Allapartments.com Gains $10 Million in Second-Round Funding From Leading Technology Venture Firms.SAN FRANCISCO--(BUSINESS WIRE)--June 16, 1998--Allapartments.com (www.allapartments.com), the largest rental resource Web site for apartment seekers, announced today that it has closed a second round of funding of more than $10 million. Technology Crossover Ventures (TCV TCV Total Contract Value TCV Tokyo City View TCV Treasury Corporation of Victoria (Australia) TCV Temperature Control Valve (Industrial control description) TCV Total Containment Vessel ), an expansion-stage investor, is the lead investor in this round. First-round investors, Kleiner Perkins Caufield & Byers and Rosewood Capital, are also participating in the second round. In addition, joining the investment group is Jim Barksdale Jim Barksdale (born January 24, 1943) was the president and CEO of Netscape Communications Corporation from January 1995 until the company merged with AOL in March 1999. Early life James (Jim) Love Barksdale was born in Jackson, Mississippi. He received a B.A. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Netscape. The new, aggressive funding enables allapartments.com to offer new services, expand its Web site content -- which already offers more than three times as many listings as any other service -- and to extend its robust online system. "Allapartments.com has been successful in advancing and aggressively growing its content, keeping the information current and useful," said Jay Hoag, general partner of TCV and a successful venture capitalist Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. and technology investor for over 15 years. "We believe allapartments.com's content distinguishes them as the leader in the rental service industry, surpassing any other service we've seen either online or off." TCV, an expansion-stage investor, typically invests only in companies that have proven market leadership momentum. Will Hearst, partner at Kleiner Perkins Caufield & Byers said, "We at KPCB KPCB Kings Park Concert Band are more excited than ever about allapartments.com's business; the company has made significant progress since the last round, furthering their content lead over their competitors, and positioning themselves as the dominant renter-oriented Web site on the Internet." "Funding from these top-notch industry forerunners validates allapartments.com's position as the premier resource in the apartment seeking and dwelling community," said John Helm
"Allapartments.com is also pleased to announce the expansion of our board of directors to include new members whose expertise will round out our collective strengths to include Internet strategist Jay Hoag, the founding general partner of TCV, and rental and retail market expert Steven Jobes, vice president, marketing, merchandising, sales, and national accounts for CORT CORT Escort CORT Certified Operating Room Technician CORT Coherent Receive/Transmit CORT Crew Operations Review Team ," said John Helm. Returning board a board empowered to canvass and make an official statement of the votes cast at an election. See also: Board members are George Marcus, Chairman of the Board, Marcus & Millichap; William Millichap, president and CEO, Marcus & Millichap; Will Hearst, partner, Kleiner Perkins Caufield & Byers; Douglas Valenti, principal, Rosewood Capital; and John Helm, president and CEO, allapartments.com. The board members bring deep experience and success managing leading high growth companies on the Internet and in related industries such as software, communications, consumer product, retail, rental and real estate. Allapartments.com Allapartments.com is the most comprehensive Internet-based apartment resource service. Allapartments.com streamlines the apartment hunting process by organizing pertinent property information such as location, unit types, rental rates and basic amenities for easy searchability. Renters can view individual property brochures with maps, driving instructions, floor plans and photos. In addition, allapartments.com offers a wealth of helpful resources for the apartment rental community including moving and relocation services Relocation services or "employee relocation" includes a range of internal business processes that are engaged to transfer employees (and often their families) or entire departments of a business to a new work location. , renter's insurance and useful information about schools and other services in the community. Free to consumers, and supported by a very cost-effective fee to owners, allapartments.com features more than five million property listings in over 5,000 U.S. cities. Founded in January 1997 by Marcus & Millichap Real Estate Investment Brokerage Company, allapartments.com is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation with offices in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and Phoenix. For more information about allapartments.com, please visit allapartments.com on the World Wide Web at http:// www.allapartments.com, call 415/292-2960, or e-mail: information@allapartments.com. Allapartments.com is located at 3059 Fillmore Street The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , San Francisco, Calif., 94123. Media contact: Marie Clark, Antenna Group, 415/977-1916, marie@antennapr.com, or Grace Lee, Antenna Group, 415/977-1929, grace@antennapr.com. Kleiner Perkins Caufield & Byers Formed in 1972 by Eugene Kleiner and Tom Perkins, Kleiner Perkins was created with the goal of providing entrepreneurs with value-added resources as well as capital investments. The Kleiner Perkins partnerships have sponsored some of the U.S.'s most innovative and rapidly growing new ventures. These businesses have created more than 135,000 jobs, more than $50 billion in revenue and more than $80 billion in market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. . Representative investments include: @Home Network, Amazon.com, America Online, CBS (Cell Broadcast Service) See cell broadcast. SportsLine and Netscape Communications. Information about KPCB is available on the Web at www.kpcb.com. Marcus & Millichap Real Estate Investment Brokerage Company Founded in 1971, Marcus & Millichap Real Estate Investment Brokerage Company is the nation's largest commercial real estate firm specializing in the sale of investment property. With 29 offices and more than 470 investment specialists, the company utilizes its powerful property marketing system in the sale, purchase or exchange of apartment complexes, shopping centers, office and industrial buildings, self-storage, manufactured housing, senior housing facilities, hotels/motels and land parcels. Information about M & M is available on the Web at www.mmreibc.com Rosewood Capital Rosewood capital is a private equity partnership that invests in consumer-oriented growth companies. Founded in 1985, Rosewood's strategy is to focus its capital and resources with a small number of high-quality companies. Entering its third fund, Rosewood Capital-backed management teams have built leading brands in a number of consumer categories. Representative investments include Noah's New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Bagels, Hooked on Phonics  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . , Jamba Juice and Rubio's Restaurants. Technology Crossover Ventures Technology Crossover Ventures (TCV) was founded in June of 1995 by experienced venture capital and investment professionals Jay Hoag and Rick Kimball. TCV focuses on information technology and invests in expansion-stage private enterprises. Additionally, TCV's investor base includes executives from more than 30 leading technology companies, other venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] , and investment banks, and provides substantial insight into technology trends and assistance with portfolio companies. The principals of TCV have been involved both privately and as venture investors in a broad array of leading technology companies including cnet, Intuit and Octel Communications. Information about TCV is available on the Internet at www.tcv.com. CONTACT: Antenna Group Marie Clark, 415/977-1916 marie@antennapr.com or Antenna Group Grace Lee, 415/977-1929 grace@antennapr.com |
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