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NEWS AND EVENTS:
PRESS RELEASE
 

CENTERPOINT VENTURES ANNOUNCES $300 MILLION FUND

Venture Firm’s Third Fund to Be Invested in Communications Infrastructure, Semi-conductor, and Business Software Technology Companies.

AUSTIN, Texas | June 18, 2021 Texas-based venture capital firm CenterPoint Ventures today announced the formation of a third fund, CenterPoint Venture Fund III, L.P., with total commitments of $300 million.&  he Fund will invest in companies seeking early-stage funding within the communications infrastructure, business software technology, semiconductor and emerging technology sectors.

Fund III will enable CenterPoint to invest an average of $10 to $15 million in each company staged over several rounds of financing.&  enterPoint expects to invest the capital from this Fund over the next three to four years in young companies that can leverage the experience of CenterPoint Ventures’ partners: Bob Paluck, Terry Rock, Kent Fuka, Cam McMartin and Coyne Gibson.&  he firm’s partners have personally built, taken public and sold companies and have guided start-ups through record-setting initial public offerings.&  hey have also served as executives and board members at successful technology companies, including Convex Computer Corporation, Tivoli Systems and Dazel Corporation.

&  #8220;We seek out relationships with entrepreneurs who can build technology product companies that can change the dynamics of a market,” said Managing General Partner, Bob Paluck. “Our collective backgrounds give us the foundation to help build large, successful companies that are recognized leaders in their respective sectors, ultimately benefiting everyone involved.”

L.J. Sevin and Berry Cash will serve as strategic advisors to the Fund.&  s the co-founder of Sevin-Rosen Funds and Mostek Corporation, L. J. Sevin has led investments in Compaq and Lotus as well as dozens of other successful IT ventures.&  erry Cash is the General Partner of InterWest Partners and serves on numerous Boards including i2 and Ciena.

CenterPoint is currently invested in 35 companies, most of which are based in Dallas and Austin.&  ublic companies in the Fund I and II portfolios include Austin-based Silicon Laboratories and Active Power.&  ther successful ventures include Chorum, Chiaro and Scale 8, among many others.&  enterPoint is the lead investor in more than 60 percent of its investments and holds a board seat or advisory position in 90 percent of its portfolio companies.&  /font>

To date, Fund III has closed a total of $270 million in committed capital.&  he final closing, rounding out the $300 million Fund, is scheduled for mid-July.&  /font>

About CenterPoint Ventures
With offices in Dallas and Austin, CenterPoint Ventures Fund III brings the Firm’s total to $450 million under management.&  he firm invests primarily in Texas-based companies that reflect its collective knowledge base and industry experience.&  he partners usually obtain board positions with their portfolio companies and provide mentoring and leadership to the management teams.&  enterPoint’s portfolio companies in Austin include Applied Science Fiction, Silicon Labs, Active Power, Thinkwell, Netbotz, Powered, LoanFirst, Startech Early Ventures and Medical Present Value.&  allas based companies include Alibre, Chiaro, Chorum, Com-Space, ChipData, GlobeRanger, Metro-Optix, OraMetrix, PowerUp Networks, and Xtera.&  ther national and international investments include Delsys Pharmaceutical Corporation,&  dge Medical Devices, The Infrastructure Fund, Scale 8, Alfalight, and Photon-X.&    or more information about CenterPoint Ventures, visit
http://www.cpventures.com.

CenterPoint Ventures: Venture capital from people who have built successful ventures.

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