Investments
123Portfolio Exits
38Funds
3Service Providers
1About Palomar Ventures
Palomar Ventures was launched in 1999 to focus on early stage information technology companies. Palomar Ventures is currently investing Palomar III, a $225 million fund, bringing total capital under management to over $500 million. A typical investment involves $2 million to $5 million in capital, and the firms prefers to act as a lead or co-lead investor early in the process of value formation.

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Latest Palomar Ventures News
Jul 29, 2014
August 23, 2005 09:00 AM Eastern Daylight Time BOULDER, Colo.--( BUSINESS WIRE )--Aug. 23, 2005--SkyeTek, Inc. today announced the close of its Series B financing, led by existing investor Appian Ventures and new investors Palomar Ventures and Sequel Venture Partners. Proceeds from the round will fund further research and development of its flagship ReaderWare(TM) suite, and significantly expand its sales and marketing reach. ReaderWare is an open-architected software suite that unlocks the traditionally black-box nature of RFID reader hardware. ReaderWare is available for both HF and UHF reader designs, including the SkyeTek M8 UHF reader module and its M1 series of HF reader modules. ReaderWare enables SkyeTek to work with OEM customers across all the stages of embedding RFID reader functionality, from the developer kit, through modules, to an integrated reference design and software license. "By creating a modular and horizontal platform that mitigates the cost and complexity of RFID reader hardware, SkyeTek and ReaderWare are a disruptive model for enabling the application of RFID technology to a far more varied set of vertical markets and customer problems," said Brian Garrett, a principal with Palomar Ventures and newly appointed director at SkyeTek. "SkyeTek is a revenue-stage company with a proven CEO at the helm and a true RFID visionary driving research and development," said Tom Washing, Partner at Sequel Venture Partners and newly appointed director at SkyeTek. "SkyeTek has made impressive progress to date in terms of customer wins and product development and this round will help them expand their opportunity and accelerate their efforts. " "The attention and much of the investment going into RFID has focused on the retail and military supply chains where RFID is leveraged similar to barcodes," said Mike Liard, RFID Practice Director, Venture Development Corporation. "While the supply chain opportunity is significant and interesting, the industry should also be looking beyond it to identify additional areas of growth. For instance, RFID is expected to expand into a wide range of embedded applications and environments where users consider low power, ease of integration, and the customizability of horizontal reader technologies to be critical. " "The closure of this financing represents both an acknowledgement of SkyeTek's current leadership position, which was achieved with limited financial resources, as well as a confirmation of our future potential," said Rob Balgley, CEO of SkyeTek. ReaderWare 1.0 is available immediately as a licensed development platform for new and existing OEM reader designs or for use with SkyeTek's small footprint, low power, Tagnostic(TM) reader reference designs. For more information on SkyeTek, Inc. or ReaderWare, visit www.skyetek.com or call 720-565-0441. About SkyeTek, Inc. SkyeTek, Inc., maker of ReaderWare(TM), is the leading supplier of RFID reader software and reference designs that enable the pervasive application of RFID technology. SkyeTek's Tagnostic (TM) reader technology works with most industry standard tags and smart labels, its low power requirements and a small form factor make it the optimal choice for embedding into new or existing RFID products. SkyeTek's RFID reader technology is available in several formats including reader modules, hardware reference designs, and the ReaderWare(TM) software suite. SkyeTek markets to OEM customers in targeted vertical markets with several high-volume licensing options available. SkyeTek is based in Boulder, Colo. For more information about SkyeTek, visit www.skyetek.com or call 720-565-0441. Contacts
Palomar Ventures Investments
123 Investments
Palomar Ventures has made 123 investments. Their latest investment was in Predixion Software as part of their Series D on April 4, 2015.

Palomar Ventures Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
4/27/2015 | Series D | Predixion Software | $4.03M | No | 3 | |
11/17/2014 | Series F | Edgewater Networks | $4.75M | No | 2 | |
10/9/2014 | Series C - IV | Biscotti | $0.5M | No | 1 | |
8/11/2014 | Series C - II | |||||
4/22/2014 | Series F |
Date | 4/27/2015 | 11/17/2014 | 10/9/2014 | 8/11/2014 | 4/22/2014 |
---|---|---|---|---|---|
Round | Series D | Series F | Series C - IV | Series C - II | Series F |
Company | Predixion Software | Edgewater Networks | Biscotti | ||
Amount | $4.03M | $4.75M | $0.5M | ||
New? | No | No | No | ||
Co-Investors | |||||
Sources | 3 | 2 | 1 |
Palomar Ventures Portfolio Exits
38 Portfolio Exits
Palomar Ventures has 38 portfolio exits. Their latest portfolio exit was Ace Metrix on January 14, 2021.
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 |
---|---|---|---|---|---|
1/14/2021 | Acquired | 12 | |||
6/25/2018 | Acquired | 3 | |||
9/20/2016 | Acquired | 2 | |||
Date | 1/14/2021 | 6/25/2018 | 9/20/2016 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 12 | 3 | 2 |
Palomar Ventures Acquisitions
1 Acquisition
Palomar Ventures acquired 1 company. Their latest acquisition was CoreObjects on January 12, 2007.
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 |
---|---|---|---|---|---|---|
1/12/2007 | Other Venture Capital | $2M | Acquired |
Date | 1/12/2007 |
---|---|
Investment Stage | Other Venture Capital |
Companies | |
Valuation | |
Total Funding | $2M |
Note | Acquired |
Sources |
Palomar Ventures Fund History
3 Fund Histories
Palomar Ventures has 3 funds, including Palomar Ventures III LP.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
8/20/2004 | Palomar Ventures III LP | Early-Stage Venture Capital | Closed | $225M | 1 |
8/30/2000 | Palomar Ventures II LP | ||||
4/7/1999 | Palomar Ventures I LP |
Closing Date | 8/20/2004 | 8/30/2000 | 4/7/1999 |
---|---|---|---|
Fund | Palomar Ventures III LP | Palomar Ventures II LP | Palomar Ventures I LP |
Fund Type | Early-Stage Venture Capital | ||
Status | Closed | ||
Amount | $225M | ||
Sources | 1 |
Palomar Ventures Service Providers
1 Service Provider
Palomar Ventures has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
---|---|---|---|
Counsel | General Counsel |
Service Provider | |
---|---|
Associated Rounds | |
Provider Type | Counsel |
Service Type | General Counsel |
Partnership data by VentureSource
Palomar Ventures Team
6 Team Members
Palomar Ventures has 6 team members, including , .
Name | Work History | Title | Status |
---|---|---|---|
Randy Lunn | Founder | Current | |
Name | Randy Lunn | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Founder | ||||
Status | Current |
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