Funds managed by Dave Berkus: ANGEL CAPITAL ENTREPRENEUR FUNDS (ACE Funds) 1,2 and 3; KODIAK VENTURES, LP (now fully distributed), and BERKUS TECHNOLOGY VENTURES, LLC.
Items below selected from 208 portfolio investments 1993-2024
SELECTED LIQUIDITY EVENTS
DTx Pharma
(Acquired by Novartis 2023)
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DTx Pharma focused on developing siRNA therapies for neuroscience indications, particularly neuromuscular and central nervous system disorders.
Visit WebsiteINFLUENTIAL (The Influential Network, Inc.)
(Acquired by Publicis Groupe 2024)
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Influential is the leading technology platform that connects brands with audiences via transparent data and machine learning. To accomplish this, Influential has assembled a team of experts who have moved the needle in social media and various sectors of technology. $100M+ in campaigns. $2 Billion+ in measurable sales. Trusted by over 60% of the Fortune 500. Exclusive Influencer Technology Partner of IBM Watson.
Visit WebsiteCloudbeds
(Partial liquidity from $150MM SoftBank investment 2023)
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Cloudbeds is the leading platform powering hospitality, serving tens of thousands of lodging businesses in more than 150 countries worldwide. The award-winning Cloudbeds Platform is designed to deliver 360-value to hoteliers, seamlessly integrating built-in and marketplace solutions that increase revenue, streamline operations, and delight guests into a unified system.
Visit WebsiteTextPower, Inc.
(Acquired by ARCOS LLC 2024)
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TextPower provides text messaging (SMS) solutions for mission-critical applications ranging from immediate communications with customers/staff to high security authentication of users. Website Link: https://textpower-squarespace.squarespace.com/
Visit WebsiteACTIVE NETWORK, INC.
(Nasdaq: ACTV)
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Complete community for sports teams, organizations and physically active individuals seeking help and community. Home to over 1.5 million registered teams worldwide for game schedules, team performance, roster and training information. (From a merger with eTeamz, Inc.)
Visit WebsiteGREEN DOT , Inc.
(NYSE GDOT)
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MasterCard and VISA branded retail prepaid credit card available at over 75,000 stores throughout North America. Host of the Green Dot Financial Network for banks that supply debit cards nationwide. Now the largest retail network with the most cards active of any debit card company in the world.
Visit WebsiteH3 Financial, Inc.
(Acquired by Covertrus, Inc.)
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H3 Financial Services Inc., Doing Business as VCP, the leading provider of wellness plan management and wellness club solutions for the veterinary industry. Find out more about VCP by visiting www.VCP.VET or on LinkedIn at VCP Veterinary Care Plan. (Dave Chairman of the Board.)
Visit WebsitePING IDENTITY CORPORATION
(Acquired by Vista Equity )
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The leader in “federated identity” software, the backbone for bank and financial institution secure recognition of customers and financial partners. Creators of “PingFederate”, “PingDeploy” and “SourceID”, software products that deploy connectivity and security solutions that follow the Liberty Alliance standard, which PingID helped to mold. Part of the invisible plumbing of communications networks, you couldn’t bank without it.
Visit WebsiteKODIAK VENTURES, L.P.
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Berkus Technology Ventures, LLC served as General Partner for this technology venture fund which closed in late 2012, earning a spot in the top 2% of all vintage 1999 funds for its excellent performance. (Dave Managing Partner.)
ETEAM, inc.
(Acquired by NC4 then IBM)
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A software and services company providing products and services to public and private entities engaged in emergency and event management. Provided emergency and communications management systems for Democratic and Republican conventions, the Salt Lake City and Athens Olympic Games, emergency coordination for hurricanes Charley, Francis and Ivan, Reagan memorial services and Election day, among many others. Working for the FBI, state and local governments and companies worldwide.
GAMESPY INDUSTRIES, Inc / IGN Network
(Acquired by Fox Interactive)
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The most visited game community of the Internet, with over 40 million combined visitors and over 41 million registered users of its technology. Creator of tools used by most of the largest game developers and publishers to enable Internet multi-player capabilities. GameSpy is the most-often used method for interactive game players to find their game servers and join the fun!
INCEPTOR, INC.
(Acquired by Sprint Yellow Pages)
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The premiere marketing tools company for Internet marketing. Inceptor gives on-line marketers the technical capabilities and real-time information to measurably increase the effectiveness of their Internet marketing efforts. (From an acquisition of the assets of Word Of Net, Inc.)
LEISURELINK, INC.
(Merged with VacationRoost, Inc)
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The world’s leading platform for vacation rentals, revolutionizing booking by aggregating inventory from property management companies globally and distributing it through travel agents, SABRE, GALILEO, AMADEUS, PRICELINE, and 150+ online travel sites. LeisureLink facilitated real-time reservations and payments via agencies like AirB&B, HomeAway, Expedia, Travelocity, Hotels.com, and Yahoo. Funded by Kodiak Ventures, Mission Ventures, RCI, and Clearstone Ventures.
(Dave former Chairman of the Board.)
MACRO EDUCATIONAL SYSTEMS, INC.
(Acquired by NCS-Pearson)
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North America’s largest supplier of student information systems for K-12 school districts nationwide. Creator of “SASI”, the leader in innovation and use.
(Dave on the Board.)
MULTI-SYSTEMS, INC. (MSI)
(Acquired by Jonas Software, 2016)
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Hotel core systems provider of property management software and associated systems, serving over 3,800 hotels in North America with first class service, featuring second generation true cloud software.
(Dave adviser to the CEO.)
ONDAX, Inc.
(Acquired in 2018)
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The market leader in the design, manufacture and marketing of high-performance holographic optical filters, wavelength-stabilized laser sources, and high-performance systems for a wide range of industrial, scientific, defense and consumer applications.
PHATNOISE, INC/ HARMON INTERNATIONAL
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ntelligent networking for portable applications, including the automobile. Featuring the PhatBox, digital media player for cars, PhatNoise produced computer networks that tie communication and entertainment systems into one seamless platform linked to a car’s audio-visual infrastructure. (From a sale of PhatNoise to Harmon, International.)
PICTAGE, INC.
(Acquired in 2005)
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The world’s largest processor of digital photographs for professional photographers. Using unique technology and computerized control systems, Pictage supports North American and overseas professional photographers by taking over all ordering, fulfillment and collection tasks, including publishing proofs on the Internet and producing finished digital prints in its large in-house laboratory.
WEGOLOOK, LLC
(Acquired by Crawford Insurance in 2017)
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“The UBER of inspections.” Over 30,000 individual “lookers” take assignments from eBay Motors shoppers, people needing to inspect remote purchases before making the transaction, and insurance companies able to eliminate inspectors in marginal areas of the country.
DURAND COMMUNICATIONS, INC.
(Acquired by WEBB, Inc., a public company.)
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Early to the Internet with innovative photo-database and community products that predated Web 2.0 social networking by more than a decade.
Several Selected Current Portfolio Companies
AURIQ SYSTEMS, Inc.
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Leader in network infrastructure solutions that enable the world’s network service providers (telecom, wireless, ISPs, ASPs, cable and broadband operators) to offer bandwidth measurement, real-time control over user-redirection, marketing information and dynamic web usage billing for large entities. Now featuring “Essentia,” the fastest big data analytic engine ever. Active in North America and Asia. Partnering with some of the biggest names in e-commerce. (Dave on the Board.)
Visit WebsiteBEACON HEALTHCARE SYSTEMS, INC.
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Cloud-based software-as-a-service systems for health plan compliance and operations. Provides systems and consulting for some of the major healthcare providers in America and beyond. (Dave former Chairman of the Board)
Visit WebsiteCEYX TECHNOLOGIES, INC.
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Developer of software-enabled control systems for light-emitting devices (such as diode lasers). Breakthrough solution that will render analog controls obsolete and become the de facto standard for systems that monitor and control any form of emitted light.
Visit WebsiteEPC INTERNATIONAL, Inc.
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A leader in enterprise supply chain software and handheld solutions for the perishable foods industry. Developer of “Titan 9”, SQL Server / Oracle-based enterprise solution for route and bulk distributors. (Dave Chairman of the Board.)
OEWAVES, Inc.
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Providing revolutionary technology in miniature microwave photonics. (Dave on the Board.)
TRANSCEPTA, LLC.
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Eighty percent of American businesses rely upon paper for invoices and payments. Transcepta is a service that automates business invoicing in large quantities – over a million invoices each month. Using Transcepta’s unique technology, companies are paid faster and at less cost for the accounting and collection process. (Dave Chairman of the Board.)
Visit WebsiteX-AD, Inc.
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Creator of patented “multi-modal” tools for cellular carriers, extending user applications of cell phones to include use of voice and visual capabilities simultaneously, combination of text and voice communication, and user control over multimedia content using a cell phone.
BEBUZEE, Inc.
OTCMKTS: BBUZ
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Bebuzee’s "super-app" platform includes video streaming, photo sharing, a messaging service, a wide variety of news services from national sources down to the local level, real estate information, a search engine for finding contractors, shopping services and payment options, travel services and entertainment ticketing, all through a seamless single gateway.
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