Advanced Technology Ventures

About: Founded in 1979, ATV (Advanced Technology Ventures) is a bi-coastal venture capital firm with more than $1.8 billion in capital under management. The firm works closely with entrepreneurial teams in several technology markets, including IT, healthcare and cleantech, to transform emerging-growth companies into market leaders. After nearly 30 years, ATV has established a track record of success helping to build strong, sustainable companies. ATV has offices in Palo Alto, CA and Waltham, MA.

www.atvcapital.com

Key Personnel:
General Partners: Steve Baloff, Mike Carusi, Jean George, Bob Hower, Bill Wiberg

Portfolio:
Cleantech
– AltaRock Energy, CaliSolar, Coskata, GreatPoint Energy, Nuventix, Oasys Water, Rive Technology, Solar Junction, Sub-One Technology, Wakonda Technologies

News: ATV was created when Dr. Thaddeus (Teddy) F. Walkowicz left Venrock, a venture capital firm associated with the Rockefeller family, to team up with Dr. Ivan Sutherland, George Kokkinakis and Dr. Robert Loewy. Together they founded Advanced Technology Ventures.

Investment funds:
1981 – ATV I closes with $30.2M
1994 – ATV II closes with $28M
1988 – ATV III closes with $30.7M
1995 – ATV IV closes with $100M
1998 – ATV V closes with $175M
1999 – ATV VI closes with $400M
2001 – ATV VII closes with $720M
2007 – ATV VIII closes with $305M
Source: Wikipedia

In Dec 2008, Coskata Inc., a leading developer of next generation biofuel technology, announced that it has closed a Series C equity financing transaction. The Blackstone Group of New York is the lead investor in the round, which marks one of the first investments made by the firm’s newly formed Cleantech Venture Partners fund. Coskata will use the funding to complete their demonstration facility located near Pittsburg in early 2009, and to initiate engineering and design work on the company’s first full-scale commercial facility. In addition to Blackstone Cleantech Venture Partners, new investors include Sumitomo and Arancia. Notably, several of Coskata’s earlier Series A and Series B investors also participated meaningfully in the round, including Khosla Ventures, Advanced Technology Ventures, Globespan Capital Partners, and TriplePoint Capital. The valuation and terms of the financing round were not disclosed.

atv

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