Silicom Ventures participates in financing the spin-off of eBeam from EFI.
Los Altos, California, July 9th, 2003 - Silicom Ventures, a Silicon Valley base investment group, announced today it had successfully participated in the funding of the spin-off of eBeam, an electronic whiteboard products developer, from Electronics For Imaging (Nasdaq:EFII). The lead investor was Globespan Capital Partners.
Jacob Dayan, a successful entrepreneur with over 30 years of track record in the operational field, will represent Silicom Ventures investors on the board of directors.
“This was a unique opportunity for our investors” said Gadi Behar, founder and managing director of Silicom Ventures, “It is a rare case where angel investors can invest side by side with a reputable VC in a startup having a mature product which dominates its market and with significant revenue. In addition, its team is extremely talented and cohesive, having worked together since 2000 on developing the product at EFI".
ABOUT SILICOM VENTURES
Silicom Ventures provides a conduit for technological innovation linking qualified, experienced investors with entrepreneurs from around the globe. Our 150 members include a diverse group of high tech Angel and Venture capital investors specializing in early round financing. Beyond funding, Silicom Ventures adds value to companies by providing contacts with potential customers, potential partners, help with recruiting and consulting on technical and business issues. More about Silicom Ventures www.silicomventures.com
ABOUT EBEAM (Luidia)
The award-winning eBeam system is a digital whiteboard appliance that works with existing whiteboards and other writing surfaces to capture meeting notes and diagrams as they are created. Information is viewed, saved, edited, shared, and printed using a PC or Mac. Unlike traditional electronic whiteboards and copyboards, the eBeam device is portable, easy to install, and Web-enabled. The entire system - consisting of a palm-sized receiver, pen sleeves, standard dry-erase pens, and an eraser - can be carried in a laptop case and installed in minutes. More about eBeam www.e-beam.com