Millennium Technology Ventures ©, L.P. (MTV), is a New York-based
venture capital fund that has been making investments in innovative technology
companies since 2000.
MTV's process of investing capital draws from the venture capitalist's vision,
an informed view of the future of technology markets, and value-added company-building skills.
The current emphasis in MTV's investment strategy is on later-stage investments.
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Selected highlights of MTV's portfolio include the sale of one
of its first investments, Phobos, to a public company SonicWALL (NASDAQ: SNWL)
in a holding period of less than 12 months; two successful PIPE investments (Private
Investments in Public Equities), including the fund's leadership role in a pathbreaking
$101 million PIPE in 2001 for Internap (AMEX: IIP) as well as its investment
in Indus International (NASDAQ: IINT); and biotech and health care-related investments
that have had successful IPOs such as Dov Pharmaceutical (NASDAQ: DOVP).
Several of MTV's investments since 2002 have been acquired in
secondary transactions from leading corporate and financial investors. These
include MTV's investments in Requisite Technology, Axsun Technologies, and Agility
Communications.
In addition, several of the companies Millennium helped found
over the last few years are emerging as leaders on the landscape of technology's
future. These companies include Applied Minds, Inc., OpenPeak Inc., World Wide
Packets, Inc., and Aventail Corporation. |
