Firms & Funds

MENLO PARK, Calif. – Delphi Ventures at the end of October was set to begin raising Delphi Ventures V, targeted at $175 million to $200 million. The fund is expected to hold a first and final close in the first quarter of next year, said James Bochnowski, a general partner at the firm. Delphi Ventures […]
SAN FRANCISCO – Sofinnova Inc. at press time was preparing the launch of Sofinnova V as the firm’s fourth fund was nearing the end of its investment cycle. The new vehicle likely will target $150 million, more than twice the size of its predecessor, said Managing Director Mike Powell, who thought fund raising would begin […]
NEW YORK – The New York City Economic Development Corp. in September issued a request for proposals for a venture capital investment adviser and law firm to manage and structure the city’s newly created Emerging Industries Fund. The $25 million vehicle will provide equity and/or debt financing for small, fast-growing companies in the Big Apple, […]
PALO ALTO, Calif. – Communications Ventures at press time was slated to wrap its fourth fund – its third in two years – on $250 million. The firm also shortened its name to Com Ventures, in part to reflect a growing interest in Internet investments, said General Partner Roland Van der Meer. Com Ventures IV […]
ATLANTA – AirGate PCS Inc., a regional wireless carrier, went public September 28, offering 6.7 million shares of stock at $17 apiece. The company’s stock priced above its $14 to $16 filing range. Underwritten by Donaldson, Lufkin & Jenrette, Credit Suisse First Boston and The Robinson-Humphrey Co., the initial public offering left 11 million shares […]
SANTA ANA, Calif. – ACME Communications Inc., the owner and operator of nine broadcast television stations, went public September 30, offering 5 million shares at $23 apiece. The company’s stock priced well above its $19 to $21 filing range. Underwritten by Deutsche Banc Alex. Brown, Merrill Lynch & Co., Morgan Stanley Dean Witter and CIBC […]
OAKLAND, Calif. – Cybergold Inc., a provider of Internet-based direct marketing and advertising solutions, went public September 23, offering 5 million shares at $9 apiece. The company’s stock priced at the high end of its $7 to $9 filing range. Underwritten by SG Cowen, CIBC World Markets, Volpe Brown Whelan & Co. and E*OFFERING, the […]
SAN JOSE, Calif. – Alteon WebSystems Inc., a provider of Internet infrastructure solutions, went public September 24, offering 3 million shares at $19 apiece. The company’s stock priced at the high end of its $17 to $19 filing range. Underwritten by Lehman Brothers, BancBoston Robertson Stephens and Thomas Weisel Partners, the initial public offering left […]
PALO ALTO, Calif. – E.piphany Inc., a provider of software that enables companies to monitor customer relationships, went public September 22, offering 4 million shares at $16 apiece. The company’s stock priced at the high end of its $14 to $16 filing range. Underwritten by Credit Suisse First Boston, Hambrecht & Quist and Merrill Lynch […]
SANTA CLARA, Calif. – Active Software Inc., a supplier of software used to exchange information between incompatible applications, went public August 13, offering 3.5 million shares at $11 apiece. The company’s stock priced in the middle of its $10 to $12 filing range. Underwritten by Goldman, Sachs & Co., Lehman Brothers and Dain Rauscher Wessels, […]
vcj
vcj

Copyright PEI Media

Not for publication, email or dissemination