOODSIDE, Calif. – The Woodside Fund, an early-stage investor in Internet and telecommunications companies, is raising its fourth vehicle, the $125 million-targeted Woodside Fund IV. The vehicle had more than exceeded its $100 million target, just three months after its launch in September 1999. As a result, the firm was forced to increase the fund’s […]
NEW YORK – Impact Venture Management, a new venture firm founded by Adam Dell, recently held a $100 million close on Impact Venture Partners LP. Dell, a former partner at Crosspoint Venture Partners and the brother of Dell Computers’ Michael Dell, created the vehicle to back early-stage e-commerce business-to-business companies in the Northeast, a market […]