Venture • Software

Angeleno Group Invests In Verdiem

On August 22, 2005, growth capital firm Angeleno Group invested in software company Verdiem

Investment Context
  • This is Angeleno Group’s 1st transaction in the Software sector.
  • This is Angeleno Group’s 3rd transaction in the United States.
  • This is Angeleno Group’s 1st transaction in Washington.
Investment Fate
  • Verdiem was sold to a strategic buyer in 2015.

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Investment Summary

Date August 22, 2005
Target Verdiem
Sector Software
Investor(s) Angeleno Group
Deal Type Venture

Target Company

Verdiem

Seattle, Washington, United States
Verdiem Corp. is a provider of power management software for PC networks. Verdiem's Surveyor Network Energy Manager provides measurable energy and cost savings, simplified and automated management of PC power options, and painless implementation that comes with minimal maintenance and a rapid payback.
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Investor Overview 1

Investor

Angeleno Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Angeleno Group is a private equity firm focused on high growth investments within the energy sector. The Firm pursues a wide range of opportunities and will consider transactions across the US. Angeleno looks for companies that are heavily involved in the development of innovative products and services that are emerging as potential solutions to global energy and environmental challenges. Specific sub-sectors of interest include clean transportation, emissions control and carbon management, energy efficiency, power infrastructure, renewable energy, solar, waste management, and wind. The Firm looks to commit $10 to $30 million per investment and will consider a variety of deal types, including secondaries, first institutional equity, growth equity, and PIPEs. Angeleno Group was founded in 2001 and is based in Los Angeles, California.


Deal Context for Investor #
Overall 3 of 27
Sector: Software 1 of 3
Type: Venture 1 of 16
State: Washington 1 of 2
Country: United States 3 of 23
Year: 2005 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-28 Konarka Technologies

Lowell, Massachusetts, United States

Konarka develops, manufactures and markets flexible, lightweight, plastic-based photovoltaic materials.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-20 GT Advanced Technologies

Merrimack, New Hampshire, United States

GT Advanced Technologies manufactures SiC and sapphire materials for electric vehicles, high-power industrial motors, and telecom infrastructure applications. GT Advanced Technologies was founded in 1994 and is based in Merrimack, New Hampshire.

Buy -