Led · Equity · Jan 2019

Aduro partners with organizations to provide their people strategies and tools to realize personal and workplace success across health, finance, sustainability and personal growth. The company uses a science-based human performance approach and an advanced digital platform. It delivers a connected native experience that combines personalized content with human connection. Leadership includes Dr. Darren White, CEO, and Chris Dickinson, Chief Business Officer. Aduro received a $22M strategic investment. The company said it will collaborate to accelerate innovation and expand globally.

Led · Equity · Jul 2016

StackPath operates a global edge network infrastructure that delivers enterprise-grade security and performance through an on-demand platform with cloud-scale control and flexibility. The company offers secure edge services that enable developers to protect, accelerate, and innovate cloud properties ranging from websites to media delivery and IoT services. Led by CTO Wen Temitim and CEO/Chairman Lance Crosby, StackPath serves a diverse customer base including Fortune 500 enterprises and individual developers across digital media, gaming, ad tech, software development, and e-commerce. Emerging from stealth in 2016, the company has built out its platform and infrastructure since then. StackPath intends to use the new funds to accelerate growth, product development, engineering, and go-to-market activities. The article reports equity raised to date of $396M. StackPath is launching a security-as-a-service platform that bundles content delivery, web application firewalling, DDoS mitigation and consumer VPN services delivered via APIs and informed by machine learning. The company plans to start with secure content delivery (leveraging MaxCDN technology) and roll out tiered pricing in August ranging from $20 to $600 per user per month depending on features and bandwidth. Its platform integrates WAF and DDoS protections into its points of presence and centralizes threat data so services can share real-time intelligence. StackPath has already incorporated technologies from four acquisitions—MaxCDN, Fireblade, Cloak and Staminus—to provide CDN, WAF, VPN and anti-DDoS capabilities and to bring customers onto its network. Operating metrics disclosed in the articles include MaxCDN’s more than 16,000 customers and Cloak’s roughly 15,000 paying users and 1 million downloads. The team includes founder and CEO Lance Crosby and hires such as Andrew Higginbotham (COO/president) and Kim Sheehy (CFO).

Led · Equity · Feb 2015

Accela provides a unified suite of cloud solutions and a Civic Platform used by state and local governments to accelerate digital transformation and deliver services. Its platform offers agile, purpose-built solutions that give users a consumer-like experience, share data across departments, and emphasize security. Accela’s Civic Platform powers major governments and municipalities including Dallas; Seattle; the State of California; Abu Dhabi; and multiple cities and counties across Florida. The company is led by CEO Gary Kovacs and is headquartered in San Ramon, CA. Accela intends to use new funds to expand operations and broaden its business reach. Accela offers a cloud-based Civic Platform with open APIs and mobile apps to modernize civic processes for city, county, state and federal governments. The platform includes modules for land management, asset management, licensing and case management, legislative management and more. The company says its solutions make public information more accessible and serve a global installed base of more than 1,000 customers. Accela will use new capital to round out its cloud offering, expand Civic Platform capabilities, and scale worldwide sales efforts. Management frames the opportunity around the roughly $30 billion that local and regional governments spend annually on software. Accela is headquartered in San Ramon, California, with offices in San Francisco, New York, Melbourne and Dubai. Accela provides government agencies with the Accela Civic Platform, a cloud and mobile solution that streamlines and manages core processes to improve community services across land management, licensing, asset management, and public health and safety. The company serves more than 500 public agencies, including large jurisdictions such as New York City, San Francisco, Washington, D.C., Melbourne and the Emirate of Abu Dhabi, as well as smaller jurisdictions like Nogales, Roseville and Westminster. Accela is based in San Ramon, California, and maintains international offices in Australia and the United Arab Emirates. Led by president and CEO Maury Blackman, the company targets both large and small public agencies worldwide. Accela intends to use the new funding to accelerate growth and pursue strategic acquisitions.

Led · Equity · Aug 2011

Airband is a provider of fixed‑wireless voice and data services for businesses, offering Internet access, data services, VoIP, security and other solutions. The company plans to expand network coverage and capacity in its existing markets and to pursue mergers with or acquisitions of fixed‑wireless providers in other regions. Airband announced it secured $20 million in financing from ABRY Partners, which also took a seat on Airband’s board of directors. Management said the capital will be used to grow network capacity and coverage and to optimize the company’s capital structure. A year earlier Airband merged with Sparkplug, creating one of the largest fixed‑wireless companies in the United States with operations in 17 markets. Airband is a nine-year-old, Dallas-based provider of fixed-wireless broadband, voice-over-IP (VoIP) and other network management services for businesses. It currently serves 3,500 business customers across 14 US markets. The company announced a $3 million sixth-round funding to continue building out its existing network. Investors in this latest round were undisclosed. Airband has raised $73 million to date and last raised $12.5 million in 2007. Past investors include M/C Venture Partners, Crescendo Ventures, Dolphin Equity Partners, Driehaus Capital, Key Venture Partners and Sevin Rosen Funds.

Led · Equity · Aug 2011

Airband Communications is a Dallas, Texas-based provider of fixed-wireless voice and data services for businesses in the U.S. It offers a portfolio including high-speed Internet access, point-to-point data services, Voice over IP, and security. Led by CEO Michael Ruley, the company serves 17 markets across the U.S., from Atlanta and Austin to Los Angeles and Washington, D.C. Airband received a $20M equity investment from ABRY Partners to support growth. The company plans to use proceeds to expand network coverage and capacity, consolidate existing debt facilities, and acquire fixed-wireless providers with contiguous geographic operations. ABRY will take a seat on Airband’s board as part of the transaction.