Firms & Funds

NEWTON, Mass. – Phase Forward Inc., a provider of Internet-based clinical trial data collection and management solutions, closed an $8 million second round of venture financing in early November. The lead investor was Sprout Group, which joined existing investors Atlas Venture and North Bridge Venture Partners. Sources declined to give details on the size of […]
BOSTON – The two venture firms recently spawned from Media/Communications Partners were well into their inaugural fund-raising efforts this winter, with M/C Venture Partners expecting to wrap a $250 million vehicle in December and Great Hill Partners anticipating a first and potentially final $300 million close in January. The six managing partners of Media/Communications split […]
MENLO PARK, Calif. – Menlo Ventures primarily invests in early-stage and emerging growth companies in the communications, software, Internet and health-care industries in the United States. The firm’s latest vehicle, Menlo Ventures VII, closed in 1996 at $250 million, bringing in a few new institutional investors, as it has with previous funds. Each fund typically […]
KIRKLAND, Wash./PORTLAND, Ore. – Olympic Venture Partners (OVP) in December tapped former Microsoft manager Bill Miller as the venture firm’s fourth general partner. Mr. Miller resigned from Microsoft in February 1998 with the intention of taking a year off, but Olympic partners persuaded him to accept the job sooner. Part of Olympic’s motivation for hiring […]
BLOOMINGTON, Minn./SAN FRANCISCO – St. Paul Venture Capital Inc. this fall created three more satellite funds based in Minnesota, Southern California, Pennsylvania and San Francisco. The medically focused vehicles, managed by investment professionals well known to St. Paul, give the venture firm access to very early-stage and very niched opportunities. (VCJ, December 1998, page 6). […]
WELLESLEY HILLS, Mass. – Network-1 Security Solutions Inc., a designer of software products that provide security for computer networks and their information resources, went public November 12, offering 1.7 million shares at $6 apiece. Stocks priced at the company’s proposed offer price. The initial public offering, which left 4.9 million shares of common stock outstanding, […]

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