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Venture Capital
palomarventures.com

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Investments

122

Portfolio Exits

38

Funds

3

Service Providers

1

About 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.

Palomar Ventures Headquarter Location

100 Wilshire Blvd Suite 1700

Santa Monica, California, 90401,

United States

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Latest Palomar Ventures News

Closes $8 Million Series B Round; Proceeds Fund Further Development of ReaderWare(TM), Embedded RFID Reader Technology, and Expansion of Sales and Marketing Teams

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

122 Investments

Palomar Ventures has made 122 investments. Their latest investment was in Predixion Software as part of their Series D on April 4, 2015.

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Palomar Ventures Investments Activity

investments chart

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

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$99M

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10

4/22/2014

Series F

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$99M

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10

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

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Amount

$4.03M

$4.75M

$0.5M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

3

2

1

10

10

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

$99M

3

9/20/2016

Acquired

2

9/12/2016

Acquired

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10

7/21/2016

Acquired

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$99M

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10

Date

1/14/2021

6/25/2018

9/20/2016

9/12/2016

7/21/2016

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

12

3

2

10

10

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

$99M

$2M

Acquired

Date

1/12/2007

Investment Stage

Other Venture Capital

Companies

Valuation

$99M

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

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$99M

10

4/7/1999

Palomar Ventures I LP

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$99M

10

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

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Status

Closed

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Amount

$225M

$99M

$99M

Sources

1

10

10

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 current Chief Technology Officer, David Curtis.

Name

Work History

Title

Status

Randy Lunn

Founder

Current

David Curtis

Chief Technology Officer

Current

James P. Gauer

Managing Director

Current

Scott D. Walters

Morgenthaler Ventures, Dynafund Ventures, DreamWorks, The Walt Disney Company, and Arthur Andersen

Chief Financial Officer, Chief Operating Officer

Former

Amanda Reed

Managing Director

Former

Name

Randy Lunn

David Curtis

James P. Gauer

Scott D. Walters

Amanda Reed

Work History

Morgenthaler Ventures, Dynafund Ventures, DreamWorks, The Walt Disney Company, and Arthur Andersen

Title

Founder

Chief Technology Officer

Managing Director

Chief Financial Officer, Chief Operating Officer

Managing Director

Status

Current

Current

Current

Former

Former

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