Tech Company Financing Transactions

Hillcrest Laboratories Funding Round

Hillcrest Laboratories, based in Rockville, secured $10 million from New Enterprise Associates, Columbia Capital and Grotech Ventures.

Transaction Overview

Company Name
Hillcrest Laboratories
Announced On
1/6/2004
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series C
Investors

New Enterprise Associates (Lead Investor) (Peter Barris)

Columbia Capital (Philip Herget)

Grotech Ventures (Patrick Herins)

Proceeds Purpose
"We are very pleased to have our product concept validated by this funding from blue chipinvestors, especially in this extremely challenging economic environment," said Company CEO Daniel Simpkins."During the past two years, the Hillcrest engineering team has created a revolutionary approachto the management of multimedia that will significantly improve the way people interact with theirtelevision sets and home media centers. With this investment, we can get this technology toconsumers."

Company Information

Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
15245 Shady Grove Rd. 400
Rockville, MD 20850
USA
Phone
(240) 386-0600
Website
www.hillcrestlabs.com
Email Address
[email protected]
Overview
Hillcrest Labs is the leading global supplier of software and hardware for motion control applications. Our Freespace technology transforms raw sensor data into advanced motion information. From smart TVs to smartphones and beyond, Freespace motion makes products come to life.
Profile
Hillcrest Laboratories LinkedIn Company Profile
Social Media
Hillcrest Laboratories Company Twitter Account
Company News
Hillcrest Laboratories News
Facebook
Hillcrest Laboratories on Facebook
YouTube
Hillcrest Laboratories on YouTube

Management Team

Title
Name
Email & Social
General Manager
Chad Lucien
  Chad Lucien LinkedIn Profile  Chad Lucien Twitter Account  Chad Lucien News  Chad Lucien on Facebook
Vice President
Steve Scheirey
  Steve Scheirey LinkedIn Profile  Steve Scheirey Twitter Account  Steve Scheirey News  Steve Scheirey on Facebook
VP - Operations
Steve Francz
  Steve Francz LinkedIn Profile  Steve Francz Twitter Account  Steve Francz News  Steve Francz on Facebook

 

 

Browse more venture capital transactions:

Prev: 1/6/2004: NetByTel venture capital transaction
Next: 1/6/2004: Spiration venture capital transaction

 

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