Monthly Archives: June 2003
Raleigh, N.C., Semiconductor Materials Firm Gets $4 Million in Venture Capital
Jun. 13–RALEIGH, N.C.–Kyma Technologies, a semiconductor materials company, closed on $4 million in new venture capital this week and will add to its staff and production facilities by the end ofthe year. Kyma makes substrates, or wafers, of gallium nitride […]
Pragmatech Software of Amherst, Ohio, Raises Venture Capital Funding
Jun. 12–AMHERST, Ohio–Pragmatech Software has raised $12 million in venture capital funding, the company announced Wednesday, but it took a different path than many software companies. During the high-technology boom, when companies were taking seed money from venture capitalists and […]
NRS Releases AML Compliance Kit
LAKEVILLE, Conn. (HedgeWorld.com) – National Regulatory Services has released its own anti-money laundering compliance kit to help hedge funds and investment advisers keep up-to-date on the recentdevelopments in the pertinent Treasury, Securities and Exchange Commission and National Association of Securities […]
Innovacom Launches New Fund
SAN FRANCISCO, CA and PARIS — (MARKET WIRE) — 06/12/2003 — Innovacom, one of Europe’s leading early stage telecom and information technology venture capital firms, has completed a firstclosing of over 50 million euros on its new fund, Innovacom 5. […]
Innovacom Launches New Fund
Innovacom, one of Europe’s leading early stage telecom and information technology venture capital firms, has completed a first closing of over 50 million euros on its new fund, Innovacom 5. Investors participating in the first closing of Innovacom 5 include […]
UK banks lead pounds 2bn directories deal
THE ITALIAN telecoms firm Telecom Italia yesterday agreed to sell its majority stake in its directories business for just over EUR3bn (pounds 2.1bn) to a consortium of four venture capital firms. BC Partners, CVC Capital Partners, Permira and Investitori Associati […]
Venture Capitalists Wait Out SEC Probe
NEW YORK (AP) – A Securities and Exchange Commission probe of hedge fund practices could affect other private investment partnerships such as venture-capital and buyout funds. The year-old investigation was prompted by concerns about the incidence of fraud at hedge […]
Seed funding for tech-focused companies
THE Malaysian Venture Capital Management Bhd (Mavcap), a wholly owned subsidiary of the Finance Ministry, has committed RM200 million in seed funding for 70 technology-focused companies under itsCradle Investment Programme (CIP). Mavcap expects to commit RM60 million this year and […]
Venture Capitalists Wait Out SEC Probe
A Securities and Exchange Commission probe of hedge fund practices could affect other private investment partnerships such as venture-capital and buyout funds. The year-old investigation was prompted by concerns about the incidence of fraud at hedge funds and their growing […]
Local firm raises $10 mil. in new capital
In a venture capital market many entrepreneurs have left for dead, local technology upstart Sarvega Inc. will announce today that it raised $10 million in fresh capital. The second round of financing was led by InterWest, a prestigious VC firm […]
Colorado Entrepreneurs Hope to Tap Funds of Gun-Shy Investors
Jun. 11–There was a day when life for the entrepreneur seemed too good to be true, when it seemed like any idea scrawled on a cocktail napkin could find funding in 30 days. Today, gun-shy venture capitalists are more closely […]
Citco Adopts Richcourt as Fund Management Unit Name
NEW YORK (HedgeWorld.com) – Citco Group rebranded its hedge funds of funds operations as Richcourt Group, which previously was the name for just its funds. Richcourt Group, which manages US$1.2 billion, stands alongside Citco’s other major divisions, Citco Fund Services, […]