Three year-end exits for Pond

Pond Venture Partners has announced the venture capital firm exited three portfolio companies in the final quarter of last year.


Pond Venture Partners has announced the venture capital firm exited three portfolio companies in the final quarter of last year.

Pond Venture Partners has announced the venture capital firm exited three portfolio companies in the final quarter of last year.

The firm, which has offices in London, California and Israel, has sold its stakes in Broadway Networks, 4Home and Gigle Networks.

Communications technology provider Finisar Corporation acquired Silicon Valley-based Broadway Networks, which develops technology for computing. Motorola Mobility acquired smart house technology developer 4Home, while Broadcom Corporation purchased Barcelona-based Gigle Networks, which develops home networking solutions.

The investments had been made through Pond’s early-stage technology fund, but financial details of the deals have not been disclosed.

The firm has eight remaining portfolio companies and about $200 million (£126 million) under management.

Nick Britton

Lexus Ernser

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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