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Venture Capital
needhamcapital.com

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Investments

106

Portfolio Exits

36

Funds

7

About Needham Capital Partners

Needham Capital Partners (NCP) manages funds that primarily invest in the equities of private growth companies. NCP is part of Needham Asset Management, which manages over $1 billion in funds that invest in public and private equities. The most recent fund is Needham Capital Partners III, L.P., which closed in early 2001, having raised $240 million of capital from its Limited Partners. Additional funding is available through a subsidiary. It is the successor to two successful prior fundsâÂ"NCP (formed in 1994) and NCP II (formed in 1998).

Needham Capital Partners Headquarter Location

3000 Sand Hill Road Building 2, Suite 190

Menlo Park, California, 94025,

United States

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Latest Needham Capital Partners News

Sypris Solutions Inc. (SYPR) Raised at Needham

Aug 6, 2014

By WSP Aug 6, 2014, 8:30 AM Author's Blog   In a report published Wednesday, Needham Capital Partners analysts upgraded their rating on Sypris Solutions Inc. (SYPR) shares from ‘Hold’ to ‘Buy’ and set a price target of $6.00 per share. In the report, Needham noted that SYPR’s electronics business, a segment which has affected the co.’s EPS negatively in the past, is showing signs of improvement in the Aerospace & Defense market. Needham believes these improvements should continue in the second half of fiscal 2015. Sypris closed at $3.91 at the end of Tuesday’s trading session, printing a solid one-year return of about 19% and year-to-date return of around 27.78%. Ticker currently trades at a forward P/E of 9.91 and a P/E to growth ratio of 1.75. Price/Sales for the t-12 period is at 0.24 while EPS is negative at ($0.10). Needham’s target price suggests a potential upside of 53.45% from the company’s premarket trading price. Other valuation measures show Sypris’ trailing-12 profit margin currently standing at (-0.56%) while operating ones are at (-0.34%). The $76 million market cap company reported $19.07 million in cash vs. $23.00 million in debt in its most recent quarter. SYPR has a 52 week low of $2.52 and a 52 week high of $6.50. The stock’s 50-day moving average is $5.22 and its 200-day moving average is $3.88. The chart below shows where the equity has traded over the last 52 weeks, with the 50-day and 200-day MAs included. The equity is up 4.35% in early trading, widening its monthly decline to 27.03%. Sypris Solutions, Inc. provides outsourced services and specialty products primarily in the U.S., Mexico, Denmark, and the United Kingdom. The company was founded in 1954 and is headquartered in Louisville, Kentucky. SHARE:

Needham Capital Partners Investments

106 Investments

Needham Capital Partners has made 106 investments. Their latest investment was in Biocept as part of their Growth Equity - II on February 2, 2011.

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Needham Capital Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/16/2011

Growth Equity - II

Biocept

$6M

No

9/14/2010

Series D

SpaceClaim

$7M

No

3/11/2010

Growth Equity

Biocept

$3.6M

No

7/23/2009

Series G

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$99M

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0

3/20/2009

Series C

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$99M

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0

Date

2/16/2011

9/14/2010

3/11/2010

7/23/2009

3/20/2009

Round

Growth Equity - II

Series D

Growth Equity

Series G

Series C

Company

Biocept

SpaceClaim

Biocept

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Amount

$6M

$7M

$3.6M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

0

0

Needham Capital Partners Portfolio Exits

36 Portfolio Exits

Needham Capital Partners has 36 portfolio exits. Their latest portfolio exit was INNOViON on August 12, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/12/2020

Acquired

3

9/1/2017

Acquired

4

5/1/2014

Acquired

$99M

1

2/5/2014

IPO

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$99M

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10

10/2/2012

Acquired

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$99M

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10

Date

8/12/2020

9/1/2017

5/1/2014

2/5/2014

10/2/2012

Exit

Acquired

Acquired

Acquired

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

3

4

1

10

10

Needham Capital Partners Acquisitions

4 Acquisitions

Needham Capital Partners acquired 4 companies. Their latest acquisition was Ceradyne on January 06, 2003.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/6/2003

$99M

Acq - Fin

10/15/2001

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$99M

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0

3/7/2000

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$99M

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0

11/21/1989

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$99M

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10

Date

1/6/2003

10/15/2001

3/7/2000

11/21/1989

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

$99M

Total Funding

Note

Acq - Fin

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Sources

0

0

10

Needham Capital Partners Fund History

7 Fund Histories

Needham Capital Partners has 7 funds, including Needham Capital Partners III LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/21/2001

Needham Capital Partners III LP

Late-Stage Venture Capital

Closed

$240M

1

2/1/2001

Needham Capital International III Ltd.

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$99M

10

12/31/1999

Needham Capital International

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$99M

10

8/1/1999

Needham Capital SBIC II LP

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$99M

10

4/1/1998

Needham Capital Partners II LP

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$99M

10

Closing Date

12/21/2001

2/1/2001

12/31/1999

8/1/1999

4/1/1998

Fund

Needham Capital Partners III LP

Needham Capital International III Ltd.

Needham Capital International

Needham Capital SBIC II LP

Needham Capital Partners II LP

Fund Type

Late-Stage Venture Capital

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Status

Closed

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Amount

$240M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Needham Capital Partners Team

9 Team Members

Needham Capital Partners has 9 team members, including current Managing Director, Glen Albanese.

Name

Work History

Title

Status

Glen Albanese

Managing Director

Current

Jack J. Iacovone

Managing Director

Current

John Prior, Jr.

General Partner

Current

George Needham

General Partner

Current

John J. Prior

General Partner

Current

Name

Glen Albanese

Jack J. Iacovone

John Prior, Jr.

George Needham

John J. Prior

Work History

Title

Managing Director

Managing Director

General Partner

General Partner

General Partner

Status

Current

Current

Current

Current

Current

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