Category Archives: HedgeCo News

Axtive Corporation’s New Board Meets for the First Time

DALLAS–(BUSINESS WIRE)–June 4, 2003–Axtive Corporation (OTC:AXTV) announced the first meeting of its new Board of Directors. The Board, formed concurrently with Axtive’s recent capital raise andacquisition of ThinkSpark, Inc., has been expanded to include seven members. In addition to two […]

Pilot Software Secures $5 Million in Funding From Key Investors Including U.S. Trust; G-51 Capital; and J. Patrick Horner, Founder of Electronic Data Systems’ Government Systems Group and Perot Systems

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–June 4, 2003– Cash Flow Positive Status and Series a Financing Position Company to Aggressively Tap into $10 Billion Business Analytics Market Pilot(TM) Software, a leading provider of business analytics solutions, today announced that it has closed […]

Linux Enterprise Software Firm Scalix Secures Series A Round of $13.2 Million

PALO ALTO, Calif.–(BUSINESS WIRE)–June 4, 2003– Mayfield and New Enterprise Associates Demonstrate Strong Support of Company’s Unusual Blend of Talent, Technology and Opportunity Scalix Corporation today announced the close of a $13.2 million Series A financing round led by New […]

No Help Is in Sight For Florida Venture-Capital Program

Jun. 3–TAMPA, Fla.–High-tech start-up companies are strapped for cash, and venture capital investments are nearly kaput in Florida. Any help from the government would seem welcome. But it won’t come this year. A state program that would pump $75 million […]

Venture capital firms perform well

Irish-based venture capital firms raised 201 million in 2002, compared to 210 million during the previous year, according to a study published yesterday. The annual review of the Irish Venture Capital Association also shows Irish venture capitalists invested 105 million […]

Venture Capital Firm Makes Initial Investment from Sacramento, Calif., Office

Jun. 3–Two years after first exploring opportunities in the Sacramento region, a leading Silicon Valley venture capital firm has made its initial investment from its local office, cutting a dealwith a Chico startup. DFJ Frontier said Monday it is investing […]

Investment Adviser Report Shows Growing Number of Registered Hedge Fund Advisers

LAKEVILLE, Conn. (HedgeWorld.com) – The number of investment advisers that provide investment services to hedge funds or other pooled investment vehicles are on the rise, according to a recent studyfrom the Investment Counsel Association of America and National Regulatory Services. […]

Planitax Closes $7.5 Million in Funding to Expand Operations and Product Development; New Directors Add World-Class Tax Consulting and Enterprise Software Expertise

SAN FRANCISCO–(BUSINESS WIRE)–June 2, 2003–Planitax, Inc., an enterprise software and services provider that helps large, global companies lower taxes by improving planning, strategy andcompliance, today announced a $7.5 million first round investment led by Mobius Venture Capital. Other investors include […]

Venture Capital Flow Shrinks to Oregon Startups, Survey Finds

Jun. 2–The bullish stock market may suggest the economy is recovering, but nobody’s told venture capitalists. The amount of venture capital doled out to Oregon startups continued to shrink in the first quarter, according to the MoneyTree survey compiled by […]

Enabling ventures to move

THE National Information Technology Council (NITC) is working with relevant agencies to formulate new measures in enabling information and communications technology (ICT) ventures move along theentire funding supply chain. In addition to seed funding, the NITC believes that there must […]

Small business surfing

Internet Resources for Small Businesses: From Insurance to Venture Funds Here is a list of Web resources for small-business owners, compiled from online directories, Small Business Administration publications and the Business Journal’s archives. FINANCING [black square] www.abiworld.org Archive of more […]

Ibbotson Launches Hedge Fund Advisory Services

CHICAGO, June 2, 2003 (PRIMEZONE) — Ibbotson Associates, a leading provider of investment tools and knowledge, today launched a hedge fund advisory services department for financial intermediaries,including asset managers, insurance companies, registered investment advisors, brokers and private banks. The services […]