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Investments

4

Portfolio Exits

2

Funds

2

About Prime New Ventures

Prime New Ventures is a venture capital firm specializating in early-stage investments to emerging telecommunications and new media companies.

Prime New Ventures Headquarter Location

Texas,

United States

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Latest Prime New Ventures News

Investor Profile: Sunrock Ventures

Jan 17, 2013

Apple Matthew Shaw from Sunrock Ventures is a member of FundingPost online! Venture Fund Member Profile Share This Profile: Sunrock Ventures is a Florida-based venture capital firm that will makeinvestments in a diversified portfolio of rapidly growing private companies across Florida and the Southeast. Florida and the Southeast are producing outstanding investmentopportunities; however, there is a severe shortage of venture capital andventure capital firms in the region. The Southeast comprises approximately 20 percent of the nation’s population, economic output and high tech industry, yet it attracted less than 5 percent of the total venture capital investments in 2006, and just 2.3 percent of the total venture capital in the country is managed by local firms. Sunrock Ventures intends to change this by focusing its investments oncompanies in Florida and the Southeast, where our geographic proximity and depth of experience will enable us to provide the financial support and guidance companies need to succeed. Sunrock will build a portfolio of 18 to 24 Southeastern companies, balanced across investment stage and industry sector, to produce superior investment returns over the next four years. Matthew Shaw Managing Director Sunrock Ventures a Florida native has been actively involved in the venture capital industry for the past 9 years. Prior to co-founding Sunrock Ventures he had been a General Partner and Managing Director for Crossbow Ventures beginning in 2002. Crossbow Ventures is a venture capital firm with a $170 million under management headquartered in West Palm Beach, Florida. Similar to Sunrock, Crossbow is also focused on investing in the Southeast US. Mr. Shaw was the lead partner on a number of deals while at Crossbow and was responsible for a number of the firm most profitable investments. Mr. Shaw was also responsible for generating a large portion of the firm''s total cash exits during his five years with the firm. Prior to joining Crossbow Ventures, Mr. Shaw was with Centennial Ventures and Prime New Ventures in Austin, Texas from 1998 to 2002. At Prime New Ventures, Mr. Shaw helped invest a $100 million fund with a focus on the communications, media and service industries. Mr. Shaw was then recruited by Centennial Ventures to help open an Austin, Texas office. While Mr. Shaw was with Centennial Ventures, the firm successfully raised their seventh fund which had capital commitments of approximately $400 million. It was at Prime New Ventures and Centennial Ventures that Mr. Shaw received training in the venture capital industry from a group of partners that had all been in the business since 1981. Mr. Shaw joined Prime New Ventures after completing his MBA degree from Harvard''s Graduate School of Business. Prior to business school, Mr. Shaw started his financial career in 1992 with Deloitte & Touche''s Financial Advisory Services Group where he performed financial analysis and IPO work for clients in a number of industries. While at Deloitte & Touche, Mr. Shaw passed the May 1992 CPA exam where he finished 4th in nation out of 60,000 candidates sitting for the exam. Mr. Shaw has invested in a number of private companies over his venture capital career. He has also sat on the board of a number of private and public companies including, 411Web Directories, Inc., ACH Processing Inc., ALN Medical Management Inc., Axya Medical Inc., Brainhunter Inc. (a public listed company on the Toronto Stock Exchange), Digital Interactive Streams, Inc., InfoDesk Inc., Internet Commerce Corp. (a public company on NASDAQ), Iviewit Holdings, Multicast Media Inc., Oncure Medical Corp., ScriptRx Inc., and X3D Technologies. Matthew participated in the FundingPost event: Miami Venture Capital Eventon Wed., May 21, 2008 in FL, Sponsored by FundingPost To list your Company on our website and make your profile available to Matthew and 7,500+ other VCs and Angel Investors, Click Here. About FundingPost For over Fourteen Years FundingPost has worked with thousandsof Angel and Venture Capital Investors. We believe that it isimportant to reach investors in every medium possible -both online and offline. We have been directly responsible fortons of success stories and Millions and Millions of dollars raised.We look forward to introducing your company to the leading Venture and Angel Investors nationwide. Sign up now: Entrepreneurs / Investors Join the FundingPost email list and learn how, when and where you can meet these Investors: Other Venture Profiles:

Prime New Ventures Investments

4 Investments

Prime New Ventures has made 4 investments. Their latest investment was in AmericanWay Education as part of their Series A on November 11, 2011.

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Prime New Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/8/2011

Series A

AmericanWay Education

$3M

Yes

12/31/1998

Series D

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$99M

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10

10/24/1996

Growth Equity - II

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$99M

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10

1/31/1996

Growth Equity

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$99M

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10

Date

11/8/2011

12/31/1998

10/24/1996

1/31/1996

Round

Series A

Series D

Growth Equity - II

Growth Equity

Company

AmericanWay Education

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Amount

$3M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

10

10

10

Prime New Ventures Portfolio Exits

2 Portfolio Exits

Prime New Ventures has 2 portfolio exits. Their latest portfolio exit was Epoch Internet on October 17, 2002.

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

10/17/2002

Acquired

Undisclosed Investors

1

00/00/0000

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10

Date

10/17/2002

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

Undisclosed Investors

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Sources

1

10

Prime New Ventures Fund History

2 Fund Histories

Prime New Ventures has 2 funds, including Prime VIII LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/1998

Prime VIII LP

Multi-Stage Venture Capital

$101M

1

12/31/1995

Prime Enterprises LP

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$99M

10

Closing Date

12/31/1998

12/31/1995

Fund

Prime VIII LP

Prime Enterprises LP

Fund Type

Multi-Stage Venture Capital

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Status

Amount

$101M

$99M

Sources

1

10

Prime New Ventures Team

1 Team Member

Prime New Ventures has 1 team member, including current Managing Director, Robert W Hughes.

Name

Work History

Title

Status

Robert W Hughes

Managing Director

Current

Name

Robert W Hughes

Work History

Title

Managing Director

Status

Current

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