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Fall 2010 | Commonwealth Capital Ventures Newsletter
Greetings!
Welcome to the Fall 2010 Commonwealth Capital Ventures Newsletter. Since we came to you last, we have been very busy and have quite a bit of news to share including the official announcement of a new team member, two exciting new investments, and plenty of activity from our portfolio companies. You can read the complete details of these and other developments below.
We remain committed to patiently backing entrepreneurs that are capable of building companies that create long-term value. If you have a company or an idea that has the potential for long-term success, we invite you to visit with us to see if we can be a value-added partner as you grow your business.
All the best,
The Commonwealth Capital Ventures Team
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Commonwealth Welcomes Alex Laats
|  We at Commonwealth Capital Ventures are very excited to announce that Alex Laats joined the team as a General Partner in April. Alex was previously a Venture Partner at Commonwealth and most recently was the President of BBN's Delta Division. BBN, a CCV III portfolio company, was acquired by Raytheon in October 2009. Alex was also previously the chairman, COO and co-founder of NBX Corporation, a Commonwealth-backed manufacturer of VoIP-based business communications systems. NBX was successfully acquired by 3Com Corporation.
Read the full announcement that we published in April
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New Investments
|  Sand 9: In May, Commonwealth led a $13MM Series B investment in Sand 9. Sand 9 is an early stage technology company dedicated to the design of components that will increase the capabilities of electronic devices and improve reliability at a lower cost than incumbent components. The company is introducing a disruptive MEMS-based oscillator to replace quartz crystal frequency sources in high performance applications such as 3G cellular, GPS and other communications. The funding will be used to accelerate sales and marketing and to expand product manufacturing to volume shipment levels.
More
Acacia: In June, Commonwealth co-led a Series B investment in Acacia. Acacia is an early stage company that has assembled an expert team to create highly differentiated optical subsystems, initially targeting the emerging 100-Gigabit/sec (100G) market. Commonwealth was joined in the B round by Series A investors Matrix Partners and OFS.
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Recent Fundings
|  Vela Systems closed on a $6MM Series B round of equity financing led by new investor Autodesk, Inc. (NASDAQ: ADSK). Series A investors Commonwealth, GrandBanks, and CommonAngels also participated in the round. The funds will be used to continue expansion and to build on product and market development.
More
 ByAllAccounts raised $5MM in Series B funding in September to build on its momentum in the institutional financial account aggregation market. The round was led by Castile Ventures with participation from existing investor Commonwealth.
More
 The Echo Nest secured a $7MM follow-on investment in October. The round was led by Matrix Partners with participation from existing investors Commonwealth and several angels. The funds will be used to support growth of the company's music intelligence platform and expand its team.
More
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Portfolio Company News
|  SoundBite Communications in September was ranked #1 for customer satisfaction in Ovum's Proactive Customer Communications Report More
 Crossbeam Systems and Check Point / McAfee expand strategic partnership, giving customers a unified solution with premium support More
 Antenna Software was named by IDC in "2010 Innovate Software Companies Under $100M to Watch" Report More
 CloudSwitch in July won the 2010 Cloud Security Challenge sponsored by HP Labs. CloudSwitch beat strong contenders from all over the world. More
 JAZD Markets announces partnerships with Brainshark, Technology Business Research, and others More
 Tungle was named Official Scheduling Application for BlogWorld 2010; extending scheduling support for blog platforms More
 AccuRev was named 2010 SD Times 100 Software Configuration Management Innovator More
 Kadient and The Sant Corporation announced a merger, combining dominant providers of on-demand sales enablement solutions More
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Contact Information:
Commonwealth Capital Ventures
Bay Colony Corporate Center
950 Winter Street
Suite 4100
Waltham, MA 02451
phone: 781.890.5554
website: www.commonwealthvc.com
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 | | Commonwealth Capital Ventures is a leading venture capital firm focused on software & services, Internet & digital media, communications & wireless, and instruments & systems investments. Since its inception in 1995, the firm has invested in roughly 100 high-growth companies. Commonwealth currently manages more than $580 million of committed capital across four funds. To learn more about our team, click here. |
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General Partners
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from Constant Contact, a Commonwealth Capital Ventures
portfolio company.
To easily create, deliver, and manage email marketing campaigns,
visit the Constant Contact website for a free trial.
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