BOULDER, Colo. – Roser Ventures L.L.C. focuses on software and Internet companies mainly in the Rocky Mountain region, but the firm also invests in a broad range of industries throughout the United States.
Founded in 1987, Roser Ventures currently is investing The Roser Partnership III, SBIC, Ltd., which closed on $52 million in May. The fund will back 15 to 20 companies with individual investments ranging between $250,000 and $3 million and typical deals averaging $2 million. At press time, the firm had made investments totaling about $4.4 million. The fund is expected to be completely invested or committed in the next two years, said Alan Valenti, chief financial officer at Roser Ventures.
The fund is leveraged two-to-one by the Small Business Administration through its Small Business Investment Company program.
Roser Ventures invested in 10 companies with its previous fund, The Roser Partnership III, which closed on $21 million in 1997. Halfway through the fund’s investment cycle, the firm received approval from the Federal government to start up its SBIC and committed the remaining capital from Fund III to its latest fund.
Roser Ventures usually backs early-stage companies, and although the firm is the lead investor in a majority of its deals, Roser never invests alone.
The firm’s limited partners consist of both institutional investors and high-net-worth individuals, most of whom returned for the fourth vehicle.
The three principals of the firm are James Roser, Christopher Roser and Philip Dignan.
Roser Ventures expects to raise its fifth fund in the second half of 2001, Valenti said.
Following are some of Roser Ventures portfolio companies:
Carrier Access Corp. (Boulder, Colo.), a provider of Multi-service Digital Access equipment to telecommunications carriers, including local exchange carriers. The company also provides equipment to wireless carriers and Internet service providers.
Co-investors included Needham Capital Management.
ConferTechInternational (Westminster, Colo.) is a multimedia teleconferencing company.
Evergreen Wireless (Denver) is a Denver radio operator with plans to purchase, construct and market a new station.
Ischemia Technologies Inc. (Denver) is a medical diagnostic company that targets the detection of ischemia.
Sequel Venture Partners and Quest International were co-investors.
Laser Technology West (Colorado Springs, Colo.) manufactures diamond wire and diamond wire saws for precision cutting.
Marketscape Inc. (Colorado Springs, Colo.) produces software and other products that allow owners of Web sites to convert their Web content to CD-ROM and send it to targeted parties.
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 included US Venture Partners, Sevin Rosen Funds, CenterPoint Venture Partners and Stanford University.
Qualchem Inc. (Arvada, Colo.) manufactures high concentrate molybdenum using a chemical process developed by the company.
QualMark Corp. (Denver) designs, manufactures and markets proprietary systems that expose product quality and reliability.
Colorado Venture Management and Wolf Ventures were co-investors.
Sienna Imaging Inc. (Englewood, Colo.) manufactures high-speed digital imaging and digital printing technologies.
Co-investors included Colorado Venture Management and Wolf Ventures.
Roser Ventures is located at 1105 Spruce Street, Boulder, Colo., 80302, tel: (303) 443-6436, fax: (303) 443-1885. The firm’s Web site may be found at www.roserventures.com.