NEWS

7/17/2007

PacStar Secures $12.3 Million in Series D Financing - Chart Venture Partners and Steelpoint Capital Partners Lead Funding Round; Representatives Join Board of Directors
Portland, Ore. (July 17, 2007) — PacStar, a technology-based systems integrator that provides total communications solutions to the military, government and commercial customers, today announced that it closed $12.3 million in Series D funding. The funding will accelerate penetration of PacStar technologies into key military and civilian markets. Additionally, the round adds new investors Chart Venture Partners and Steelpoint Capital Partners to PacStar’s current list of investors. Past investors, including PacStar Board Chairman, George Stroemple, Fluke Ventures, Invest America, Frank Jungers and Benaroya Ventures also participated in the round.  
Read More

7/16/2007

PacStar closes on $12.3M - Chart, Steelpoint lead round for maker of fail-safe communications software
PacStar, whose software ties together redundant voice, video and data networks for troops and first responders operating in areas with no infrastructure, has raised $12.3 million in fresh funding, the company will formally announce Tuesday.  
Read More

6/19/2007

Innovative Biosensors, Inc. Expands Scientific Advisory Board
Rockville, MD, June 19, 2007 – Innovative Biosensors, Inc. (IBI), a company developing rapid, ultra-sensitive tests to detect harmful pathogens for both the clinical and biodefense markets, today announced the expansion of its Scientific Advisory Board.  
Read More

2/7/2007

Maxion Technologies Receives $2.5 Million In Series A Financing From Chart Venture Partners
Maxion Technologies, Inc. manufactures high performance, mid-infrared semiconductor lasers. The company's products, based on the interband cascade (IC) and quantum cascade (QC) laser design, support customers' applications with previously unavailable levels of performance at reduced cost. Maxion's IC and QC lasers enable the development of a new generation of products in a wide variety of chemical sensing, free-space optical communication, and infrared countermeasure markets. Maxion, founded in April, 2000 by a team of scientists and engineers previously employed at the Army Research Laboratory in Adelphi, Maryland, received seed funding from ECentury Capital Partners and the Maryland Venture Fund and today announced closure on a $2,500,000 Series A round of financing with Chart Venture Partners.  
Read More

12/18/2006

RemoteReality, Developer of Next-Generation Intelligent-Omni-Video Systems, Raises $7.3 Million
Westborough, Mass., Dec. 18, 2006 – RemoteReality Corp., the designer and manufacturer of intelligent-omni-video systems with real-time viewing and analysis software for continuous 360° surveillance, conferencing and other applications supporting government, commercial and enterprise business markets, has secured $7.3 million in venture financing. The funding round was co-led by Battelle Ventures and Chart Venture Partners.  
Read More

12/18/2006

Industry Leading SeaMobile Announces Acquisition of European Satellite Provider Geolink
Seattle, WA. and Paris, France. (December 18, 2006) - SeaMobile, Inc., the dominant global provider of at-sea communications, connectivity and content services announced today that it has signed a definitive agreement to acquire Geolink, a pioneer and leading provider of satellite-based broadband communications and networking services with extensive experience serving the European market. Terms of the agreement were not disclosed.  
Read More

10/16/2006

Innovative Biosensors, Inc. (IBI) Expands A Round Financing to Total of $6.25 Million
COLLEGE PARK, Md.--(BUSINESS WIRE)--Innovative Biosensors Inc. (IBI), a company developing rapid, ultra-sensitive tests to detect harmful pathogens, today announced that it has expanded its A round to $6.25 Million in total financing with additional investors, including Chart Venture Partners and CNF Investments, LLC, an affiliate of Clark Enterprises, Inc. (CEI).  
Read More

9/29/2006

Twisted Pair Solutions, Inc. secures $9 million series A in venture capital.
Seattle, WA.- Twisted Pair Solutions, Inc., a leading software company that designs and builds IP-based group communications software, today announced it has closed its first round of venture capital funding, receiving $9 million from an investment group syndicate co-led by Ignition Partners and Core Capital Partners, and to include Chart Venture Partners. This investment will be used to accelerate the company’s rapid growth through an extended focus on sales, marketing and partner development, as well as further advancement of its core WAVE technology.  
Read More

5/12/2006

Chart Capital Partners completes investment in SeaMobile, Inc.
Seattle, WA. and Miramar, FL. (May 11, 2006) - Chart Capital Partners joined several other prominent investors and management with an equity investment to finance SeaMobile, Inc.’s (SeaMobile) acquisition of Maritime Telecommunications Network, Inc. (MTN), the leading provider of satellite-based broadband communications and networking services for the maritime industry. SeaMobile is a leading global provider of advanced at-sea wireless voice, data, and Internet communications services.  
Read More

4/27/2006

Chart Venture Partners Gathers $80M, Looks For $120M Close
Chart Venture Partners scooped up $80 million for its first fund in March and expects a final close with a maximum of $120 million in the fall, General Partner Matthew McCooe said.  
Read More

2/13/2006

TracRac, Inc., completes recapitalization
Fall River, MA - TracRac, Inc. recently completed a secondary equity raise and mezzanine financing. The financing, led by TracRac’s lead investor, Chart Capital Partners, will be used to fund a facility expansion and working capital, research, development and other expenses associated with a rapid increase in forecasted demand for TracRac’s products.  
Read More