Voyager Capital Announces First Investments From Its New Fund III
Voyager Capital Fund III Invests in Four Early Stage Companies
in the Pacific Northwest and California
SEATTLE, WA - October 12, 2007 - Voyager Capital today announced the funding of four investments from its recently closed venture Fund III. The new Fund has been very active in the market, making investments in four promising technology companies: Ontela, a wireless company based in Seattle; SEMDirector, a search marketing software firm in Southern California; 1020, a Bay Area company pioneering location-aware advertising and Yapta, an internet travel planning service in Seattle.
Fund III, which closed at $107 million, will invest primarily in early stage companies in the digital media, software and wireless sectors in the Pacific Northwest and California. "Voyager's Fund III is off to a great start with its new investments and is backed by a number of new and returning prestigious institutional investors,” said Managing Director Curtis Feeny from Voyager’s California office.
"We're seeing many innovative opportunities in our target markets in both of our primary geographies. Entrepreneurs are attracted to us as an investment partner because of our deep investing experience and unique approach to providing strategic counsel in developing effective "Go to Market" strategies and high performance teams," commented Bill McAleer, a Voyager Managing Director. Voyager has approximately $370 million in capital under management, a core investment team with more than 50 years of cumulative venture experience and a track record of funding successful companies.
The firm’s investment team brings significant investing and operating background to its portfolio companies. Voyager's senior investment team includes Managing Directors Bill McAleer, Enrique Godreau lll, Erik Benson in Seattle and Managing Director Curtis Feeny, Principal Jodi Sherman Jahic, and Venture Partner Tom Kippola from the Chasm Group, all of whom are based in Menlo Park. The firm added two new strategic partners earlier this year: Tom Huseby with proven experience in evaluating early stage wireless opportunities in the Pacific Northwest, and Silicon Valley based Keith Krach, former Chairman and CEO of Ariba, supporting the firm's portfolio companies in team development.
Voyager Capital has backed a number of successful companies in its prior funds. These include aQuantive (formerly NASDAQ:AQNT) acquired by Microsoft in August 2007 for $6.4 billion, Tegic which was acquired by AOL for $350 million and others. Four of the firm's investments, aQuantive, Attenex, CapitalStream and GMI, were named for the second year in a row to the Deloitte Washington State Technology Fast 50 List of companies, a record unmatched by any other venture fund. Fund II portfolio companies Tropos and Verari in California and Kryptiq in Portland, Oregon are also leaders in their market segments.
About Voyager Capital
Voyager Capital is a leading Pacific Northwest information technology venture capital firm, providing entrepreneurs with the resources, experience, and connections to build successful companies. Voyager invests primarily in early stage digital media, software and services and wireless companies, where the firm's domain expertise and Go to Market resources help build market leaders. Voyager Capital has offices in Seattle, Washington and Menlo Park, California.
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