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Venture Capital
tallwoodvc.com

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Investments

80

Portfolio Exits

18

Funds

10

About Tallwood Ventures

Tallwood Venture Capital focuses on investments in technologies and products related to the semiconductor industry.

Tallwood Ventures Headquarter Location

3000 Sand Hill Road Bldg. 3, Suite 240

Menlo Park, California, 94025,

United States

650-473-6750

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The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Tallwood Ventures News

Wave Computing, MIPS emerge from bankruptcy

Mar 2, 2021

March 02, 2021 //By Peter Clarke Processor IP company Wave Computing Inc. and its subsidiaries, including MIPS Technology, have emerged from Chapter 11 bankruptcy protection. The restructured business will be known as MIPS and focus on the RISC-based processor architectures originally developed by MIPS and extensively licensed out. MIPS is developing an eighth-generation architecture  based on the open-source RISC-V processor standard. Under a plan approved by the United States Bankruptcy Court for the Northern District of California the majority of creditors will receive a meaningful recovery of debts owed. Tallwood Ventures won a bankruptcy auction of Wave Computing assets held in December 2020 with a restructuring bid valued at $61 million. Tallwood will take majority ownership of the reorganized company. Sanjai Kohli will continue to lead MIPS as CEO. It remains unclear how Tallwood's ownership of Wave Computing/MIPS will impact an arcane deal that saw MIPS formed as an off-shore subsidiary of Wave Computing in 2020 and licensing its IP to a Samoan company called Prestige Century Investments who re-assigned the license to a Chinese subsidiary called CIP United Co. Ltd. (Shanghai, China). Related links and articles:

Tallwood Ventures Investments

80 Investments

Tallwood Ventures has made 80 investments. Their latest investment was in MapLight Therapeutics as part of their Series B on March 3, 2021.

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Tallwood Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/10/2021

Series B

MapLight Therapeutics

$30M

Yes

1

11/2/2017

Series D

Wave Computing

$56.7M

No

3/10/2017

Series C

Wave Computing

$43.9M

No

1

10/6/2016

Seed VC

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$99M

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10

8/24/2015

Series E

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$99M

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10

Date

3/10/2021

11/2/2017

3/10/2017

10/6/2016

8/24/2015

Round

Series B

Series D

Series C

Seed VC

Series E

Company

MapLight Therapeutics

Wave Computing

Wave Computing

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Amount

$30M

$56.7M

$43.9M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

1

1

10

10

Tallwood Ventures Portfolio Exits

18 Portfolio Exits

Tallwood Ventures has 18 portfolio exits. Their latest portfolio exit was Amulaire Thermal Technology on August 01, 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

8/1/2020

IPO

10/7/2019

Acquired

2

11/17/2015

Acquired

2

00/00/0000

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10

00/00/0000

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10

Date

8/1/2020

10/7/2019

11/17/2015

00/00/0000

00/00/0000

Exit

IPO

Acquired

Acquired

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Companies

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Valuation

Acquirer

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Sources

2

2

10

10

Tallwood Ventures Acquisitions

1 Acquisition

Tallwood Ventures acquired 1 company. Their latest acquisition was Silicon Valley Technology Center on March 13, 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

3/13/2007

Unattributed

$991

$34M

Acquired

Date

3/13/2007

Investment Stage

Unattributed

Companies

Valuation

$991

Total Funding

$34M

Note

Acquired

Sources

Tallwood Ventures Fund History

10 Fund Histories

Tallwood Ventures has 10 funds, including Tallwood II Annex LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/1/2009

Tallwood II Annex LP

Multi-Stage Venture Capital

$23M

1

2/3/2009

Tallwood III Annex LP

Multi-Stage Venture Capital

$63M

1

1/4/2006

Tallwood Venture Capital III

Early-Stage Venture Capital

$250M

1

12/31/2005

Tallwood Venture Capital SideCar Fund

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$99M

10

10/14/2002

Tallwood Venture Capital II

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$99M

10

Closing Date

3/1/2009

2/3/2009

1/4/2006

12/31/2005

10/14/2002

Fund

Tallwood II Annex LP

Tallwood III Annex LP

Tallwood Venture Capital III

Tallwood Venture Capital SideCar Fund

Tallwood Venture Capital II

Fund Type

Multi-Stage Venture Capital

Multi-Stage Venture Capital

Early-Stage Venture Capital

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Status

Amount

$23M

$63M

$250M

$99M

$99M

Sources

1

1

1

10

10

Tallwood Ventures Team

6 Team Members

Tallwood Ventures has 6 team members, including current Managing Partner, Dado Banatao.

Name

Work History

Title

Status

Diosdado P. Banatao

Founder

Current

Dado Banatao

Managing Partner

Current

Chen Tang

Prospect Venture Partners

Chief Financial Officer

Former

Kristina Miles

Controller

Former

George A. Pavlov

Mayfield, Blum Capital Partners, and NeXT Computer

General Partner

Former

Name

Diosdado P. Banatao

Dado Banatao

Chen Tang

Kristina Miles

George A. Pavlov

Work History

Prospect Venture Partners

Mayfield, Blum Capital Partners, and NeXT Computer

Title

Founder

Managing Partner

Chief Financial Officer

Controller

General Partner

Status

Current

Current

Former

Former

Former

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