SAN
FRANCISCO, California, February 28, 2001
- Televoke, Inc., a company focused on
"connecting people to things"
announced today that it has raised $6.7
million in its second round financing.
WI Harper Group led the round, with SBVC
(SOFTBANK Venture Capital) and Cardinal
Venture Capital also participating. Televoke
has raised over $10 million since it was
founded in 1999.
Televoke
provides a notification, control, and
tracking service platform that users
access via the Web and phone. The Televoke
system can be tailored and private labeled
for a variety of mobile and fixed applications,
including telematics, home and commercial
security, home automation, and person
and pet tracking. Televoke recently
announced that its customers Omega,
Satronics and Securatrak have launched
their automotive and asset tracking
applications based on the Televoke mobile
application hosting network.
"This latest round of financing
will allow us to aggressively launch
and showcase several new customers,
as well as pursue other market segments,"
said Rick Bentley, CEO of Televoke.
"We value our relationship with
all three venture firms as their proven
track records will assist Televoke as
we expand into Asia and other markets."
WI
Harper Group is a leading venture capital
firm, focused on high tech investment
and business opportunities in the US
and the Greater China regions. Liu,
a former general partner of Walden International
Asia, founded the firm in 1989. Peter
Liu, Chairman of the WI Harper Group,
is joining Televoke's board of directors.
"We
are very excited about the Televoke
team and its market focus. We believe
that the safety, security and information
value of its services translate to a
compelling service for automotive and
other markets worldwide," said
Liu.
About
Televoke, Inc.
Televoke,
Inc. uses automated web and telephone
services for "connecting people
to things." For the first
time ever, consumers will have the option
of being automatically notified via
phone, pager or email when a valuable
asset (fixed or mobile) is at risk.
Televoke's service platform offers consumers
the ability to track and control a device
(e.g. vehicle or computer) remotely,
providing an unprecedented level of
security and safety. Founded in 1999
and headquartered in San Francisco,
CA, Televoke is a privately held company
with investors that include SBVC, WI
Harper Group, and Cardinal Venture Capital.
For more information on Televoke, please
CLICK HERE.
About
WI Harper Group
WI
Harper Group is one of the first San
Francisco-based high technology venture
capital firms focused exclusively on
creating a bridge between Silicon Valley
and the Greater China Region (Hong Kong,
China and Taiwan), with its headquarters
in San Francisco, and regional offices
in Hong Kong, Beijing, and Taipei. WI
Harper has created a unique network
with entrepreneurial energy, superior
technical know-how, manufacturing capabilities,
human resources, capital and market
channels on both sides of the Pacific
Rim. Currently, WI Harper manages four
venture funds, with over US$180 million
under management. WI Harper has invested
in over 90 technology companies covering
a wide range of sectors such as e-commerce,
digital media, wireless applications,
broadband, optical networking equipment
and biotechnology.
About
SBVC
SBVC
works with the best entrepreneurs to
create the most powerful companies of
the Internet economy. SBVC has $2.5
billion under its management, over 150
leading Internet companies in its portfolio,
and an unparalleled investment team
of former CEOs and entrepreneurs, technology
pioneers, senior executives from major
technology corporations, and leaders
from the investment banking community.
Companies in its portfolio include Art
Technology Group, BUY.COM, E*TRADE,
Interliant, iPrint.com, Net2Phone, PeoplePC,
Preview Systems, Support.com and TeraBeam
Networks.
About Cardinal Venture Capital
As
a funding source, Cardinal Venture Capital
fills the financing gap between angel
investors and larger venture funds.
The firm invests between $500,000 and
$2 million initially in each company,
and often co-invests with partners,
including incubators, early and late-stage
funds and corporate investors.
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