Battery Ventures, Sequoia Capital Invest in $8 Million First Round Financing To SupplierMarket.com.WELLESLEY, Mass. and MENLO PARK Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif.--(BUSINESS WIRE)--Aug. 25, 1999-- Preeminent Technology-focused VC Firms Invest in Hot Internet Startup Poised for Fast and Sustainable Revenue Growth Battery Ventures and Sequoia Capital Sequoia Capital is a venture capital firm founded by Don Valentine in 1972. The firm's partners include Don Valentine, Pierre Lamond, Michael Moritz, Doug Leone, Mike Goguen, Mark Stevens, Jim Goetz, Sameer Gandhi, Roelof Botha, and Mark Kvamme. , two leading 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] with a focus on the Internet and e-commerce, have invested in SupplierMarket.com's first round of $8 million in financing. "SupplierMarket.com has all the elements, from a solid management team to innovative methodologies and a real revenue model, that we look for when investing in world-class, Internet startups," said Bob Barrett This article is about the American football player. For other uses, see Bob Barrett (disambiguation). Robert Patrick Barrett (born November 18, 1935 in Cleveland, Ohio) was an American football offensive end in the American Football League for the Buffalo Bills in 1960. , a general partner of Battery Ventures. "Those elements, combined with SupplierMarket.com's all-star board of advisors, brought us to the table." SupplierMarket.com was started by two Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. graduates, Jon Burgstone and Asif Satchu, who left blue chip companies to become pioneers in the new Internet See Web 2.0 and Internet2. economy. The company is focused on delivering Internet tools for supply chain management that will empower buyers and suppliers to make smarter procurement decisions with zero IT investment. SupplierMarket.com is focused on providing mutual benefits to buyers and suppliers in small and mid-sized industrial manufacturers eliminating the current problems of a fragmented market, poor information flows and an imbalance of supply and demand. SupplierMarket.com has established headquarters at 1601 Trapelo Road in Waltham, Mass. "There are opportunities today to leverage the Internet to fundamentally change the economics of many industries," says Timothy Connors, Sequoia Capital. "SupplierMarket.coir target customers." About Battery Vente it to identify and invest in emerging companies with leading products in exciting markets. With more than $800 million under management, Battery Ventures is one of the leading high tech venture capital firms in the country. The firm is currently investing Battery V, a $400 million fund, as well as the Convergence Fund, a $40 million side fund focused on the converging voice and data telecommunications industries. Battery has invested in more than 100 companies, including Akamai Technologies Akamai Technologies, Inc. (NASDAQ: AKAM) is a company that provides a distributed computing platform for global Internet content and application delivery, headquartered in Cambridge, Massachusetts. , Allegiance Telecom, Altra Energy Technologies, Baan (Aurum Software), Banyan Systems, Concord Communications, Convergent Networks, eCredit.com, Focal Communications, FORE Systems, HNC (HNC Software Inc., San Diego, CA) A software company that specialized in products that detect credit card fraud, manage merchant risk, automate lending decisions and home valuations and manage retail inventories. Founded in 1986 by Robert Hecht-Nielsen and Todd W. Software, In Focus Systems, Infoseek, Level 3 Communications
Level 3 Communications NASDAQ: LVLT is a communications and information services company headquartered in Broomfield, Colorado, USA. (XCOM XCOM Exterior Communication System XCOM External Communications Technologies), NEXTEL Communications, Packet Engines, PetroChemNet, Redstone Communications and Viewlocity. The company is based in Wellesley, Mass. and San Mateo, Calif. For more information, please visit http://www.battery.com. About Sequoia Capital Sequoia Capital was formed in 1972 and has provided the original, startup venture financing for companies that now have a combined market value of almost $300 billion. Sequoia Capital has been the founding investor in dozens of companies including Cisco Systems, Aspect, Apple Computer, Yahoo!, Linear Technology, Electronic Arts, Vitesse Semiconductor and International Network Services. Sequoia Capital has financed a variety of other best of breed Internet companies - including LinkExchange (acquired by Microsoft), GlobalCenter (acquired by Frontier), AtWeb(acquired by Netscape), BillPoint (acquired by eBay), ChipShot, eLoan, eToys, NextCard, PlanetRx and Scient. For more information visit the Sequoia Capital site at www.sequoiacap.com. |
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