?	
?	'VentureWire'
	Thursday, November 30, 2000	?
?	CONTENTS | COMPANIES | INVESTORS	?
?	
	
	
	top stories
	
	* 724 Solutions to Acquire Tantau Software for $375 Million 
	* El Dorado Ventures Raises $250 Million Fund
	* Children's Site MaMaMedia Down to 15 Employees
	* Ex-Prodigy Chair to Head Network Services Firm iVMG Names 
	
	
	
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	new money
	
	* Analytics Application Firm INEA Raises $3 Million Round One
	* Cambridge Tech Leads Access International's First Round
	* Custom Delivery Service Parachute Gets $10 Million Series B
	* Hiring Tech Firm Spintopia Secures $2.85 Million Round One
	* Medschool.com Raises $26 Million in Second Round
	* Real Estate Technology Firm Vectiv Has $13 Million Round Two
	* Retail, Promotion Firm DemandTec Raises $16 Million Series B
	* Wireless Services Firm Latinia Secures $5 Million 
	* DWDM Tech Firm Clarendon Photonics Has $16 Million Series B
	* Fabric Marketplace Tapestria Gets $25 Million for 20% Stake
	* Human Resource Web Service Firstdoor in $9 Million Round Two
	* Optical Firm E2O Raises $38.5 Million Round Three
	* Development Chain Software Firm IDe Raises $12 Million Mezz
	* Gift and Home E-Marketplace Whereoware Raises $21 Million
	* New Investors Take 5% Stake in Ariba, Softbank Joint Venture
	* Imaging Product Firm RealTimeImage in $9 Million Third Round
	* ProSeed Capital Makes Three International Investments
	* ASP ProcureZone.com Secures $3 Million From Mitsui
	* Mobile Portal Firm Brightpod Names Additional Investors
	
	
	new products
	
	* EA Web Holdings Launches Cardiac Health Sites
	* Data Storage Firm Xdrive Changes Name to Xdrive Technologies
	* Real Estate ASP SmartCity Announces Itself
	
	
	m&a
	
	* E-Learning Firm Blackboard Buys Campus Commerce, ID Firms
	
	
	new directors
	
	* Competix Adds VC Firm Founder and Ex-NetGravity CEO to Board
	* Communications Apps Firm UReach Names Board Chairman
	* Site Structuring Firm Synquiry Adds BuyerZone Exec to Board
	
	
	new people
	
	* Job Matching Service iGeneration Names President and CEO
	* Interior Design Marketplace DesignCenter360 Names First CEO
	* Pricing Technology Firm Optivo Names Former Oblix Exec CEO
	* Tenant Screening Firm SafeRent Names CEO, President
	* Automated Trading Systems Names CEO, President
	
	
	vc fund news
	
	* Hyperion Partners Closes on $73 Million of $100 Million Fund
	* Crosspoint Confirms It is Delaying $1 Billion Fund
	
	
	vc personnel
	
	* Former Sun Microsystems Exec Joins Gabriel Venture Partners
	* Redleaf Group Opens Boston Office, Names Managing Director
	
	
	vw amplification
	
	* Cerida 
	
	
	vw corrections
	
	* Three Arch Capital Partners
	
	
	TOP STORIES... NEW MONEY... NEW PRODUCTS... M&A... NEW DIRECTORS... NEW 
PEOPLE... VC FUND NEWS... VC PERSONNEL... VW AMPLIFICATION... VW CORRECTIONS
	
	
	
	
	?	?	?	AristaSoft: Enabling High-Tech Equipment Companies to Build?	Bigger Businesses Faster?	?	AristaSoft's solutions give high-tech equipment companies?	access to the same integrated business processes and tech-?	nology solutions used by business leaders worldwide -?	reducing the time, labor, risk and investment associated?	with deploying, maintaining and supporting these solutions.?	AristaSoft's integrated business process services are based?	on deep industry focused domain expertise and a portfolio?	of relevant enterprise-class applications delivered on a?	secure, scalable and reliable infrastructure.?	Get ready for hyper-growth with AristaSoft.http://www.aristasoft.com/?	?	?	?	top stories?	??	724 Solutions to Acquire Tantau Software for $375 Million ?	
	
	TORONTO (VENTUREWIRE) -- 724 Solutions, an Internet infrastructure software 
firm that is traded on the Nasdaq and Toronto stock exchanges, said it agreed 
to acquire Tantau Software, an Austin, Texas-based provider of software and 
services that enable mobile Internet commerce. 724 Solutions will make the 
acquisition with 19 million shares of stock, valued at approximately $375 
million. 724 Solutions shareholders will own about 68% of Tantau. 724 
Solutions founder, chairman, and CEO Greg Wolfond will continue to serve as 
chairman. Tantau co-founder, president, and CEO John Sims will be CEO of 724 
Solutions. Four members will be added to 724 Solutions' board of directors, 
including Mr. Sims. Tantau Softare is backed by Chase Capital Partners, 
General Motors Investment Management, Hewlett-Packard, Nokia, the Texas 
Growth Fund, Austin Ventures, Compaq Computer, and Techno Venture Management. 
	http://www.724.com
	http://www.tantau.com
	
	El Dorado Ventures Raises $250 Million Fund
	?	?	MENLO PARK, Calif (VENTUREWIRE) -- El Dorado Ventures today announced the ?formation of its latest fund, El Dorado Ventures VI. The $250 million fund ?will continue the firm's focus on early-stage, information technology ?investments located in the western United States. El Dorado Ventures VI ?expects to fund 10 to 12 early-stage companies during 2001. Recent El Dorado ?investments include Appshop, Network OSS, Strix Systems, and Glow Networks.  ?	http://www.eldoradoventures.com?	?	Children's Site MaMaMedia Down to 15 Employees?	
	
	NEW YORK (VENTUREWIRE) -- Struggling children's Web site MaMaMedia has laid 
off an additional 55 staff members, leaving the company with only 15 
employees. The company cut 40% of its staff in October and 20% over the 
summer. The company is trying to stay afloat despite tough market conditions 
and hopes the reduction in staff will stretch its funds until a merger or 
acquisition deal goes through. In the meantime, the company is looking for 
partners and insists it is not shutting down. The company said it is 
concentrating on its online property only, putting its print magazine, 
MaMaMedia: A Kid's Guide to the Net, on hold. MaMaMedia has received funding 
from BancBoston Ventures, Essex Investment Management, Intel, J. H. Whitney & 
Co., J & W Seligman & Co., RRE Investors, and Van Wagoner Capital. 
	http://www.mamamedia.com
	
	Ex-Prodigy Chair to Head Network Services Firm iVMG Names 
	?	?	SAN JOSE, Calif. (VENTUREWIRE) -- iVMG, a network services firm, said it has ?appointed Samer Salameh as the company's first president and CEO. Mr Salameh ?was CEO of Prodigy Communications, a DSL Internet services provider, until ?June of 2000, and served as Prodigy's chairman until September. He remains on ?that company's board. This past May, iVMG raised $10 million in a Series A ?round led by Accel Partners.   ?	http://www.ivmg.net?	?	new money?	??	Analytics Application Firm INEA Raises $3 Million Round One?	
	
	TORONTO (VENTUREWIRE) -- INEA Corp., a provider of enterprise analytics 
application software, said it has secured CDN $4.5 million ($3 million) in 
first round funding from Canadian venture capital firm Ventures West. The 
company develops software that automates data integration, analytic 
processes, online reporting, and secure information dissemination. The funds 
will be used for sales and marketing.
	http://www.ineacorp.com
	
	Cambridge Tech Leads Access International's First Round
	?	?	CAMBRIDGE, Mass. (VENTUREWIRE) -- Cambridge Technology Partners, a publicly ?traded management consulting firm, said it led the first round of financing ?for Access International, which provides Internet-based philanthropy ?management services. The amount of the round, which was also funded by ?individual investors, was not disclosed. The funding will be used for ?development and roll out of Access' new line of services. The company ?recently launched DonateTo.com, which provides technology that enables ?organizations to have a private-labeled philanthropic presence on the ?Internet and enables users to make charitable contributions. The company's ?flagship software, Enterprise, enables not-for-profit organizations to ?facilitate their fundraising and donation processing activities. A member of ?Cambridge Technology Partners will receive a seat on Access's board of ?directors. ?	http://www.accessint.com?	?	Custom Delivery Service Parachute Gets $10 Million Series B?	
	
	SAN FRANCISCO (VENTUREWIRE) -- Parachute, a company that provides custom 
delivery service in which recipients can schedule a time to receive their 
packages, said it raised $10 million in its Series B round of funding. The 
funds came from Sterling Payot Capital, CNF Transportation, and individual 
investors. The company will use the funds to expand its technology and its 
operations. The company plans on expanding its service to other cities by 
next year. Parachute received $2 million in Series A funds in November 1999.
	http://www.parachute.com
	
	Hiring Tech Firm Spintopia Secures $2.85 Million Round One
	?	?	VANCOUVER (VENTUREWIRE) -- Spintopia.com, an application service provider ?that offers an online hiring product called Vision2Hire, said it raised $2.85 ?million in its first round from Discovery Capital and Belkorp Industries. The ?company will use the funds for operations, marketing, and expansion into the ?US. The company will open its first U.S. office in Seattle in January.?	http://www.spintopia.com?	?	Medschool.com Raises $26 Million in Second Round?	
	
	SANTA MONICA, Calif. (VENTUREWIRE) -- Medschool.com, which provides online 
training for healthcare organizations and professionals, said it raised $26 
million in second round financing led by Patricof & Co. Ventures. Delphi 
Ventures, GE Equity, and Leeds Equity Partners also participated. 
Medschool.com, which has raised more than $38 million to date, will use the 
funds for technology development, content acquisition, and business 
expansion. George Jenkins, general partner of Patricof & Co. Ventures, and 
Don Lothrop, managing partner at Delphi Ventures, will join the board of 
directors. Elliot Royce, senior vice president of GE Equity, will also join 
the board as an observer.
	http://www.medschool.com
	
	Real Estate Technology Firm Vectiv Has $13 Million Round Two
	?	?	BERKELEY, Calif. (VENTUREWIRE) -- Vectiv, which provides technology that ?enables businesses to acquire and manage real estate assets, said it secured ?$13 million in its second round of funding, led by AC Ventures and ?Convergence Partners. Previous investor campsix also participated. Scott ?Killips, an AC Ventures partner, will join the company's board of directors. ?The company will use the funds to expand its staff and operations, and for ?product development, sales and marketing.?	http://www.vectiv.com?	?	Retail, Promotion Firm DemandTec Raises $16 Million Series B?	
	
	SAN FRANCISCO (VENTUREWIRE) -- DemandTec, which provides retail price and 
promotion optimization services, said it secured $16 million in its Series B 
financing. New investor Crosspoint Venture Partners led the round, which 
included new investors Altos Ventures, Athena Technology Ventures, Cargill 
eVentures, and Nonstop Solutions. Crosspoint Venture Partners general partner 
James Dorrian will join the company's board of directors. The company will 
use the funding to expand its offering of products and services. DemandTec 
offers Web-based services that enable traditional and Internet-based 
retailers to make pricing, marketing, and profit decisions.
	http://www.demandtec.com
	
	Wireless Services Firm Latinia Secures $5 Million 
	?	?	NEW YORK (VENTUREWIRE) -- Latinia, which provides wireless interactive ?services to cell phone users in Europe, the U.S., and Latin America, said it ?has secured $5 million in early stage funding from Paragon Investments and a ?group of individual European investors. Latinia, which is currently launching ?services in Italy and Portugal, was formed by former executives of Terra ?Networks and other Internet companies in March.   ?	http://www.latinia.com?	?	DWDM Tech Firm Clarendon Photonics Has $16 Million Series B?	
	
	BOSTON (VENTUREWIRE) -- Clarendon Photonics, a developer of integrated DWDM 
technology for high-bandwidth optical networks, said it raised $16 million in 
its Series B round, led by New Enterprise Associates. Previous investor Sevin 
Rosen Funds and Vortex Partners also participated. The company will use the 
funds for product development and expansion of its staff and research and 
development facilities. 
	http://www.clarendonphotonics.com
	
	Fabric Marketplace Tapestria Gets $25 Million for 20% Stake
	?	?	ROTTERDAM, The Netherlands (VENTUREWIRE) -- Tapestria, which plans to launch ?an online interior fabrics marketplace for interior designers in February of ?2001, said it has a received $25 million investment from Hunter Douglas, a ?publicly traded window coverings firm, for a 20% stake in the company. ?Tapestria said it will establish headquarters in The Netherlands and in Upper ?Saddle River, N.J. Founder David Sonnenberg, a former executive at Hunter ?Douglas, will be CEO.     ?	http://www.tapestria.com?	?	Human Resource Web Service Firstdoor in $9 Million Round Two?	
	
	ATLANTA, GA (VENTUREWIRE) -- Firstdoor, a Web-based service which provides 
access and information on employee benefits, human resources management, and 
legal compliance issues, said it completed its second round of financing with 
$9 million. Investors in the round include Allen & Co., Paradigm Capital 
Partners, and ING Barings. Wunderlich Securities acted as placement agent for 
a portion of the round. The company said it will use the funding for product 
enhancements and sales and marketing. Firstdoor has raised $18 million to 
date.      
	http://www.firstdoor.com
	
	Optical Firm E2O Raises $38.5 Million Round Three
	?	?	CALABASAS, Calif. (VENTUREWIRE) -- E2O Communications, a manufacturer of ?fiber optic transceivers for optical communications, said it received $38.5 ?million in its third round of financing led by Lehman Brothers Venture ?Capital Group. New Enterprise Associates (NEA), Fortune Venture Investment ?Group, Windward Ventures, Economic Development Board of Singapore, ?SunAmerica, and Foxconn Optical Technology also participated. The company ?said it will use the funds to construct an optoelectronics device fabrication ?facility near its headquarters. E20 has raised more than $60 million to ?date.   ?	http://www.e2oinc.com?	?	Development Chain Software Firm IDe Raises $12 Million Mezz?	
	
	CONCORD, Mass. (VENTUREWIRE) -- Integrated Development Enterprise (IDe), 
which provides development chain management software for integrated product 
development, said it has secured $12 million in mezzanine funding led by 
HarbourVest Partners. The round included Dominion Ventures, OneLiberty 
Ventures and management consultants PRTM. The company said it will use the 
funding to continue product development, marketing, and sales. 
	http://www.ide.com
	
	Gift and Home E-Marketplace Whereoware Raises $21 Million
	?	?	MCLEAN, Va. (VENTUREWIRE) -- Whereoware.com, a business to business ?marketplace for the gift and home industry, said it has secured $21 million ?from Crow Holdings, dmg world media, and George Little Management. The ?company said it will use the funds to further develop Whereoware's existing ?platform and to expand its range of services. Whereoware, which raised $4.6 ?million in a Series A Round this past summer, is also backed by Peregrine ?Systems and Ventera.    ?	http://www.whereoware.com?	?	New Investors Take 5% Stake in Ariba, Softbank Joint Venture?	
	
	MOUNTAIN VIEW, Calif. (VENTUREWIRE) -- Publicly traded e-commerce platform 
provider Ariba and Softbank said that 20 corporate investors will take a 
combined 5% equity stake in their recently formed joint venture, Nihon Ariba 
KK, which provides business-to-business Internet commerce products and 
services in Japan. The firms are still negotiating the terms of the 
investment agreement. After the close of the deal, Softbank E-Commerce and 
Softbank Corp. will each hold 20% stakes in the venture, Ariba will hold 55%, 
and the 20 new investors will hold the remaining 5%. The new investors 
include CAC, CSK, Deutsche Bank, Fujitsu, Hewlett-Packard, Hitachi, IBM, 
Itochu, Mitsubishi, Mitsui, Mogan Stanley Dean Witter, NEC, NTT, OBIC, 
Sumitomo, Toshiba, and Toyo Information Systems.  
	http://www.ariba.com
	http://www.softbank.com
	
	Imaging Product Firm RealTimeImage in $9 Million Third Round
	?	?	SAN BRUNO, Calif. (VENTUREWIRE) -- RealTimeImage, a provider of ?Internet-based imaging products for the graphic arts and medical communities, ?said it raised $9 million in its third round of funding. New investor DOR ?Ventures participated, along with previous investors Intel 64 Fund, Newbury ?Ventures, TDA Capital Partners, Challenge Fund, and Scitex. The company will ?use the funds to continue its product development. DOR Ventures CEO Arie ?Rosenfeld will join the company's board of directors.?	http://www.realtimeimage.com?	?	ProSeed Capital Makes Three International Investments?	
	
	BRUSSELS (VENTUREWIRE) -- Belgium-based investment firm ProSeed Capital 
Holdings said it made venture investments in three companies outside of 
Belgium. ProSeed said it made investments in C Within, a Connecticut-based 
provider of Internet-based communication products; Notal Vision, an Israeli 
firm developing technology that enables retinal self-examination for patients 
with retinal disease; and YAbA, a Scotland-based developer of diagnostic 
tests for infectious diseases. YAbA also backed by 3i, the Scottish 
Technology Fund, and Scottish Enterprise Edinburgh and Lothian. The amounts 
of the  investments were not disclosed.  
	http://www.cwithin.com
	http://www.proseedcapital.com
	http://www.yaba.co.uk
	
	ASP ProcureZone.com Secures $3 Million From Mitsui
	?	?	HINGHAM, Mass. (VENTUREWIRE) -- ProcureZone.com, an application service ?provider and Internet hub focused on the procurement of engineered equipment ?and materials, said it has formed a strategic partnership with Mitsui, a ?global trading company, under which Mitsui will provide ProcureZone.com with ?$3 million in equity financing. Mitsui will also assist ProcureZone in ?growing its buyer and supplier services in Japan. The company was founded by ?I-Group, a private Internet investor.  ?	http://www.procurezone.com?	?	Mobile Portal Firm Brightpod Names Additional Investors?	
	
	RESEARCH TRIANGLE PARK, N.C. (VENTUREWIRE) -- Brightpod, a designer of 
mobility portals for businesses, announced additional investors from its $5 
million first round, led by the Aurora Funds, reported in September. Cordova 
Ventures, Draper Atlantic, Frontier Capital, and Monument Capital also 
invested in the round. Richard Maclean of Frontier Capital joined the 
company's board of directors.
	http://www.brightpod.com
	
	new products
	?
	EA Web Holdings Launches Cardiac Health Sites
	?	?	BOCA RATON, F.L. (VENTUREWIRE) -- EA Web Holdings, developer of a group of ?cardiac health Web sites for patients and doctors, said it has launched the ?first two of three planned sites. MyHeathDr and MyHeartMall, both accessible ?at www.heartcenteronline.com, provide a cardiac encyclopedia, cardiac-related ?content, and cardiac healthcare products for sale. In April 2000 the company ?received $1.5 million in a Series A round from C. E. Unterberg, Towbin as ?well as from physicians and individual investors.    ?	http://www.heartcenteronline.com?	?	Data Storage Firm Xdrive Changes Name to Xdrive Technologies?	
	
	SANTA MONICA, Calif. (VENTUREWIRE) -- Xdrive, a business database management 
applications and online data storage firm, said it has changed its name to 
Xdrive Technologies to expand its brand identity and to reflect the broad 
range of its products. XDrive Technologies also said it has established its 
headquarters in Santa Monica. In May of this year, the company raised $45 
million in a Series C round of financing led by investor Wit SoundView 
Ventures. 
	http://www.xdrive.com
	
	Real Estate ASP SmartCity Announces Itself
	?	?	CAMBRIDGE, Mass. (VENTUREWIRE) -- SmartCity, which develops Internet ?applications for the real estate industry, announced itself. The company said ?it will soon launch a subscription-based listings application for posting ?properties to Web sites, and intends to offer real estate agents and brokers ?a one-year free trial of its service. The company, which has raised $800,000 ?to date from individuals in the real estate industry, said it is in the ?middle of raising an additional $2 million as part of its still-open Series ?A.    ?	http://www.smartcity.com?	?	m&a?	??	E-Learning Firm Blackboard Buys Campus Commerce, ID Firms?	
	
	WASHINGTON (VENTUREWIRE) -- Blackboard, an electronic learning Internet 
infrastructure software company, said it has reached an agreement to acquire 
AT&T Campuswide Access Solutions, which iCollege had previously agreed to 
acquire, and CEI SpecialTeams from iCollege for an undisclosed amount. 
Blackboard is also acquiring iCollege's electronic learning Web property, 
iCollege.com. These two campus commerce and ID platforms will be merged to 
form Blackboard CampusWide Transaction Solutions. Blackboard is backed by 
America Online, Dell Computer,  Pearson, Aurora Group, The Carlyle Group, 
Internet Capital Group, Kaplan, Merrill Lynch Kecalp, and Novak-Biddle 
Venture Partners.    
	http://www.blackboard.com
	http://www.icollege.com
	
	new directors
	?
	Competix Adds VC Firm Founder and Ex-NetGravity CEO to Board
	?	?	BURLINGAME, Calif. (VENTUREWIRE) -- Competix.com, which provides online loan ?automation services, said it appointed Marty Stein and Eric W. Spivey to its ?board of directors. Mr. Stein is founder and president of Sonoma Mountain ?Ventures, and is also a partner at RSA Ventures. Mr. Stein was also former ?vice-chairman at Bank of America. Mr. Spivey was formerly chairman and CEO of ?NetGravity, a provider of advertising and marketing services. Competix.com is ?funded by JP Morgan, Trans Union, Bank of Montreal, and American Management ?Systems. ?	http://www.competix.com?	?	Communications Apps Firm UReach Names Board Chairman?	
	
	HOLMDEL, N. J. (VENTUREWIRE) -- UReach, which makes unified communications 
products, services, and applications, said it has appointed Semir D. Sirazi, 
a former executive at U. S. Robotics, as chairman of the board. UReach raised 
$16 million from Banc One and Argo Global Capital in a third round of 
financing last month. The company's applications include call processing 
components such as call forwarding, find me/follow me services and virtual 
calling cards; messaging services such as email, voicemail and faxes; and 
address book, calendar and document storage.   
	http://www.ureach.com
	
	Site Structuring Firm Synquiry Adds BuyerZone Exec to Board
	?	?	BELMONT, Mass. (VENTUREWIRE) -- Synquiry, which develops content and site ?structuring software for Internet marketplaces, said it has appointed Steven ?Wishner to its board. Mr. Wishner is the CFO of BuyerZone.com, developer of a ?business-to-business Internet marketplace. Synquiry raised $800,000 in a ?Series A round led by Watermill eVentures in September of this year.   ?	http://www.synquiry.com?	?	new people?	??	Job Matching Service iGeneration Names President and CEO?	
	
	SAN FRANCISCO (VENTUREWIRE) -- iGeneration, which connects Internet 
professionals with jobs, said that Gary Millrood has joined the company as 
president and CEO. Mr. Millrood will also join the board of directors. Toby 
Corey, iGeneration's co-founder and former CEO, will continue to serve as 
chairman of the board. Mr. Millrood previously worked on the management teams 
for Hungry Minds, an online learning company; Ziff Davis' ZD Studios 
division; and Internetwork, a monthly magazine focused on the Internet. He 
most recently served as executive vice president of business development, 
sales and marketing with IDG Books after it acquired Hungry Minds. 
iGeneration is backed by Intend Change, Softbank, Wheatley Partners, 
eCompanies, Chase H&Q, Point West Capital, and individual investors.  
	http://www.igeneration.com
	
	Interior Design Marketplace DesignCenter360 Names First CEO
	?	?	NEW YORK (VENTUREWIRE) -- DesignCenter360, which is building a ?business-to-business Internet marketplace for the interior design industry, ?said it appointed Anthony Basile as its first chief executive officer.  ?Leslie Sadler, who had been acting CEO, will remain as the company's ?president. Prior to joining the company, Mr. Basile was vice president at ?Dakota Jackson, a high-end furniture manufacturer. DesignCenter360 plans to ?launch early in 2001 and is funded by Riverside Management Group and ?individual investors.?	http://www.dc360.com?	?	Pricing Technology Firm Optivo Names Former Oblix Exec CEO?	
	
	PALO ALTO, Calif. (VENTUREWIRE) -- Optivo, developer of technology that can 
be used by e-commerce vendors to adjust prices in response to changing market 
conditions, said it named Robert Drescher as its president and chief 
executive officer. Andy Atherton, the company's co-founder and acting 
president, remains with the company as vice president of business 
development. Prior to joining the company, Mr. Drescher was vice president of 
marketing for Oblix, a developer of Internet business infrastructure 
software. Optivo, formerly known as Resonant Commerce, is funded by Norwest 
Venture Partners and individual investors. 
	http://www.optivo.com
	
	Tenant Screening Firm SafeRent Names CEO, President
	?	?	DENVER (VENTUREWIRE) -- SafeRent, which runs an online tenant screening and ?risk management service for the apartment industry, said Linda Bush, former ?president and COO, has been appointed CEO. Scotte Hudsmith, former COO and ?CFO at Sienna Imaging, a digital photographic technology firm, will join ?SafeRent as the new president and COO. In May of this year, SafeRent raised ?$7 million in its first round of venture financing led by Boulder Ventures.   ?	http://www.saferent.com?	?	Automated Trading Systems Names CEO, President?	
	
	NEW YORK (VENTUREWIRE) -- Automated Trading Systems, which develops 
applications for the insurance and trading industries, said chairman Don 
Weeden, also chairman of Weeden Securities, has been appointed interim CEO. 
Glenn Phillips has been named president and COO. Automated Trading Systems is 
backed by Softbank Tech Ventures, Zero Stage Capital, and financial industry 
individuals. Telephone 203-406-8800 Ext. 11.  
	
	vc fund news
	?
	Hyperion Partners Closes on $73 Million of $100 Million Fund
	?	?	ROSH HA'AYIN, Israel (VENTUREWIRE) -- Hyperion Partners said it raised $73 ?million of a $100 million fund, Hyperion III, which it expects to close by ?January of 2001. The firm focuses on early stage start-ups in the broadband, ?wireless, and Internet commerce technology sectors in Israel. Investors in ?the fund include the Alrov Group, Bank Hapoalim, Clal, Credit Suisse First ?Boston, ECI Telecom, GMAC, Paolim Capital Markets and Paolim Investments, and ?Silicon Valley Bank. The firm expects to make investments between $1 million ?and $10 million in each portfolio company with the average investment size ?between $3 million and $5 million per round. The fund already has earmarked ?money for portfolio companies in the telecommunications and Internet ?infrastructure sectors. Hyperion is based in Israel and Uniondale, New York. ?Telephone 516-745-6644.?	?	Crosspoint Confirms It is Delaying $1 Billion Fund?	
	
	WOODSIDE, Calif. (VENTUREWIRE) -- Crosspoint Venture Partners confirmed 
reports that it has postponed its ninth fund, which had commitments totaling 
over $1 billion. The company cited the dip in the stock market; market 
congestion for young companies; and a concern that good companies will have a 
hard time in the current market as the main reasons for the postponement. The 
firm said it wants to make sure it generates returns its limited partners are 
used to getting. Crosspoint said there is enough money in its $854 million 
2000 fund to finance a few new companies should it see fit, but will now 
mainly focus on bringing its existing young companies to profitability. The 
firm said it plans to continue with the fund at an undetermined point in the 
future and expects that its committed limited partners will continue with the 
firm. 
	http://www.cpvp.com
	
	vc personnel
	?
	Former Sun Microsystems Exec Joins Gabriel Venture Partners
	?	?	REDWOOD SHORES, Calif. (VENTUREWIRE) -- Gabriel Venture Partners, which ?invests in communications, information technology, and Internet companies, ?said it has appointed Joe Roebuck as a partner in the Gabriel Fund II, which ?remains open. He will have an advisory role for portfolio companies. Mr. ?Roebuck was a sales and operations executive at Sun Microsystems for two ?decades.     ?	http://www.gabrielvp.com?	?	Redleaf Group Opens Boston Office, Names Managing Director?	
	
	BOSTON (VENTUREWIRE) -- Redleaf Group, a technology operating company that 
provides services and capital for seed stage Internet technology companies 
said it opened a Boston office and named David Diamond as managing director. 
Redleaf now has offices in ten cities. Mr. Diamond previously served as 
general manager of corporate technology planning at Verizon Communications 
and served as the general manager of emerging business operation at BBN, 
which was acquired by GTE.  Redleaf's strategic investors include Safeguard 
Scientifics, Novell, VentureBank@PNC, Mellon Ventures, and Hewlett-Packard.  
	http://www.redleaf.com
	
	vw amplification
	?
	Cerida 
	?	?	NEW YORK  (VENTUREWIRE) -- Cerida, formerly known as Telesales, made ?available additional details about its round of funding, which was reported ?in yesterday's VentureWire. The company received $6 million in the round, of ?which Berkshire Capital Investors invested $1 million. Brad Svrluga, ?principal at BCI, Tod Hibbard of Fleet Development Ventures, and Mark ?Morrissette of North Atlantic Capital joined the company's board of directors.?	http://www.cerida.com?	?	vw corrections?	??	Three Arch Capital Partners?	
	
	NEW YORK (VENTUREWIRE) -- Yesterday's VentureWire story about a new $200 
million fund raised by Three Arch Capital Partners omitted Mike Kaplan from 
the list of partners who will manage the fund.
	
	company index
	?	?	724 Solutions, ACCESS International, Ariba, Blackboard, Brightpod, C Within, ?Cerida, Clarendon Photonics, Competix.com, Crosspoint Venture Partners, ?Crosspoint Venture Partners, DemandTec, DesignCenter360, E2O Communications, ?El Dorado Ventures, FirstDoor.com, Gabriel Venture Partners, Heart Center ?Online, iCollege, iGeneration, INEA, Integrated Development Enterprise, iVMG, ?Latinia, MaMaM! edia, Medschool.com, Optivo, Parachute, ProcureZone.com, ?ProSeed Capital Holdings, RealTimeImage, Redleaf Venture Management, Saferent?, SmartCity, Softbank, Spintopia.com, Synquiry Technologies, Tantau Software, ?Tapestria, uReach, Vectiv, Whereoware.com, Xdrive, YAbA?	?	?	?	Where will you find the world's leaders in the optical?	communications industry discussing the latest trends,?	developments, and future direction of the field??	Optix2001 Feb 11-14 in Pasadena CA.?	?	Be on the cutting edge of optical communications technology?	with industry experts and scholars such as Joe Bass, VP and?	GM of the Wavelength Routing Business Unit at Cisco Systems,?	and John E. Bowers, Professor and Director of the?	Multidisciplinary Optical Switching Technology Center at?	UC Santa Barbara.?	?	Also participating are CEOs from the top 48 optical?	communications organizations, providing attendees with an?	unparalleled inside look at the companies and players in?	this dynamic field.?	?	Participation at this event is subject to approval and is?	limited to senior executives involved in the optical?	communications industry. For your registration pack link ?to:http://www.optix2001.com/optix_reg.html?	?	?	investor index?	
	
	AC Ventures, Allen & Co., Altos Ventures, Athena Technology Ventures, Belkorp 
Industries, Cambridge Technology Partners, campsix, Cargill, Challenge Fund, 
CNF Transportation, Convergence Partners, Crosspoint Venture Partners, Crow 
Holdings, Delphi Ventures, Discovery Ventures, dmg world media, Dominion 
Ventures, DOR Ventures, Economic Development Board of Singapore, Fortune 
Venture Capital, Foxconn Optical Technology, GE Equity, G! eorge Little 
Management, HarbourVest Partners, Hunter Douglas, ING Barings, Intel 64 Fund, 
Leeds Equity Partners, Lehman Bros. Venture Partners, Mitsui, New Enterprise 
Associates, New Enterprise Associates, Newbury Ventures, Nonstop Solutions, 
OneLiberty Ventures, Paradigm Capital Partners, Paragon Investments, Patricof 
& Co. Ventures, PRTM, Scitex, Sevin Rosen Funds, Sterling Payot, SunAmerica 
Ventures, TDA Capital Partners, Ventures West Management, Vortex Partners, 
Windward Ven! tures
	
	
	
	
	
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