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Issue #2003 - 20 (June 2003)
(Updated June 30, 2003)


VC Investments in Wireless This Week

Recent Investments

Visto Raises $50,400,000 in Mezzanine Round [Mountain View, CA] 
Visto is a provider of enterprise and carrier-mobility software and services.
INVESTORS: Allegis Capital, Blueprint Ventures, Draper Fisher Jurvetson, Oak Investment Partners, Rustic Canyon Group, VantagePoint Venture Partners

Vivato Raises $44,500,000 in Third Round [San Francisco, CA] 
Vivato is a wireless networking infrastructure company and creator of Wi-Fi switching.
INVESTORS: Advanced Technology Ventures (Lead), Intel Capital, Leapfrog Ventures, U.S. Venture Partners, Walden International Venture Partners

Spatial Wireless Raises $27,000,000 [Richardson, TX] 
Spatial Wireless develops and provides next generation wireless networking services through carrier-class core switching elements.
INVESTORS: Austin Ventures, Dali, Hook Partners, Genesis Campus, Qualcomm, Sequoia Capital

SoloMio Raises $6,500,000 in Second Round [Austin, TX] 
SoloMio is a global software provider for mobile phone operators. 
INVESTORS: Austin Ventures, Koch Ventures, Partech International, Techxas Ventures

Tropos Networks Raises First Round Add-on from Intel Capital [San Mateo, CA] 
Tropos manufactures systems used to build metro-scale Wi-Fi networks.
INVESTORS: Intel Capital (Lead)

Trapeze Networks Raises $34,000,000 in Second Round [Pleasanton, CA] 
Trapeze Networks provides integrated wireless mobility infrastructures designed to address the challenges associated with implementing WLAN on a corporate network, including secure mobility, WLAN planning and management, and seamless integration. 
INVESTORS: Oak Investment Partners (Lead), Accel Partners, C.E. Unterburg, Towbin, Castile Ventures, Duff Ackerman & Goodrich, Redpoint Ventures

Defywire Raises $4,500,000 in First Round [Reston, VA] 
Defywire provides mobile infrastructure software designed to enable wireless connectivity throughout the enterprise.
INVESTORS: Intersouth Partners (Lead), Anthem Capital, The Washington Dinner Club

ipUnplugged Raises $4,300,000 [Sweden] 
ipUnplugged develops networking products for mobile networks.
INVESTORS: Ledstiernan, Mobile Internet Capital, Swedish Industrial Development Fund

Landmark Networks Raises $3,200,000 in First Round [Honolulu, HI] 
Landmark Networks is a wireless technology company that develops networking equipment to deploy large Wi-Fi networks. 
INVESTORS: Menlo Ventures

Bitfone Raises New Funding [Laguna Niguel, CA] 
Bitfone provides software solutions for mobile device management.

Smartner Information Systems Raises $5,900,000 [Finland] 
Smartner develops mobile business solutions for mobile operators and service providers.
INVESTORS: Amadeus Capital Partners (Lead), EQVITEC Partners, IT Provider, Sitra

For more information: http://www.venturereporter.com

MobileInfo Comments and Advisory: Investment pace has picked up and rounds are getting bigger. Wi-Fi and W-Max (Wireless MAN) continue to interest VCs.

Note: This news release may contain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of Securities Exchange act of 1934 in USA. Similar provisions exist in other countries. There is no assurance that the stipulated plans of vendors will be implemented. MobileInfo does not warrant the authenticity of the information. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures.  All trademarks used in this summary are the property of their respective owners.

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