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 […]
NEW YORK/TORONTO – Chase Capital Partners and Canadian buyout firm Harrowston Inc. late last summer added some formality to their working relationship, each agreeing to put up C$100 million ($68.13 million) to invest in the country’s growth-stage private companies, as well as buyouts and recapitalizations. Having worked together for a decade on several industrial buyouts, […]
NEW YORK – Red kidney beans are revolutionizing the Internet in a form of on-line currency known as beenz. While the concept is not entirely new, The Beenz Co. Inc. hopes to stand out by creating an open-ended currency that, unlike its competitors, can be used around the globe. Since beenz.com launched its Web site […]
LOS ANGELES – Zone Ventures late last summer promoted Associate Darius Sankey to partner as the firm prepared to wrap its second fund in early November. Zone hired Sankey, who had worked as an adviser to companies seeking venture capital, in February. He previously held positions at information-technology companies including Portland Software, AT&T Solutions and […]
BOSTON – Highland Capital Partners in September promoted General Partner Daniel Nova to managing general partner and Senior Associate Sean Dalton to principal. The promotions do not change the two men’s responsibilities but were made to recognize how much they had grown at the firm in their areas of expertise, said Paul Mader, a managing […]
While the average public market investor day dreams about each month’s hot new initial public offering, savvy private equity investors are turning to a different type of opportunity – taking public companies private. For some companies, conditions in the public equity markets have never been better. But at the lower end of the Russell 2000 […]
To Christopher Gabrieli, a general partner at Bessemer Venture Partners, the income of venture capitalists is an interesting, but sensitive, subject. He says his firm has always believed in a flat compensation structure, but he won’t spell out Bessemer’s exact division of the spoils. Venture capitalists, like almost everyone else, are curious to know how […]
WESTPORT, Conn. – Corporate venture investor internet.com Corp. in April launched a $20 million second fund, which is expected to close at the end of October. The company plans to invest internet.com Venture Fund II L.L.C., in about 30 to 50 companies, with each investment ranging between $100,000 and $1 million, said Alan Meckler, internet.com […]