New money. (Wall Street West).There aren't too many venture shops in Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. , let alone ones participating in $21 million fundings for later-stage high-tech outfits. But then Lexington Ventures, which just announced that it put $5 million into a "series C" round of financing for Chatsworth-based Sabeus Photonics Inc., has unusual lineage LINEAGE. Properly speaking lineage is the relationship of persons in a direct line; as the grandfather, the father, the son, the grandson, &c. . The $150 million venture fund is an arm of Beverly Hills-based Lexington Commercial Holdings, better known as a real estate investment shop owned by Louis Gonda, founder of International Lease Finance Corp., the jet-renting house. The fund was started up last year. In addition to Sabeus, the Lexington portfolio has been concentrating on Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the infrastructure-type companies. Other investments include Firststream, a company developing software to allow video transmissions over narrow-band wire; Omnipod, a company developing software to make Internet communication easier; and DigitalDeck, also a developer of software to enhance Internet communications. Benjamin Mark Cole Mark Cole is a multi-instrumentalist blues and roots musician based in Gloucester, UK Music Mark primarily writes and performs blues music but also writes and performs music influenced by other American roots music genres such as americana, cajun, zydeco, bluegrass and writes about the local investment community for the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Business Journal. He can be reached at sevencontinents@mindspring.com. |
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