Granite Ventures related stories
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Grid2Home Closes Second RoundSan Diego-based Grid2Home has closed a second round of financing led by Granite Ventures. The communications software company is focused on “Smart Grid” connectivity technologies. Details of the financing were not released. The money will be used to take Grid2Home’s software into production.
- Grid2Home Closes Second Round
San Diego-based Grid2Home has closed a second round of financing led by Granite Ventures. The communications software company is focused on “Smart Grid” connectivity technologies. Details of the financing were not released. The money will be used to take Grid2Home’s software into production.
- Orbach Q&A: Strategics, VCs Drive Cloud Tech Surge
Michael Orbach is managing director at Cascadia Capital, a Seattle investment bank that advises on M&A and growth equity financing. Orbach runs the information technology practice at Cascadia. He took some time to speak with me by phone yesterday on the growth of cloud technology.
- Orbach Q&A: Strategics, VCs Drive Cloud Tech Surge
Michael Orbach is managing director at Cascadia Capital, a Seattle investment bank that advises on M&A and growth equity financing. Orbach runs the information technology practice at Cascadia. He took some time to speak with me by phone yesterday on the growth of cloud technology.
- Personal Trading of Shares by VCs on Secondary Exchanges Raises Concerns of Conflicts of Interest
The trading of private company shares in the personal accounts of venture capitalists is raising concerns over potential conflicts of interest for firms as the influence of secondary market exchanges continues to grow. Numerous venture firms permit employees' trading in secondary market shares with some limitations, including Lightspeed Venture Partners, Bessemer Venture Partners, YCombinator, Matrix Partners, Founder Collective, Blackberry Partners Fund, Volition Capital and Rho Ventures, according to a peHUB investigation into the practice. Others -- which appear far fewer in number -- such as Flybridge Capital Partners, block the practice with policies demanding general partners hold no secondary securities. Many more VC firms refused to comment at all, when peHUB contacted senior partners. (How do you feel about this issue? Take our poll at the end of this story.) Sources at firms willing to acknowledge they prohibit GPs from making secondary market investments cited conflict of interest concerns when asked by peHUB.com.
- Auditude Inks $11M Series B Round
Auditude, a developer of advertising technology for IP video, has inked $11 million in Series B financing. Granite Ventures led the round, which included participation from new investor Silicon Valley Bank, and existing investors Greylock Partners and Redpoint Ventures. Jeremy Helfand, a former president of United Online Media Group, joins Auditude as CEO.
- Pelican Imaging Closes $10 Million Funding Round
Mountain View, Calif.-based Pelican Imaging has raised $10 million in a second round of venture capital financing led by Globespan Capital Partners. San Francisco-based Granite Ventures; Menlo Park, Calif.-based InterWest Partners; and Arlington, Virginia-based In-Q-Tel also participated. Pelican Imaging, which focuses on smart phone camera technology, raised a $7 million Series A round of financing in 2009. Globespan has offices in Palo Alto, Boston and Tokyo.
- Week in deals, Sept. 20, 2010
Summary of tech companies and other startups in North America that raised venture financing in the past week