DALLAS–(BUSINESS WIRE)–Aug. 13, 2003–HO2 Partners, a Dallas-based technology venture capital firm, has obtained commitments for $1.7 million in additional funding to be used for future investmentsin its existing portfolio. Participation in the HO2 Annex Fund was restricted to HO2’s present limited partners.
According to Charles Humphreyson, HO2 General Partner, “The Annex Fund will support follow-on rounds in what we believe are some very promising companies.” Currently, HO2 has five companies in its portfolio: traq-wireless, based in Austin; CABC, GlobeRanger, InnerWireless and Voyence, all based in the Dallas area.
General partner Dan Owen added, “This additional capital is a great endorsement by our limited partners and a real vote of confidence in our portfolio companies.”
HO2 Partners (www.ho2.com) is a venture capital firm co-founded by Humphreyson and Owen to invest in early-stage technology ventures located primarily in the Dallas-Fort Worth area and other Texas cities. HO2 launched its first fund with $33.7 million in December, 1999.
