Venture capital firms: L.A.-based, ranked by capital under management.EXECUTIVE SUMMARY THE 20 largest 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] have $5.1 billion in capital under management and have made 668 investments since the inception INCEPTION. The commencement; the beginning. In making a will, for example, the writing is its inception. 3 Co. 31 b; Plowd. 343. Vide Consummation; Progression. of their respective firms. Firms that focus on technology investments dominate the list, accounting for 75 percent of the local names on the list. Other investment areas include health care, retail and media. The strength of the technology sector locally is supported by the data on the types of companies receiving venture funding. The number of deals made by venture firms investing in local technology companies helped push the local market into the No. 2 spot on the most recent report by the PricewaterhouseCoopers/National Venture Capital Association Money Tree Survey. "There is more participation locally by venture capital firms from Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern that realize how many great opportunities there are after seeing the success of Myspace The most popular social networking site on the Web, especially for teenagers and people under 30. Founded in 2003 by Tom Anderson and Chris DeWolfe, MySpace was acquired by Rupert Murdoch's News Corporation via its $500 million purchase of parent company Intermix in 2005. and Pricegrabber," said Benjamin Kuo, founder and editor of the SoCalTech newsletter. Kuo expects the market to remain active for 2007. He says there is less competition for funds than in Silicon Valley, the top market for venture lending in the nation. "Valuations tend to be better here," he said. "Many firms from other areas of the country are opening up offices here." THE PACESETTER RUSTIC CANYON canyon Very narrow, deep valley cut by a river through resistant rock and having steep, almost vertical sides. Canyons occur most often in arid or semiarid regions. Some canyons (e.g., the Grand Canyon) are spectacular natural features. See also submarine canyon. PARTNERS THE Santa Monica-based firm currently manages $850 million in capital, holding steady from last year. Its first fund was formed in 1999 with $550 million and has an investment life through 2007. The most recent fund closed by Rustic Canyon was its Rustic Canyon Fontis Partners, which closed with $70 million and has a 10-year lifespan lifespan Longevity Epidemiology The genetically endowed limit to life for a person, if free of exogenous risk factors. See Average lifespan, Life expectancy. . The fund is designed to invest in companies that serve non-English speaking populations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . One recent success story for the firm was the 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. of portfolio company Loopnet Inc. last June June: see month. . The San Franciscobased company is an online marketplace for the sale of commercial real estate and businesses. The company made several investments over the past year. It led a group of investors who made a $6.1 million Series B investment in Menlo Menlo (Mionnloch) is a small village in the parish of Castlegar, on the outskirts of Galway, Ireland. Its name was re-used by Irish colonists in America. It is bordered by Lough Corrib and the River Corrib, to the North West. Park-based Krugle Krugle is a search engine that allows computer programmers and other developers to search Open Source repositories in order to locate open source code, and quickly share the code with other programmers on the internet. It finished its beta phase and went live on June 14th, 2006. Inc., a search engine designed for Web site developers to find source code and technical information when building applications. It also partnered with Intel Capital to provide $7.5 million in Series A funding to InSync InSync™ Cardiology An investigational cardiac resynchronization device that stimulates both sides of the heart and all chambers in Pts with CHF. See Pacemaker. Software, a software developer that tracks assets on the supply chain using 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 and RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. technologies. In addition to its Santa Monica Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. headquarters, Rustic Canyon has offices in Silicon Valley and Seattle Seattle (sēăt`əl), city (1990 pop. 516,259), seat of King co., W Wash., built on seven hills, between Elliott Bay of Puget Sound and Lake Washington; inc. 1869. .
Rank Firm (Ranking in 2006) Capital Project Profile
* name (millions) (millions)
* address * minimum size
* Web site * preferred size
* investments (1)
1 Rustic Canyon $948 $2
Partners (1) $3-$5
2425 Olympic Blvd., 77
Suite 6050 West Santa
Monica 90404
rusticcanyon.com
2 Clearstone Venture 662 1
Partners (2) 5
1351 Fourth St., 76
Fourth Floor Santa
Monica 90401
clearstone.com
3 GRP Partners (3) 650 2
2121 Avenue of the 5-25
Stars, Suite 1630 64
Los Angeles 90067
grpvc.com
4 Palomar Ventures (5) 525 2
100 Wilshire Blvd., 4
Suite 1700 Santa 60
Monica 90401
palomarventures.com
5 AIG SunAmerica 480 1
Ventures (4) 3-5
1 SunAmerica Center, 40
38th Floor Los Angeles
90067
sunamericavc.com
6 Kline Hawkes & Co. (6) 300 3
11726 San Vicente 5
Blvd., Suite 300 38
Los Angeles 90049
klinehawkes.com
7 Pacific Venture 210 1
Group (8) 3-5
16830 Ventura Blvd., 43
Suite 244 Encino 91436
pacven.com
8 Shelter Capital 180 1
Partners (10) N/A
10880 Wilshire Blvd., 14
Suite 1850 Los Angeles
90024
sheltercap.com
9 Smart Technology 175 2
Ventures (9) 4
1801 Century Park 22
West, Fifth Floor
Los Angeles 90067
stv.com
10 ITU Ventures (7) 150 0.3
1900 Avenue of the 5
Stars, Suite 2701 60
Los Angeles 90067
itu.com
11 California Technology 150 0.5
Ventures LLC (11) 1-3
670 N. Rosemead, Suite 25
201 Pasadena 91107
ctventures.com
12 Zone Ventures (12) 135 0.5
241 S. Figueroa St., 2-3
Suite 340 Los Angeles 28
90012
zonevc.com
13 Baroda Ventures 100 1
LLC (17) 5
245 S. Beverly Drive 35
Beverly Hills 90212
barodaventures.com
14 Anthem Venture 100 0.5
Partners (13) 1-4
225 Arizona Ave., 23
Suite 200 Santa Monica
90401
anthemvp.com
15 Evercore Ventures (14) 100 2
100 Wilshire Blvd., 5
Suite 550 Santa Monica 19
90401
evercore.com
16 Stone Canyon Venture 85 1
Partners LP (16) 4-6
301 N. Canon Drive, 10
Suite 302 Beverly
Hills 90210
scvp.com
17 GKM Ventures (15) 80 2
11150 Santa Monica 3
Blvd., Suite 825 10
Los Angeles 90025
gkmventures.com
18 Palisades 75 0
Ventures (18) 3-5
11726 Wilshire Blvd., 14
Suite 450 Los Angeles
90049
palisadesventures.com
19 Steamboat 75 2
Ventures (19) 5
3601 W. Olive Ave., WND
Suite 501 Burbank
91505
steamboatvc.com
20 Arcturus Capital (20) 32 0.2
350 W. Colorado Blvd., 0.5-1.5
Suite 215 Pasadena 10
91105
arcturusvc.com
Rank Firm (Ranking in 2006) Preferred Companies
* name Industries Recently Funded
* address (partial list)
* Web site
1 Rustic Canyon software, N/A
Partners (1) semiconductors,
2425 Olympic Blvd., services
Suite 6050 West Santa
Monica 90404
rusticcanyon.com
2 Clearstone Venture technology N/A
Partners (2)
1351 Fourth St.,
Fourth Floor Santa
Monica 90401
clearstone.com
3 GRP Partners (3) retail & Actimagine Corp.,
2121 Avenue of the restaurants, TeleFlip Inc.
Stars, Suite 1630 retail technology,
Los Angeles 90067 financial services
grpvc.com & technology,
digital content
management,
business &
consumer services,
digital content
4 Palomar Ventures (5) infrastructure CoreObjects
100 Wilshire Blvd., software, Software Inc.,
Suite 1700 Santa networking telecom DATAIlegro Inc.,
Monica 90401 infrastructure, Fulcrum
palomarventures.com wireless solutions Microsystems Inc.
5 AIG SunAmerica technology Loadstar Sensors,
Ventures (4) companies VantageMedia,
1 SunAmerica Center, developing Verus Pharma,
38th Floor Los Angeles components, BloomEnergy
90067 systems, software
sunamericavc.com and services
6 Kline Hawkes & Co. (6) IT infrastructure, N/A
11726 San Vicente health care
Blvd., Suite 300 services,
Los Angeles 90049 industrial
klinehawkes.com manufacturing,
outsourced business
services,
environmental
services, education
7 Pacific Venture health care N/A
Group (8) services, medical
16830 Ventura Blvd., devices,
Suite 244 Encino 91436 biomedical, health
pacven.com care IT
8 Shelter Capital media content and Veoh Networks,
Partners (10) technology Think Passenger
10880 Wilshire Blvd., convergence, Inc., MyTime Inc.
Suite 1850 Los Angeles enterprise
90024 software,
sheltercap.com application
services, wireless
and other
communication
technologies
9 Smart Technology wireless N/A
Ventures (9) communications,
1801 Century Park storage, network
West, Fifth Floor infrastructure,
Los Angeles 90067 enterprise
stv.com software,
telecommunications
10 ITU Ventures (7) communications, Autenticlick,
1900 Avenue of the media, Mushroom
Stars, Suite 2701 semiconductors, Networks, g8wave
Los Angeles 90067 software
itu.com
11 California Technology IT and life science N/A
Ventures LLC (11)
670 N. Rosemead, Suite
201 Pasadena 91107
ctventures.com
12 Zone Ventures (12) software, BiggerBoat,
241 S. Figueroa St., telecommunications, Lumexis, Siimpel,
Suite 340 Los Angeles consumer internet, Akimbo
90012 semiconductors,
zonevc.com nanotechnology
13 Baroda Ventures IT, Internet, N/A
LLC (17) e-commerce
245 S. Beverly Drive
Beverly Hills 90212
barodaventures.com
14 Anthem Venture software, N/A
Partners (13) semiconductors,
225 Arizona Ave., media and Internet
Suite 200 Santa Monica services
90401
anthemvp.com
15 Evercore Ventures (14) wireless, storage, N/A
100 Wilshire Blvd., software, Internet
Suite 550 Santa Monica services
90401
evercore.com
16 Stone Canyon Venture media, consumer, N/A
Partners LP (16) energy, medical
301 N. Canon Drive, services,
Suite 302 Beverly opportunistic
Hills 90210
scvp.com
17 GKM Ventures (15) IT, software, Sabrix
11150 Santa Monica wireless,
Blvd., Suite 825 semiconductors
Los Angeles 90025
gkmventures.com
18 Palisades wireless, N/A
Ventures (18) communications,
11726 Wilshire Blvd., broadband,
Suite 450 Los Angeles enterprise software
90049
palisadesventures.com
19 Steamboat technology Baynote
Ventures (19)
3601 W. Olive Ave.,
Suite 501 Burbank
91505
steamboatvc.com
20 Arcturus Capital (20) wireless, IT, ProLacta
350 W. Colorado Blvd., software, Internet, Bioscience
Suite 215 Pasadena biotechnology,
91105 optics
arcturusvc.com
Rank Firm (Ranking in 2006) Preferred Source of Funds
* name Financing
* address Stage(s)
* Web site
1 Rustic Canyon seed, early, institutions,
Partners (1) growth investors
2425 Olympic Blvd.,
Suite 6050 West Santa
Monica 90404
rusticcanyon.com
2 Clearstone Venture early institutions,
Partners (2) universities,
1351 Fourth St., pensions
Fourth Floor Santa
Monica 90401
clearstone.com
3 GRP Partners (3) all institutional
2121 Avenue of the investors
Stars, Suite 1630
Los Angeles 90067
grpvc.com
4 Palomar Ventures (5) early institutional
100 Wilshire Blvd., investors, pension
Suite 1700 Santa plans
Monica 90401
palomarventures.com
5 AIG SunAmerica expansion and corporate
Ventures (4) late stage
1 SunAmerica Center,
38th Floor Los Angeles
90067
sunamericavc.com
6 Kline Hawkes & Co. (6) expansion institutional
11726 San Vicente investors
Blvd., Suite 300
Los Angeles 90049
klinehawkes.com
7 Pacific Venture early private limited
Group (8) partners
16830 Ventura Blvd.,
Suite 244 Encino 91436
pacven.com
8 Shelter Capital early private
Partners (10) institutions and
10880 Wilshire Blvd., individuals
Suite 1850 Los Angeles
90024
sheltercap.com
9 Smart Technology mid, late private investors
Ventures (9)
1801 Century Park
West, Fifth Floor
Los Angeles 90067
stv.com
10 ITU Ventures (7) all pension, corporate
1900 Avenue of the
Stars, Suite 2701
Los Angeles 90067
itu.com
11 California Technology open N/A
Ventures LLC (11)
670 N. Rosemead, Suite
201 Pasadena 91107
ctventures.com
12 Zone Ventures (12) seed, early institutional
241 S. Figueroa St., investors
Suite 340 Los Angeles
90012
zonevc.com
13 Baroda Ventures seed, early cash
LLC (17) stage
245 S. Beverly Drive
Beverly Hills 90212
barodaventures.com
14 Anthem Venture early institutional
Partners (13) investors
225 Arizona Ave.,
Suite 200 Santa Monica
90401
anthemvp.com
15 Evercore Ventures (14) all institutional
100 Wilshire Blvd., investors
Suite 550 Santa Monica
90401
evercore.com
16 Stone Canyon Venture series A-B, institutions,
Partners LP (16) growth high net-worth
301 N. Canon Drive, individuals
Suite 302 Beverly
Hills 90210
scvp.com
17 GKM Ventures (15) series B or individuals,
11150 Santa Monica later institutions
Blvd., Suite 825
Los Angeles 90025
gkmventures.com
18 Palisades growth institutional
Ventures (18) investors, high
11726 Wilshire Blvd., net-worth
Suite 450 Los Angeles individuals
90049
palisadesventures.com
19 Steamboat early- to Walt Disney Co.
Ventures (19) mid-stage
3601 W. Olive Ave.,
Suite 501 Burbank
91505
steamboatvc.com
20 Arcturus Capital (20) early foundations, family
350 W. Colorado Blvd., office, high net
Suite 215 Pasadena worth individuals
91105
arcturusvc.com
Rank Firm (Ranking in 2006) Top Local Executive
* name * name
* address * title
* Web site * phone
1 Rustic Canyon Tom Unterman
Partners (1) managing partner
2425 Olympic Blvd., (310) 998-8000
Suite 6050 West Santa
Monica 90404
rusticcanyon.com
2 Clearstone Venture Bill Elkus
Partners (2) managing director, founder
1351 Fourth St., (310) 460-7900
Fourth Floor Santa
Monica 90401
clearstone.com
3 GRP Partners (3) Steve Lebow/Yves Sisteron
2121 Avenue of the managing partners, founders
Stars, Suite 1630 (310) 785-5100
Los Angeles 90067
grpvc.com
4 Palomar Ventures (5) James Gauer
100 Wilshire Blvd., general partner
Suite 1700 Santa (310) 260-6050
Monica 90401
palomarventures.com
5 AIG SunAmerica Marc Gamsin/Troy Fukumoto
Ventures (4) president, managing director
1 SunAmerica Center, (310) 772-6000
38th Floor Los Angeles
90067
sunamericavc.com
6 Kline Hawkes & Co. (6) Frank R. Kline
11726 San Vicente managing partner
Blvd., Suite 300 (310) 442-4700
Los Angeles 90049
klinehawkes.com
7 Pacific Venture Layton R. Crouch/
Group (8) David L. Dennis
16830 Ventura Blvd., managing directors
Suite 244 Encino 91436 (818) 990-4141
pacven.com
8 Shelter Capital Arthur Bilger
Partners (10) managing member
10880 Wilshire Blvd., (310) 234-2300
Suite 1850 Los Angeles
90024
sheltercap.com
9 Smart Technology David Nazarian
Ventures (9) founding member
1801 Century Park (310) 203-3800
West, Fifth Floor
Los Angeles 90067
stv.com
10 ITU Ventures (7) Jonah Schnel
1900 Avenue of the managing partner
Stars, Suite 2701 (310) 777-5900
Los Angeles 90067
itu.com
11 California Technology Alex Suh
Ventures LLC (11) managing director
670 N. Rosemead, Suite (626) 351-3700
201 Pasadena 91107
ctventures.com
12 Zone Ventures (12) Frank M. Creer
241 S. Figueroa St., managing director
Suite 340 Los Angeles (213) 628-2400
90012
zonevc.com
13 Baroda Ventures David Bohnett
LLC (17) managing member
245 S. Beverly Drive (310) 276-0005
Beverly Hills 90212
barodaventures.com
14 Anthem Venture William Woodward
Partners (13) ceo, managing director
225 Arizona Ave., (310) 899-6225
Suite 200 Santa Monica
90401
anthemvp.com
15 Evercore Ventures (14) Austin Beutner
100 Wilshire Blvd., general partner
Suite 550 Santa Monica (310) 689-0800
90401
evercore.com
16 Stone Canyon Venture Michael Siebert
Partners LP (16) managing director
301 N. Canon Drive, (310) 432-5180
Suite 302 Beverly
Hills 90210
scvp.com
17 GKM Ventures (15) Jonathan Bloch/John
11150 Santa Monica Morris/David Stastny
Blvd., Suite 825 managing partners
Los Angeles 90025 (310) 268-2637
gkmventures.com
18 Palisades Paul D'Addario
Ventures (18) senior managing director
11726 Wilshire Blvd., (310) 571-6214
Suite 450 Los Angeles
90049
palisadesventures.com
19 Steamboat John R. Ball
Ventures (19) managing director
3601 W. Olive Ave., (818) 566-7400
Suite 501 Burbank
91505
steamboatvc.com
20 Arcturus Capital (20) Stevan Birnbaum/Stephen
350 W. Colorado Blvd., Watkins/Donald Hall
Suite 215 Pasadena managing directorss
91105 (626) 578-5700
arcturusvc.com
N/A--Not Applicable WND--Would Not Disclose
Note: Information on this list was provided by representatives of the
firms themselves. In order to qualify, venture capital firms must be
headquartered in Los Angeles County. Firms are ranked by the amount of
capital under management companywide and the number of projects
completed since inception, respectively. To the best of our knowledge,
this information is accurate as of press time. While every effort is
made to ensure the accuracy and thoroughness of the list, omissions and
typographical errors sometimes occur. Please send corrections or
additions on company letterhead to the Research Department, Los Angeles
Business Journal, 5700 Wilshire Blvd., Suite 170, Los Angeles 90036.
[c] 2006 Los Angeles Business Journal. This list may not be reprinted
in whole or in part without prior written permission from the editor.
Reprints are available from Wright's Reprints, (877) 652-5295.
(1) Number of companies invested in since inception.
Researched by David Nusbaum
|
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion