Funds & Portfolio Companies
Since 1999, Finaventures has successfully backed over 40 startups and growth companies through its captive funds and SPVs totaling $308 Million. We are currently investing out of our Fund 2017.

- We founded the firm in October 1999.
- We sent out our Fund 2000 subscriptions on March 13, 2000 to prospective investors who had pledged $120M.
- The next day and during the next 4 weeks, Nasdaq dropped 1,600 points from a high of 4,906.
- Facing melting portfolios, our prospective investors started rescinding their pledges.
- We stuck to our beliefs and pushed our fundraising to the limit, and through Grit & Determination still managed to close our Fund I at $20M by October 19, 2000.

- We invested in optical component startups, fabless chip companies, domain name portfolios.
- Valuations were attractive, building them was hard work.
- Surviving the Telecom nuclear winter of 2003-2005, we managed to have 6 successful M&As and a $700M IPO, out of a total of 12 investments, but not without pivoting and restructuring many of them before their exit.
A few examples:
- Asip was merged with T-Networks to become Apogee, then merged into Cyoptics, before being acquired by Pirelli Optical group, now a Cisco subsidiary.
- New.net was pivoted from a domain name extension to a prolific traffic ad network and was sold to Idealab & VendareMedia.
- Neopad was restructured from a single product to become Nexplanar, a CMP solutions provider
- Nanonexus and Sequoia Communications – we tried but failed to save them…you can’t win everytime.
- RF Magic was reorganized and merged into Entropic Communications, with the combined entity going public on Nasdaq.

- After we raised our $80M Fund 2006, we had invested in 18 portfolio companies by August 2008, ranging from infrastructure, software & IT services, to CRM.
- On September 15, 2008, Lehman filed for bankruptcy, creating an unprecedented Global Economic Recession. Banks, Telecoms, Major Ad agencies started canceling or curtailing contracts with our companies.
- Our portfolio started melting in value, our companies were struggling. By December 2008, we devised a plan to convert our fund into a holding company and acquire all of the minority interests in our portfolio companies.
- The plan was to convert all of them to wholly owned subsidiaries that we would then merge into the holding company, hence creating Finatech, a Technology & IT Services Group, selling solutions rather than standalone products.
- The process was grueling, unbearable, and unimaginable. It almost killed us. With hard work and luck, by June 2010, we landed on our feet – yes you read it right, we integrated 18 companies at once – having significant consolidated revenues, negotiated major cross-solution contracts with our top customers, cut overhead and FTEs from 700 to 400, and built a solid EBITDA.
- While the sector’s revenue growth was -8% during that period, ours grew by +13%.
- We successfully sold our shares in March 2013.

- After the 18-company integration at Finatech, we were called by investors, board of directors and CEOs of companies in the cleantech sector, which by 2011 was being subjected to an unprecedented assault from Chinese solar companies.
- Prices were dropping by 50% every 6 months and stood below the production costs of many western producers.
- From March 2011 to February 2012, we helped turn around Photowatt, the World’s oldest solar cell manufacturer in France, with $200M in revenues.
- Facing a hostile French labor law environment, production was outsourced to China and Poland, while short cycle product lines were moved to Tunisia.
- High content R&D was kept in Lyon, and constituted the jewel of the company’s standing in the sector’s value chain.
- As a result, Photowatt was successfully acquired by global energy leader EDF in February 2012.

- Ensued another cleantech company in New Jersey from February 2012 to June 2013.
- Petra Solar successfully signed a utility contract in 2010, but was stalling by 2012.
- Brought in by the Board of Directors composed of Venture Capitalists, we reorganized the company around specific targets & milestones, cut expenses by 25%, streamlined R&D initiatives.
- We developed a core focus strategy & vision based on IP renewal, and we sourced and negotiated a new IP acquisition.
- We improved presence in the Middle East by signing major contracts, country partners, and densifyed the sales pipeline.
- As a result, the company was cruising by June 2013 to $60M in revenues, was debt-free and had accumulated $50M in excess cash in the bank.

- By June 2013, FRAM Group, a 50 year-old family-owned hospitality and tour operator, had exhausted its $100M in cash reserves fighting the paradigm shift of internet travel and the consequences arising from the 2010 Eyjafjallajökull volcano eruptions.
- Its $300M in revenues no longer comandeered significant margins and banks were reluctant to extend credit.
- We helped restructure the company by restructuring non-core subsidiaries and selling them to strategic buyers who maintained revenue flow to the company.
- With a $70M cash inflow and a realigned organization, the Company was back on track by October 2014 and was acquired by the Karavel Group in November 2015.

- In June 2015, Shopcade, a successful online marketplace in the United Kingdom was spread across many verticals. The Board wanted focus on a clear strategy.
- Our work on key metrics performance and partnerships with media partners lead the Company to be successfully acquired by the Lagardere Group of France in 2017.
- In July 2017, working closely with LPs, we formed Fund 2017 and focused on investing in California and the Southwest.
- Click on each one of our Funds to see our portfolio companies since 2000, and click on each logo to see the outcome of each one of them.

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Apogee Photonics, Optical Components: Acquired by Cyoptics![]() |
Close

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Asip, Optical Components: Acquired by Apogee Photonics![]() |
Close

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Cyoptics, Optical Components: Acquired by Pirelli Optical Systems, now Cisco![]() |
Close

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Entropic Communications, Optical Components: Initial Public Offering on NASDAQ![]() |
Close

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New.net, Domain Software: Acquired by Vendare Media, now EPIC Connexus ![]() |
Close

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Reef, Content Management Software: acquired by Mediasurface,![]() |
Close

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RF Magic, Optical Components: Acquired by Entropic Communications![]() |
Close

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Atrenta, EDA Software: Acquired by Synopsys (NASDAQ: SNPS):![]() |
Close

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Global Communications Semiconductors (GCS), GaaS/InP Fab: Initial Public Offering on the Taiwan Stock Exchange![]() |
Close

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General Photonics (Optical Components), Acquired by Management & Founders |
Close

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Nexplanar, Chemical Mecanical Planarization, Acquired by Cabot Microelectronics (NASDAQ: CCMP):![]() |
Close

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Nanonexus, Wafer probe solutions: This was a wind down. |
Close

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Oewaves, microwave photonic solutions for Radar & Communication; LIDAR Spinoff STROBE acquired by General Motors (NYSE: GM)![]() ![]() |
Close

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Sequoia Communications, RF Chips: this was a wind down |
Close

UltraRPM – Large domain Portfolio monetized through Partners & affiliated. Acquired by ![]() |
Close

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Artemis, Legal Content Management: Acquired by Legal Suite![]() |
Close

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Aviacom, Radar Solutions: Acquired by Telcom, Dimension Data![]() |
Close

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Cerdis, Customer Management Solutions: Acquired by Sysnek Group![]() |
Close

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Docubox, Data Management Software: Acquired by JetDocunet![]() |
Close

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FDP, Telecom Infrastructure Solutions: Acquired by SBI![]() |
Close

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HyperTech, e-commerce solutions: This was a wind down |
Close

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JetDocunet, Data Management Solutions: Acquired by Finatech Group![]() |
Close

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JPS, Chip Card Payment Solutions: Acquired by Docuprint![]() |
Close

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Network City, Networking Solutions: Acquired by Netcom Technologies![]() |
Close

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Profilium, Security Solutions, Acquired by Finatech Group![]() |
Close

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Saisie.ma, Customer Management Solutions: Acquired by Sysnek Group![]() |
Close

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SBI, Telecom Infrastructure Solutions: Acquired by Management (MBO) |
Close

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Sicodex, Networking Software: Acquired by Profilium![]() |
Close

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Sofratev, Media & Data Solutions: Acquired by JetDocunet![]() |
Close

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Sysnek, Customer Management Solutions: Acquired by Finatech Group![]() |
Close

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Technibank, Banking Data Solutions: Acquired by Jet Payment Systems![]() |
Close

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Technomedia, Customer Management Solutions: Acquired by Sysnek Group![]() |
Close

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Telecom Partners, Telecom Infrastructure Solutions: Acquired by Finatech Group![]() |
Close

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Genigraph, IT Innovation Leader acquired by: 80M euros in Revenues and 850 employees. ![]() |
Close

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Photowatt – Solar Cell Manufacturing Leader, based in Lyon, France [US$200M in Revenues, 450 employees], subsidiary of an $850M Canadian Public company. Acquired by:![]() |
Close

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Vector Cuatro offers engineering services to the renewables It currently manages 934 MW of third party assets. Acquired by:![]() |
Close

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Micro-inverter & Utility-grade Solar Networks providers, now a subsidiary of:![]() |
Close

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FRAM Group, Hospitality Leader, US$500M in Revenues, 3000 employees. Acquired by:![]() |
Close

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a social marketplace with a dual online platform offering a daily fashion fix of top trends, products and deals. Acquired by Lagardere (EPA:MMB):![]() |
Close

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EyeTech is the global leader in Health AI with its revolutionary eye tracking and tunable technology platform. Our exclusive design combines the flexibility of an ultra-high-speed FPGA processing with AI algorithms and advanced analytics to deliver unrivaled, eye data intelligence with HIPAA integrity. Our FDA-registered, eye tracking platform has the ability to lock devices to your specific application, as well as provide seamless and secure access to an ecosystem of health applications and a global installed base. |
Close

![]() |
Suntria brings happiness to its customers across California and the Southwest through Energy Independence. Suntria delivers battery & solar systems, along with home energy efficiency devices to free our customers from reliance on their power company and its failing grid. Suntria also delivers to HOAs, Developers and neighborhoods, entire micro-grid systems with community solar that allow them to operate as micro-utilities. |
Close
- Record
-
- We founded the firm in October 1999.
- We sent out our Fund 2000 subscriptions on March 13, 2000 to prospective investors who had pledged $120M.
- The next day and during the next 4 weeks, Nasdaq dropped 1,600 points from a high of 4,906.
- Facing melting portfolios, our prospective investors started rescinding their pledges.
- We stuck to our beliefs and pushed our fundraising to the limit, and through Grit & Determination still managed to close our Fund I at $20M by October 19, 2000.
- We invested in optical component startups, fabless chip companies, domain name portfolios.
- Valuations were attractive, building them was hard work.
- Surviving the Telecom nuclear winter of 2003-2005, we managed to have 6 successful M&As and a $700M IPO, out of a total of 12 investments, but not without pivoting and restructuring many of them before their exit.
A few examples:
- Asip was merged with T-Networks to become Apogee, then merged into Cyoptics, before being acquired by Pirelli Optical group, now a Cisco subsidiary.
- New.net was pivoted from a domain name extension to a prolific traffic ad network and was sold to Idealab & VendareMedia.
- Neopad was restructured from a single product to become Nexplanar, a CMP solutions provider
- Nanonexus and Sequoia Communications – we tried but failed to save them…you can’t win everytime.
- RF Magic was reorganized and merged into Entropic Communications, with the combined entity going public on Nasdaq.
- After we raised our $80M Fund 2006, we had invested in 18 portfolio companies by August 2008, ranging from infrastructure, software & IT services, to CRM.
- On September 15, 2008, Lehman filed for bankruptcy, creating an unprecedented Global Economic Recession. Banks, Telecoms, Major Ad agencies started canceling or curtailing contracts with our companies.
- Our portfolio started melting in value, our companies were struggling. By December 2008, we devised a plan to convert our fund into a holding company and acquire all of the minority interests in our portfolio companies.
- The plan was to convert all of them to wholly owned subsidiaries that we would then merge into the holding company, hence creating Finatech, a Technology & IT Services Group, selling solutions rather than standalone products.
- The process was grueling, unbearable, and unimaginable. It almost killed us. With hard work and luck, by June 2010, we landed on our feet – yes you read it right, we integrated 18 companies at once – having significant consolidated revenues, negotiated major cross-solution contracts with our top customers, cut overhead and FTEs from 700 to 400, and built a solid EBITDA.
- While the sector’s revenue growth was -8% during that period, ours grew by +13%.
- We successfully sold our shares in March 2013.
- After the 18-company integration at Finatech, we were called by investors, board of directors and CEOs of companies in the cleantech sector, which by 2011 was being subjected to an unprecedented assault from Chinese solar companies.
- Prices were dropping by 50% every 6 months and stood below the production costs of many western producers.
- From March 2011 to February 2012, we helped turn around Photowatt, the World’s oldest solar cell manufacturer in France, with $200M in revenues.
- Facing a hostile French labor law environment, production was outsourced to China and Poland, while short cycle product lines were moved to Tunisia.
- High content R&D was kept in Lyon, and constituted the jewel of the company’s standing in the sector’s value chain.
- As a result, Photowatt was successfully acquired by global energy leader EDF in February 2012.
- Ensued another cleantech company in New Jersey from February 2012 to June 2013.
- Petra Solar successfully signed a utility contract in 2010, but was stalling by 2012.
- Brought in by the Board of Directors composed of Venture Capitalists, we reorganized the company around specific targets & milestones, cut expenses by 25%, streamlined R&D initiatives.
- We developed a core focus strategy & vision based on IP renewal, and we sourced and negotiated a new IP acquisition.
- We improved presence in the Middle East by signing major contracts, country partners, and densifyed the sales pipeline.
- As a result, the company was cruising by June 2013 to $60M in revenues, was debt-free and had accumulated $50M in excess cash in the bank.
- By June 2013, FRAM Group, a 50 year-old family-owned hospitality and tour operator, had exhausted its $100M in cash reserves fighting the paradigm shift of internet travel and the consequences arising from the 2010 Eyjafjallajökull volcano eruptions.
- Its $300M in revenues no longer comandeered significant margins and banks were reluctant to extend credit.
- We helped restructure the company by restructuring non-core subsidiaries and selling them to strategic buyers who maintained revenue flow to the company.
- With a $70M cash inflow and a realigned organization, the Company was back on track by October 2014 and was acquired by the Karavel Group in November 2015.
- In June 2015, Shopcade, a successful online marketplace in the United Kingdom was spread across many verticals. The Board wanted focus on a clear strategy.
- Our work on key metrics performance and partnerships with media partners lead the Company to be successfully acquired by the Lagardere Group of France in 2017.
- In July 2017, working closely with LPs, we formed Fund 2017 and focused on investing in California and the Southwest.
- Click on each one of our Funds to see our portfolio companies since 2000, and click on each logo to see the outcome of each one of them.
- Fund 2000
-
Apogee Photonics, Optical Components: Acquired by Cyoptics
CloseAsip, Optical Components: Acquired by Apogee Photonics
CloseCyoptics, Optical Components: Acquired by Pirelli Optical Systems, now Cisco
CloseEntropic Communications, Optical Components: Initial Public Offering on NASDAQ
CloseNew.net, Domain Software:
Acquired by Vendare Media, now EPIC Connexus
CloseReef, Content Management Software: acquired by Mediasurface,
CloseRF Magic, Optical Components: Acquired by Entropic Communications
CloseAtrenta, EDA Software: Acquired by Synopsys (NASDAQ: SNPS):
CloseGlobal Communications Semiconductors (GCS), GaaS/InP Fab: Initial Public Offering on the Taiwan Stock Exchange
CloseGeneral Photonics (Optical Components), Acquired by Management & Founders CloseNexplanar, Chemical Mecanical Planarization, Acquired by Cabot Microelectronics (NASDAQ: CCMP):
CloseNanonexus, Wafer probe solutions: This was a wind down. CloseOewaves, microwave photonic solutions for Radar & Communication; LIDAR Spinoff STROBE acquired by General Motors (NYSE: GM)
CloseSequoia Communications, RF Chips: this was a wind down CloseUltraRPM – Large domain Portfolio monetized through Partners & affiliated. Acquired by Close - Fund 2006
-
Artemis, Legal Content Management: Acquired by Legal Suite
CloseAviacom, Radar Solutions: Acquired by Telcom, Dimension Data
CloseCerdis, Customer Management Solutions: Acquired by Sysnek Group
CloseDocubox, Data Management Software: Acquired by JetDocunet
CloseFDP, Telecom Infrastructure Solutions: Acquired by SBI
CloseHyperTech, e-commerce solutions: This was a wind down CloseJetDocunet, Data Management Solutions: Acquired by Finatech Group
CloseJPS, Chip Card Payment Solutions: Acquired by Docuprint
CloseNetwork City, Networking Solutions: Acquired by Netcom Technologies
CloseProfilium, Security Solutions, Acquired by Finatech Group
CloseSaisie.ma, Customer Management Solutions: Acquired by Sysnek Group
CloseSBI, Telecom Infrastructure Solutions: Acquired by Management (MBO) CloseSicodex, Networking Software: Acquired by Profilium
CloseSofratev, Media & Data Solutions: Acquired by JetDocunet
CloseSysnek, Customer Management Solutions: Acquired by Finatech Group
CloseTechnibank, Banking Data Solutions: Acquired by Jet Payment Systems
CloseTechnomedia, Customer Management Solutions: Acquired by Sysnek Group
CloseTelecom Partners, Telecom Infrastructure Solutions: Acquired by Finatech Group
Close - SPVs 2011
-
Genigraph, IT Innovation Leader acquired by: 80M euros in Revenues and 850 employees. ClosePhotowatt – Solar Cell Manufacturing Leader, based in Lyon, France [US$200M in Revenues, 450 employees], subsidiary of an $850M Canadian Public company. Acquired by:
CloseVector Cuatro offers engineering services to the renewables It currently manages 934 MW of third party assets. Acquired by:
CloseMicro-inverter & Utility-grade Solar Networks providers, now a subsidiary of:
CloseFRAM Group, Hospitality Leader, US$500M in Revenues, 3000 employees. Acquired by:
Closea social marketplace with a dual online platform offering a daily fashion fix of top trends, products and deals. Acquired by Lagardere (EPA:MMB): Close - Fund 2017
-
EyeTech is the global leader in Health AI with its revolutionary eye tracking and tunable technology platform. Our exclusive design combines the flexibility of an ultra-high-speed FPGA processing with AI algorithms and advanced analytics to deliver unrivaled, eye data intelligence with HIPAA integrity.
Our FDA-registered, eye tracking platform has the ability to lock devices to your specific application, as well as provide seamless and secure access to an ecosystem of health applications and a global installed base.CloseSuntria brings happiness to its customers across California and the Southwest through Energy Independence. Suntria delivers battery & solar systems, along with home energy efficiency devices to free our customers from reliance on their power company and its failing grid. Suntria also delivers to HOAs, Developers and neighborhoods, entire micro-grid systems with community solar that allow them to operate as micro-utilities. Close