Subject: Venture News, Monday, November 13, 2000
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Date: Mon, 13 Nov 2000 04:00:00 -0800 (PST)

o eSpeed Fulfillment Taps Lawyer, Consultant for Board

DALLAS -- eSpeed Fulfillment, which provides services
and technology to business-to-business and business-to-consumer
Internet companies, said it has appointed David
Bryant, partner of Hughes & Luce, a Texas technology
law firm, and Robert J. Potter, president and CEO
of R. J. Potter, a Dallas-based consulting firm,
as the second and third members of its board. eSpeed
Fulfillment closed its first round of funding in
September at just under $1 million from undisclosed
individual investors. eSpeed said that it will use
the funds to develop logistics and order management
technology.
http://www.espeedfulfillment.com/

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Internet Exchange Reports Success 

More than 40 million barrels of crude and refined oil derivatives have been 
traded online on the IntercontinentalExchange (ICE) since its launch of 
energy trading two weeks ago, a spokeswoman said Thursday. 

The internet platform, located at www.intercontinentalexchange.com, has been 
trading in precious metals since August and began live trading of energy 
products Oct. 12. 

By the close of trade Wednesday, ICE had traded more than 40 million bbl of 
crude and refined derivatives, 240 million Btu of natural gas and natural gas 
derivatives, and 6 million megawatt hours of power, a spokeswoman said. 

The trades bring the total notional value for all over-the- counter products 
traded to date on the ICE to more than $6 billion, said Chief Executive 
Jeffrey Sprecher. 

Oil swaps traded on ICE include crude oil, fuel oil, gas oil/heating oil, jet 
fuel, gasoline, and naphtha. 

Natural gas and power products include physically delivered gas at fixed and 
indexed prices, natural gas basis and swing swaps, and firm power.

_____________________________________________

o Software Firm CES Lands $12 Million in Second Round

ATLANTA -- CES International, which makes operations
management software for utility companies, received
$10 million in its second round of financing from
Cinergy Ventures, the venture division of utility
company Cinergy, and $2 million from previous investor
Wexford Capital Management. Larry Thomas, group
president of new technology and energy delivery
for Cinergy, will join CES's board as its sixth
member. CES said it plans to use the funds to expand
the company in the U.S. and abroad and for research
and development.
http://www.ces.com/

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o eVentures India Gets $150 Million from Softbank, Epartners

MUMBAI, India -- eVentures India, an investment
and operating company, said it received $150 million
from previous investors Softbank and epartners.
eVentures India focuses on investing in and developing
Internet and new media related ventures with a significant
Indian component. The company said it will use the
new capital to invest in four areas: Internet-based
software and IT-enabled services, infrastructure,
new technologies in areas like wireless and broadband,
and B2B enabling services. P.K. Mittal, an Indian
industrialist, is also an investor. eVentures India
has committed $65 million to 14 partner companies,
including NetAcross Online Solutions, Netpilgrim,
and Customerasset.com. The company has offices in
Mumbai and New York.
http://www.eventures.co.in/
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o E-commerce Firm RedSpark Gets $14 Million in First Round

SAN FRANCISCO -- RedSpark, which provides applications
and e-commerce services for the manufacturing industry,
said it has raised $14 million in its first round
of funding led by Crosspoint Venture Partners that
included Impact Venture Partners. RedSpark, which
was spun out of Autodesk, said it will use the funds
for deployment of its services. Bob Lisbonne, general
partner of Crosspoint, will join Carol Bartz, the
chief executive officer of Autodesk, and RedSpark
president and chief executive officer Dominic Gallello,
on the company's board of directors.
http://www.redspark.com/
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o Logistics Technology Firm Velant Raises $7 Million Round One

ATLANTA -- Velant, which develops Web-based decision
making software for automating and speeding up transportation
planning, said it closed its first round with $7
million from Matrix Partners and other individual
investors. The company will use the funds to expand
its staff and offices.
http://www.velant.com/
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o Network App Firm XDegrees Raises $8 Million First Round

MOUNTAIN VIEW, Calif. -- XDegrees, a provider of
infrastructure for network applications, announced
it has launched and raised $8 million in its first
round of funding from Redpoint Ventures and Cambrian
Ventures. The company was founded by Michael Tanne,
the chief executive officer, and Dan Teodosiu, the
chief technology officer. XDegrees has built a secure
scalable infrastructure services that enables enterprise
and consumer application developers to build and
deploy network applications.
http://www.xdegrees.com/
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o Broadband Developer Malibu Networks Raises $30 Million

SEATTLE -- Malibu Networks, which is developing
wireless broadband technologies, raised $30 million
in its second round of funding, according to investors
CVC Capital Partners and Second Avenue Partners.
The two firms jointly contributed $10 million to
the round which also included investments from ARCH
Venture Partners, Polaris Venture Partners, and
a consortium of existing investors. Calabasas-based
Malibu Networks is developing wirelss broadband
modem chips.
http://www.malibunetworks.com/
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o XML App Firm Bowstreet Raises $50 Million Round Four

PORTSMOUTH, N.H. -- Bowstreet, an e-commerce XML
infrastructure firm, said it closed its fourth round
of financing with $50 million from new investors
Amerindo Investment Advisors, Azure Capital, Essex
Partners, and Putnam Investors and from previous
investors Charles River Ventures, Matrix Partners,
Integral Capital Partners, and Kleiner Perkins Caufield
& Byers, among others. Bowstreet said it will use
the funds to develop and research its products.
There will be no board changes as a result of the
round.
http://www.bowstreet.com/
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o Spike Broadband Systems Raises $47 Million

NASHUA, N.H. -- Spike Broadband Systems, a provider
of carrier-class, fixed wireless broadband access
products, said it has raised $47 million from Canada-based
CDP Sofinov, a subsidiary of the Caisse de depot
et placement du Quebec, an investment fund manager.
Other investors include CDP Capital Communications,
Sandler Capital Management, Cabletron Systems, Ironside
Ventures, HLM Management, US Bancorp Piper Jaffray,
Dain Rauscher Venture Partners, Wheatley Partners,
Rosewood Corp., Agilent Technologies, Signal Equity
Partners and Commonwealth Capital Ventures. Spike
said it will use the funding to meet product demand,
increase its sales activities, and scale its production
and distribution capacity.
http://www.spikebroadband.net/
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o Embedded  Wireless Devices Raises $20 Million Third Round

PLEASANTON, Calif. -- Embedded Wireless Devices
(EWD), a developer and marketer of silicon services
for wireless, audio, and Internet applications,
said it received more than $20 million in third
round financing from new investors H&Q/GAI and Anadigics
and previous investors Trieste Investment Groups,
Good Honor Holdings, Apodaca, Maton Fund II L.P.,
and Hotung Investment Holdings Limited. The company
plans to use the capital to strengthen its engineering
and marketing teams, develop new semiconductor and
software products, and bring wireless multi-point
services to market. The company has raised $30 million
to date.
http://www.embeddedwireless.net/