March 08, 2004
Woodside Fund Closes Fund V
Veteran, Early-Stage Venture Capital Firm Celebrates
Monday, March 8, 2004 – Redwood Shores, CA
- Woodside Fund, an early-stage venture capital firm, today announced
and final close of Woodside Fund V, L.P., a new equity fund capitalized
at $146 million. A strong majority of the existing investor base
participated in the oversubscribed fund. With the creation of this
Fund, Woodside Fund’s total capital under active management
exceeds $330 million. Woodside has a strong track record of investment
successes, with IPOs including AccelGraphics, Innova Corporation,
and InterTrust Technologies and healthy returns on acquisitions
such as HotRail and Convoy.
Woodside plans to make 15 to 20 investments
over the life of the Fund, with total investments ranging from
$5 million to $15 million
per company. Consistent with the focus of the firm’s prior
funds, Woodside V will continue to invest in West Coast-based,
early-stage technology companies in the enterprise software, fabless
semiconductor and networking infrastructure sectors. Typically
the lead investor, Woodside Fund has board representation in over
90% of its portfolio companies.
“Over the past 20 years Woodside’s disciplined investment
strategy and team approach have helped us secure investments in
promising companies at attractive valuations. Our fund size allows
us to stick to our roots of providing the type of hands-on support
entrepreneurs expect from Woodside,” said Vincent M. Occhipinti.
Since 1983, Woodside Fund has benefited from the continuity and
extensive founder, operating, and investment experience of its
nine-member investment team. Prior to joining Woodside Fund, six
investment team members had founded, built, and successfully exited
technology companies. Fund V is managed by Managing Directors Vincent
M. Occhipinti, Robert E. Larson, Daniel H. Ahn, and John C. Occhipinti;
Partner Thomas A. Shields; and Venture Partner Rick Shriner.
Woodside Fund was founded on a fundamental principle - to build
equal partnerships with entrepreneurs. We treat our entrepreneurs
as we would like to be treated ourselves, and as a result we have
built strong, lasting relationships with outstanding entrepreneurs
and created a broad testimonial base in the entrepreneurial community
overall,” said, Daniel H. Ahn.
The Fund will be celebrating
its 20th Anniversary with its entrepreneurs and investors on
Thursday, March 11, 2004, at its headquarters
in Redwood Shores, California. If you are interested in hearing
more about this invitation-only event, please contact The Blueshirt
Group at 415-217-7722.
About Woodside Fund
Woodside Fund is a leading venture capital firm that excels in
developing seed- and early-stage technology companies. Founded
in 1983, the Fund attributes its long record of success to
the high value it places on building productive partnerships
entrepreneurs, other investors and service providers. Typically
a lead investor,
Woodside Fund invests from $5 million to $15 million in early-stage
enterprise software, fabless semiconductor and network infrastructure
companies located on the West Coast. Woodside Fund has more
than $330 million in capital under active management. For more
go to www.woodsidefund.com.
related questions or comments, please contact June Parina at email@example.com
or phone 415.217.7722.