Brightpod Announces Additional Investors; Four of Southeast U.S.'s Top Venture Firms Join The Aurora Funds in $5 Million First Round.Business Editors RESEARCH TRIANGLE PARK Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C.--(BUSINESS WIRE)--Nov. 29, 2000 Brightpod, a designer of mobility portals for the enterprise, today announced that Cordova Cordova, Spain: see Córdoba. Ventures of Atlanta; Draper Atlantic of Northern Virginia Northern Virginia (NoVA) consists of Arlington, Fairfax, Loudoun, and Prince William counties and the independent cities of Alexandria, Falls Church, Fairfax, Manassas, and Manassas Park. ; Frontier Capital of Charlotte, N.C.; and Monument Capital Partners of Richmond, Va. have joined lead investor The Aurora Funds of Durham, N.C., in Brightpod's first round of venture financing. Brightpod announced The Aurora Funds as the lead investor in the $5 million funding round on September 25. "The participation of these four co-investors -- each among the most respected 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] in the Southeast -- is invaluable to Brightpod as we work to become the leading provider of integrated mobile solutions for mid-market businesses," said Don Shirley Biography Don Shirley was born Donald Waklbridge Shirley, 29 January 1927, Kingston, Jamaica. His first teacher was his mother. He began playing piano at age of 2-1/2 and made his first public performance at the age of 3. , Brightpod co-founder and chief executive officer. "Together with The Aurora Funds and our founding partner Ericsson, these strategic investors will provide critical resources and guidance as we push forward to grow and expand our business." "Brightpod's demonstrated ability to integrate standards-based, best-of-breed applications into subscription-based service packages puts the company in a unique position to grow along with the mobile Internet, moving quickly to market with proven third-party technologies," said Rich Brown, Aurora Funds partner. "The Aurora Funds and our co-investors are excited about what Brightpod brings to the market, and we are eager to support Brightpod as it continues to grow its business." About Brightpod Brightpod designs Enterprise Mobility Portals that enable businesses to provide their employees, customers and partners with anytime access to Internet- and server-based content and applications, using devices such as Palms, Pocket PCs, RIM BlackBerry pagers, and Web-enabled wireless phones. Brightpod's corporate portal solutions are based on an open-standards platform that pre-integrates best-of-breed mobile applications in a subscription-based service model. The Brightpod platform supports portal enhancements such as instant messaging, voice browsing, wireless search and personalization. In keeping with its mission to help businesses of all sizes "go mobile" quickly and easily, Brightpod also provides customers with end-to-end services including devices, airtime, advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal and training. To learn more about Brightpod, call 888/439-9932 or visit www.brightpod.com. About The Aurora Funds, Inc. The Aurora Funds, Inc. is a Research Triangle, N.C.-based family of venture capital funds Venture Capital Funds An investment fund that manages money from investors seeking private equity stakes in small and medium-size enterprises with strong growth potential. Notes: focused on early stage technology-based software, mobile Internet, and life science companies primarily in the southeastern United States. Aurora has assembled a unique, experienced investment team with firsthand operational and entrepreneurial experience that actively partners with entrepreneurs to build companies. Aurora's portfolio consists of more than 25 companies, including Alerts.com, Blackboard, Haht Commerce, GadgetSpace, InterAdNet, MobileMind, Technauts, Xanthon, Cogent Neurosciences, and Virologic (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :VLGC VLGC Very Large Graph Class (also seen as VGC) ). The firm is headquartered in Research Triangle Park, N.C. and has offices in Tyson's Corner, Va. and Birmingham, Ala. For more information, contact Pam Newton at 919/484-0400, ext. 105, pam@aurorafunds.com or visit the firm's web site at www.aurorafunds.com. About Cordova Ventures Cordova Ventures, formed in 1989, is an Atlanta-based venture capital firm with offices in Atlanta and Montgomery, Ala. The firm manages approximately $250 million of committed capital in seven funds and is one of the largest and most experienced venture firms in the Southeast. Their most recent fund, Cordova-Intellimedia Ventures, L.P. invested in Brightpod. Contact Frank Dalton 678/942-0305 or fd@cordovaventures.com; www.cordovaventures.com. About Draper Atlantic Draper Atlantic is an early stage information technology venture capital firm based in Northern Virginia and affiliated with Draper Fisher Jurvetson Draper Fisher Jurvetson (DFJ) is a venture capital firm based in Menlo Park, California with affiliate offices in more than 30 cities around the world and over $4.5 billion in capital commitments. , the leader in start-up venture capital, having invested in over 150 high-tech companies. Draper Atlantic focuses on early and seed stage investing. The Draper Group has seen over 20 of its companies complete an IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. , and has achieved successful sales of companies to the likes of Microsoft, Yahoo, Cisco, America Online, Ask Jeeves, Inktomi, Amazon, Rational and many others. Contact Dan Rua at 703/995-3588 or dan@draperatlantic.com; www.draperatlantic.com. About Frontier Capital Frontier Capital, based in Charlotte, N.C., is a $46 million venture capital fund focused on early to mid-stage information technology services and software providers located in the southeastern United States. In addition to Brightpod, recent investments completed by Frontier include MindBlazer of Charlotte, NC and eAttorney and Gazelle gazelle, name for the many species of delicate, graceful antelopes of the genus Gazella, inhabiting arid, open country. Most gazelles are found only in Africa, but several species range over N Africa and SW Asia; the Persian, or goitered, gazelle ( Consulting both of Atlanta, Ga. The founding partners of Frontier are Paul Stackhouse, Richard Maclean and Andrew Lindner. For additional information contact Richard Maclean at 704/414-2880 or visit our web site at www.frontierfunds.com. About Monument Capital Partners Monument Capital Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is an early-stage venture capital firm that invests primarily in emerging technology-based companies in the corridor between Washington D.C. and the Research Triangle of North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. . Typical investments range between $250,000 and $2.0 million in any one company. These funds are usually invested over several rounds of financing. Contact T.J. Daly at 804/474-3118 or tj@monucap.com; www.monucap.com. |
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