Monthly Archives: May 2003
Acopia Networks Raises $30 Million in Series B Financing; Round led by STAR Ventures and St. Paul Venture Capital, and Includes Charles River Ventures and Accel Partners
CHELMSFORD, Mass.–(BUSINESS WIRE)–May 21, 2003–Acopia Networks, Inc., a developer of unique Adaptive Resource Networking products, today announced that the company has closed $30 million inadditional funding. This Series B financing brings the total capital raised to over $40 million and […]
Strongbow offers hedge fund
Strongbow Capital Management has launched a shareholder activist hedge fund, Strongbow Capital Ltd. The $18.8 million fund will use a twin-pillar investment strategy of purchasing large blocks of shares in deeply undervalued companies along with an aggressive pursuit of shareholder […]
St. Louis Post-Dispatch David Nicklaus Column
May 21–Bob Lozano raised millions of dollars for his first company, Paylinx Corp., during the Internet boom. Times have changed, but he’s not too worried about funding his second venture, TsunamiResearch. Lozano is one of 20 entrepreneurs who are going, […]
NFR Security Taps New Chief, Acquires $7.5 Million Infusion
NFR Security Inc. plans to announce today a new round of venture capital funding and a new chief executive to lead a sales and marketing expansion effort at the Rockville software firm. Neil Selvin, a former Silicon Valley technology executive […]
Mice ready to move on acquisitions
Nuneaton-based exhibitions and conferences goup Mice Group, yesterday said it was close to securing pounds 80 million in new banking facilities from Barclays Bank which it will use to makeacquisitions. Some of the funds raised may be used to buy […]
Media: The road back from hell will be paved with good inventions
When will the investment money come back? That is the question I have been asked most often by producers, software designers and content creators since the tech bubble not only burst but wasconsigned to the ninth circle of hell – […]
Zenit Launches Bucephale-Managed Fund of Funds in Italy
MILAN, Italy (HedgeWorld.com) – The first hedge fund of funds to be offered at a lower investment minimum in Italy was launched on May 19 by Zenit Alternative Investments SGR, which hired BucephaleGroup as investment adviser. Zenit will launch a […]
St. Paul, Minn., Electronic-Ordering Firm Gets New Venture Capital
May 20–SPS Commerce, a St. Paul company that helps retailers and distributors do business with small suppliers via the Web, said Monday that venture capitalists were giving it $18 million to expandand acquire competitors. The financing from eight venture capital […]
Bank Links Ex-Pharmacia Scientists With VC Funds
KALAMAZOO – National City Corp. has joined the campaign to keep exPharmacia employees in Michigan. The bank has rounded up eight members of its national network of venture capital funds to create a multi-million dollar pool of capital for former […]
Tech mavens say quarter good for venture capital
Venture capital investment for the first quarter here looks pretty decent to some tech mavens, despite the fact that Illinois lags substantially behind other regions of country. Illinois companies only attracted 3.2 percent of the total investment pie, according to […]
Key Gains Distribution through Papamarkou
NEW YORK (HedgeWorld.com) – Key Asset Management has formed a strategic alliance with New York-based manager Papamarkou Asset Management, which provides investments services to high-net-worthindividuals and families, endowments and foundations, pension funds and trusts. At the same time, Key Asset […]
iLumin Announces Wachovia Strategic Ventures as New Investor
iLumin Software Services, Inc., today announced it completed its Series A round of financing with an investment from Wachovia Strategic Ventures. Other Series A investors include DB Capital Venture Partners, MidOcean Partners, Rock Creek Capital and Softbank. The investment amount […]