April 26, 2001
Woodside Fund Leads Series B Round
For Intelligent Markets
Redwood Shores, CA -- April 26, 2001 -- Woodside Fund is
a lead investor in the $10 million Series B round of preferred financing
for Intelligent Markets. Intelligent Markets is a leading provider
of comprehensive trading solutions for securities dealers, consortia
and exchanges serving the institutional financial markets. Its solutions
provide automated contingent order execution, computer learning
technology which alerts professionals to transaction opportunities,
and a robust and scalable architecture built for institutional markets.
Prior investor Oak Hill Venture Partners and new investor Pacific
Ventures also participated in the round.
With the movement toward electronic trading in institutional markets,
securities dealers face the challenge of providing sophisticated
trading capabilities to their clients without losing the first-hand
client and market knowledge which is currently exchanged over the
phone. Intelligent Markets builds systems that utilize computer
learning to allow dealers to move their sales and trading operations
into the electronic age while actually enhancing personalized client service.
“We selected Woodside Fund to lead our financing due to their hands-on
commitment to their companies, extensive operating experience, and
reputation for integrity and relationship building,” says Carl Huttenlocher,
Co-Founder and CEO.
“We see a tremendous opportunity for Intelligent Markets to enable
dealers to greatly enhance the efficiency with which they do business
with their customers,” commented Daniel Ahn, partner at Woodside
Fund. “The combination of their world class engineering team and
deep vertical market domain experience is entirely unique and very
compelling for us,” adds Woodside Fund partner John C. Occhipinti.
Mr. Ahn joins the company’s board of directors.
About Woodside Fund
Founded in 1983, Woodside Fund has one of the longest and strongest
track records of success in early stage venture capital investing.
The firm has grown to four funds with over $225 million under management.
Woodside Fund's latest partnership, Woodside Fund IV, which had
its final close in March, 2000, invests between $5 and $12 million
in early stage ventures in Internet Protocol infrastructure and
e-Commerce infrastructure companies, and is focused on Northern
California and the West Coast. The Fund typically serves as the
lead or co-lead investor in its portfolio companies.