Communications - 2d Quarter, 1999
| Name |
City |
State |
Amount |
Financing |
Description |
Investors |
| Altiga Networks |
Franklin |
MA |
$12,250,000 |
Second |
Delivers solutions that enable enterprises to build VPNs (virtual private networks) over the Internet. |
Bessemer Venture Partners, Columbia Capital, Commonwealth Capital Ventures II L.P., Highland Capital Partners |
| Appian Communications |
Boxborough |
MA |
$7,500,000 |
First |
Network communications. |
Matrix Partners, North Bridge Venture Partners, Venrock Associates |
| Arepa.com |
Cambridge |
MA |
$15,400,000 |
Second |
Broadband telecommunications software. |
Bank Boston, Fidelity Ventures, Inktomi, Intel, Lauder Partners, MediaOne, Motorola, Nat. Computer Board of Singapore, Cisco, Venrock |
| Aurora Management Inc. |
New Canaan |
CT |
$500,000 |
Initial/Seed |
Consolidator of small to mid-market sized radio stations. |
Bank of America Capital Investors |
| BizFon Inc. |
Salem |
NH |
$2,300,000 |
Third |
Consumer phone equipment. |
Advent International Corp. |
| Broadband Access Systems Inc. |
Marlborough |
MA |
$15,000,000 |
Second |
Data communications equipment for cable modem central office systems. |
Matrix Partners, North Bridge Venture Partners, Norwest Venture Partners |
| Captivate Network Inc. |
Westford |
MA |
$7,000,000 |
Second |
Flat-panel display technology for broadcasting content and advertising to elevator cabs and lobbies of high rise office buildings and hotels. |
ABS Ventures Ltd. Partnerships, Advent International Corp., Olympic Venture Partners, Primus Venture Partners |
| Cayman Systems |
Stoneham |
MA |
$5,000,000 |
First |
Internet access devices for broadband DSL (digital subscriber line) and cable markets. |
Charles River Ventures |
| Co Space |
Boston |
MA |
$4,247,000 |
Initial/Seed |
Operates world-class facilities for mission-critical communications equipment to serve the dynamic Internet telecom and data markets. |
Norwest Venture Partners, The Centennial Funds |
| Connected Corporation |
Framingham |
MA |
$3,000,000 |
Bridge |
Networking computer services to businesses. |
Applied Technology, Intel, Softbank Technology Ventures, Solstice Capital |
| Crescent Networks |
Chelmsford |
MA |
$250,000 |
First |
Developer of metropolitan broadband access equipment. |
St. Paul Venture Capital Inc. |
| Digital Broadband Communications |
Waltham |
MA |
$2,500,000 |
First |
Telecommunications services to business customers. |
Alta Communications/Burr Egan Deleage & Co., Boston University Community Technology Fund, Prime New Ventures |
| DSL.net Inc. |
New Haven |
CT |
$40,000,000 |
Third |
Provider of DSL services to Tier II and Tier III cities. |
Charter Growth Capital L.P., Crosspoint Venture Partners, Oak Investment Partners, Prism Venture Partners II LP, VantagePoint Venture Partners |
| Family Education Network |
Boston |
MA |
$51,000,000 |
Mezzanine |
Building K-12 on-line community. |
AOL, Harcourt, Intel, Jostens, Morningside Group, Sprout Group |
| Horizon Telecom International LLC |
Boston |
MA |
$6,000,000 |
Second |
Brazilian cable television operator. |
First Union Capital Partners, Great Hill Partners, Media Communications Partners |
| Indus River Networks Inc. |
Acton |
MA |
$14,250,000 |
Third |
High-end virtual private networking solutions for enterprise and service providers. |
Ascent Venture Partners, Canaan Partners, Comdisco Venture Group, MCI Worldcom Venture Fund, New Enterprise Associates, Novell, OneLiberty Ventures, and others |
| Integral Access |
Chelmsford |
MA |
$15,500,000 |
Second |
Packet-based telecommunications access systems that facilitate both telephony and high speed Internet access. |
Ascent Venture Partners, BancBoston Capital and Ventures, Canaan Partners, Coral Ventures, Prism Venture Partners II LP, St. Paul Venture Capital Inc. |
| JuniorNet |
Boston |
MA |
$70,000,000 |
Second |
On-line service for kids that uses cutting edge technology to deliver content from children's publishers in a completely safe and non-commercial environment. |
Boston Capital Ventures, Dominion Ventures Inc., Euclid Partners Corp., New World Ventures, RCN Corporation |
| Kinetic Computer Corp. |
Billerica |
MA |
$4,500,000 |
First |
Wireless vehicle computers. |
StoneGate Partners LLC |
| Merlot Communications |
Bethel |
CT |
$6,200,000 |
Second |
Develops and markets products that integrate high speed Internet access and data networking with digital voice communications. |
Applewood Associates, Asia Tech, Connecticut Innovations Inc., Sandler Capital, Walden Group of Venture Capital Funds |
| Millitech Corporation |
South Deerfield |
MA |
$120,000 |
Bridge |
Millimeter microwave RF equipment which supports wireless broadband loop service. |
Axiom Venture Partners |
| MultiFlow Technologies Inc. |
Boston |
MA |
$4,400,000 |
First |
Develops service management solutions for broadband data service providers. |
Greylock, Pilot House Associates |
| MyTeam.com |
Concord |
MA |
$7,000,000 |
First |
Internet media company serving youth team sports community. |
Charles River Ventures, North Bridge Venture Partners |
| Pingtel Corp. |
Woburn |
MA |
$2,000,000 |
Initial/Seed |
Developer of business phone systems which use voice over IP technology. |
St. Paul Venture Capital Inc. |
| Quarry Technologies Inc. |
Burlington |
MA |
$3,000,000 |
Bridge |
High-speed routing and QoS technologies. |
ARCH Venture Partners, Walden Group of Venture Capital Funds |
| Radioactive Media Partners |
Cambridge |
MA |
$1,000,000 |
Initial/Seed |
Internet radio. |
Commonwealth Capital Ventures II L.P., OneLiberty Ventures |
| Scirocco Systems |
Wallingford |
CT |
$9,000,000 |
Second |
Leading edge, high speed networking products for telecommunications service providers. |
Bessemer Venture Partners, Greylock |
| Spike Technology |
Nashua |
NH |
$22,000,000 |
Third |
Designs and manufactures broadband point-to-multipoint wireless communications systems. |
Cabletron, Commonwealth Capital Ventures II L.P., Manufacturers Life Insurance Co. USA, Sandler Capital, Signal Capital, Wheatley Partners |
| Spring Tide Networks Inc. |
Boxborough |
MA |
$16,700,000 |
Second |
Networking equipment for service providers. |
Matrix Partners, North Bridge Venture Partners, Oak Investment Partners |
| Taqua Systems |
Topville |
MA |
$10,330,000 |
Second |
A distributed Class 5 switch with a service creation environment. |
Bessemer Venture Partners, Charles River Ventures, Columbia Capital |
| Telegea.com, Inc. |
Waltham |
MA |
$2,750,000 |
First |
E-commerce buying top for personalized communications services. |
New Enterprise Associates, and others |
| |
|
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$360,697,000 |
|
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0 |
|
Venture capital recipients in New England, by industry, canvassed as part of
the second-quarter 1999 Boston Globe/PricewaterhouseCoopers Money Tree Survey
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