Trinity Ventures related stories
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peHUB Wire: Tuesday, June 1, 2010Random Ramblings
- peHUB Wire: Tuesday, June 1, 2010
Random Ramblings
Playing the Flash CardWith flash memory prices declining, VCs are wagering the technology will be a major force in data centers and the enterprise
- Tim McAdam Leaving Trinity Ventures for TCV
Tim McAdam is stepping down as a general partner with Trinity Ventures in order to join Technology Crossover Ventures, peHUB has learned. He had joined Trinity in 2000, after spending time at both GTCR and TA Associates. "Our investment strategy has been moving more and more early-stage over the past year or so, whereas Tim's more aligned with later-stage," explains Larry Orr, a general partner with Trinity. "So we agreed earlier this year that he'd begin looking for other platforms." Orr added that the departure will not affect Trinity's general partnership structure, and that the firm so far has committed approximately $300 million of its tenth fund (closed early last year).
- ServiceMax Raises $8 Million
ServiceMax, a Santa Clara, Calif.-based provider of field service management solutions via the cloud, has raised $8 million in Series B funding. Trinity Ventures led the round, and was joined by return backers Emergence Capital and Salesforce.com.
- Avaak Raises $10 Million
Avaak, a San Diego-based provider of ultra low power wireless video networking technology, has raised $10 million in Series B funding. Qualcomm led the round, and was joined by return backers Trinity Ventures, InterWest Partners and Leapfrog Ventures. Avaak previously raised $7 million.
- Executive moves, week of Feb. 15, 2010
Hires and other personnel changes at Accel, Providence, Trinity and other VC and PE firms
- Marco DeMiroz Named Soliant COO, CFO
Marco DeMiroz has been named COO and CFO of Soliant Energy, a maker of concentrated solar energy systems for commercial rooftops. He previously served as Soliant's interim CEO and, before that, was a venture capitalist with both Trinity Ventures and Selby Ventures. Soliant has raised over $30 million from Trinity, Nth Power and Rockport Capital Partners.