Keiretsu Forum Recent Member Exits (Boston Heart Diagnostics and Telltale Games)

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Keiretsu Forum Northern California members that invested in Boston Heart Diagnostics (BHD) in 2009 and 2011 have received a 10x return this month.  BHD was recently acquired by Eurofins Scientific, a Luxembourg-based company, for $140 million.  This will also include an earn-out that they expect will yield another $60 million for its selling shareholders.

This is an exciting time for Keiretsu Forum members with company exits and major portfolio news. Within the last month, we have had two exits: Telltale Games provided a 200x return for very early Keiretsu investors and Boston Heart Diagnostics investors received a 10x return.  Another portfolio company, minuteKey (known as Key Tech LLC when they received funding from Keiretsu Forum in 2009), has now raised over $81 million.

Read more about Lionsgate’s recent investment in Telltale Games 

Read more about Boston Heart Diagnostics recent acquisition

Read more about minuteKey’s recent $30 million raise

Lionsgate Invests in Videogame Publisher Telltale Games as Company Expands Beyond Films, TV

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Originally Published on Variety.com.

Keiretsu Forum members invested in Telltale games in 2006, the original release can be viewed here.

SAN FRANCISCO, CA — (Variety – February 25, 2015) — As it looks to expand beyond its core business of making movies and television shows, Lionsgatehas invested in Telltale Games, the developer of games based on AMC’s “The Walking Dead” and HBO’s “Game of Thrones.”

Lionsgate declined to disclose the size of the investment other than to say it was “significant.” The figure is said to be around $40 million, according to sources familiar with the deal, Variety has learned.

The move by Lionsgate is certainly a significant one, and gives the company behind “The Hunger Games” and “Twilight” franchises, a major stake in a well-respected and successful gamemaker after having only just formed a games group in April 2014, under the leadership of Peter Levin, a digital entrepreneur who had sold Chris Hardwick’s Nerdist Industries to Legendary Entertainment.

Since then, he’s moved Lionsgate primarily into the mobile games space, and scored with titles based on “Hunger Games” and “John Wick.”

But with Telltale, Lionsgate’s backing will enable the company to develop new games, and work with Lionsgate to co-develop titles that can be turned into movies and TV shows.

As part of the deal, Lionsgate CEO Jon Feltheimer will join Telltale’s board of directors.

“Our partnership with Kevin Bruner and his team at Telltale continues to accelerate our momentum in the game space,” said Levin, who serves as Lionsgate’s president of Lionsgate’s Interactive Ventures & Games. “The convergence between premium filmed entertainment brands and original game properties is a natural direction in which to continue diversifying our content business, and Telltale is the perfect partner with whom to explore this dynamic area of growth.”

Telltale’s “Walking Dead” game broke out as a hit selling 8.5 million copies, and introduced a unique episodic storytelling structure in its gameplay, rolling out as episodes, a format that’s now been used for the company’s sequels, but also a new game based on “Game of Thrones,” and other releases.

It’s also behind “The Wolf Among Us,” an episodic interactive graphic adventure based on Bill Willingham’s “Fables” comicbook, and “Tales from the Borderlands,” Telltale’s adaptation of Gearbox Software and 2K Games title.

“Telltale is one of the premier storytellers in the gaming world today,” Feltheimer said. “Their leadership in narrative-driven episodic games, together with our investment and the potential opportunities created by our premium content expertise, will continue to strengthen their ability to offer exciting new avenues of storytelling to their next generation audiences across a broad range of platforms.”

“Lionsgate is one of the most innovative, entrepreneurial and impressive content companies in the world today,” said Telltale CEO Kevin Bruner. “I’m delighted to welcome an experienced executive like Jon, a leader who shares our unique vision, to our board. Lionsgate has a great track record in developing and marketing feature films as well as platform-defining premium scripted television. This partnership will accelerate Telltale’s ability to create not only original games, but episodic television series based on our game properties – an area at the cutting edge of industry growth.”

Call for Applications: Keiretsu Forum Angel Investor Network Announces May 1 Angel Capital Expo in Silicon Valley

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SAN FRANCISCO, CA–(Marketwired – February 25, 2015) - Keiretsu Forum, the world’s largest private equity angel investment network, announces its 20th bi-annual Northern California Angel Capital Expo on Friday, May 1st, 2015 from 7:30 a.m. to 5:00 p.m. at Microsoft, 1065 La Avenida Street in Mountain View, California.

Angel Capital Expo is the premier gathering of angel investors and entrepreneurs seeking funding capital to grow their businesses. On May 1st, more than 300 of the Bay Area’s most active and respected angel investors will attend the Expo.

“Our Angel Capital Expo is an exclusive event that brings esteemed Keiretsu Forum members, other angel groups, and VC’s together to collaborate and fund companies,” said Randy Williams, Founder and CEO of Keiretsu Forum. “We are proud to play a seminal role in the growth of start-up businesses and job creation at a local, national, and international level.”

Angel Capital Expo will feature 18 high-quality, diverse investment opportunities in technology, healthcare/life sciences, consumer products, real estate and funds. Companies that apply to Keiretsu Forum are typically in their A or B rounds having already secured initial funding of $500k to $1.5 million from founders, friends, family, and individual angels. All presenters will be pre-screened by a select committee of Keiretsu Forum members. Presentation coaching will be provided to companies selected to present. Each entrepreneur will make an on-stage presentation and will be available for additional discussion and due diligence at their exhibitor booth throughout the day.

Apply to Present
Companies interested in presenting at the May 1st, 2015 Angel Capital Expo shouldcomplete the online application and contact Jenny Pater, Entrepreneur Director, at jpater@keiretsuforum.com or call (415) 573-0752.

Register to Attend
Hosted by Keiretsu Forum, the Angel Capital Expo is the premier gathering of the angel capital community. Invitation to attend is extended only to accredited investorsRegister here. For more information, contact Carla Silva, Membership & Finance Director, atcarla@keiretsuforum.com or call (415) 573-0753.

Become a Sponsor
If your company is interested in being a sponsor at the Angel Capital Expo, please contact Olivia Diamond, Marketing & Communications Director, at olivia@keiretsuforum.com or call (415) 573-0755.

Angel Capital Expo – Getting Funded by Angel Investors

About Keiretsu Forum
Keiretsu Forum was founded in 2000 by Randy Williams in the San Francisco Bay Area. With 36 chapters and over 1,400 accredited investor members, Keiretsu Forum is the world’s largest invite-only angel investor network. Keiretsu Forum members provide early stage capital in the range of $250k – 2 million in high quality, diverse investment opportunities and collaborate in the due-diligence, but make their own individual investment decisions. Through the Keiretsu Forum, more than $400 million of capital has been invested into technology, consumer products, Internet, healthcare, life sciences and real estate companies. For more information, visit www.keiretsuforum.com.

Disclaimer
KEIRETSU FORUM IS A FACILITATOR BRINGING TOGETHER INVESTORS AND EARLY STAGE COMPANIES OFFERING GENERALLY HIGH-RISK INVESTMENTS. KEIRETSU FORUM IS NOT AFFILIATED WITH THE PRESENTING COMPANIES AND DOES NOT ENDORSE, INVEST IN, ASSIST WITH INVESTMENT IN OR RECOMMEND ANY OF THE COMPANIES (OR THE SECURITIES OF SUCH COMPANIES) THAT MAY SEEK FUNDING THROUGH KEIRETSU FORUM MEMBERS, AND RECEIVES NO SUCCESS FEES OR OTHER COMPENSATION FOR ANY FUNDING THAT MAY OCCUR (ALTHOUGH KEIRETSU MEMBERS AND/OR VOLUNTEERS MAY HAVE AN ECONOMIC INTEREST OR AFFILIATION WITH PRESENTING COMPANIES WHICH KEIRETSU REQUIRES THEY DISCLOSE). ACCORDINGLY, ANY INFORMATION OR REPRESENTATIONS GIVEN OR MADE BY ANY PRESENTING COMPANIES MUST NOT BE RELIED UPON AS HAVING BEEN REVIEWED FOR ACCURACY OR AUTHORIZED BY KEIRETSU FORUM. ANY OFFERS TO, OR INVESTMENTS MADE, BY A MEMBER OF KEIRETSU FORUM WILL BE TO OR IN HIS, HER OR ITS INDIVIDUAL CAPACITY AND NOT ON BEHALF OF KEIRETSU FORUM. CONSEQUENTLY, INVESTORS MUST CONDUCT THEIR OWN DUE DILIGENCE IN CONNECTION WITH ANY INVESTMENT IN COMPANIES, INCLUDING BUT NOT LIMITED TO LEGAL, TAX AND INVESTMENT ADVICE.

Contact

Olivia Diamond
Keiretsu Forum
Director of Marketing & Communications
Email contact - - (415) 573-0755

Read more: http://www.digitaljournal.com/pr/2478952#ixzz3Sm70hdZc

Keiretsu Forum Northwest Announces $32.2 Million in Funding for 37 Companies in 2014

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SEATTLE, WA—February  16, 2015—Keiretsu Forum, the world’s largest investment community of private equity (angel) investors, today announced that $32.2 million was raised by 37 promising companies in 2014 through Keiretsu Forum Northwest, now encompassing Seattle, Kirkland, Portland, Boise, Spokane and Victoria and Vancouver BC chapters.   Of the 37 funded companies, 23 are from the Northwest region, including Kineta, Precision Image Analysis, Tether Technologies, and Cardiac Insight.  Investments in seven of the companies were follow-on rounds and 30 were new investments.

Technology companies received 17% of the funding, life sciences received 46%, real estate funds received 34% and consumer/retail received the remaining 3%.  Keiretsu Forum Northwest now has facilitated over $164 million in funding for 261 companies since founding the first Northwest chapter in the fall of 2005. The organization has also seen membership growth with 65 new members added in northwest chapters during 2014.

“It was a year of steady growth for our group in 2014 with a significant amount of additional liquidity coming back into market. Deal flow for 2015 is strong and we expect the funding volumes to continue to grow,” said Sherry Calvert, President of Keiretsu Forum Northwest. “The growth of our team in supporting our members and companies has further enhanced their collaboration in conducting due diligence and continues to draw talented and successful new members to our organization.”

Keiretsu Forum members enjoy the benefit of collectively screening investments and sharing expertise when evaluating various opportunities, ultimately allowing each member to make their own investment decisions.  In addition, by efficiently syndicating the companies receiving the most interest from investors in each of its chapters, Keiretsu Forum members receive access to high-quality deal flow from around the country and even the world.

A complete list of companies that raised funds via Keiretsu Forum Northwest in 2014 is below.

Washington
Attached Apps
BYNDL
CareCap
Cardiac Insight
Exponential Entertainment
HoneyComb
House of Matriarch
iHealthHome
Kineta
Minetta Brook
NuvoMed
Pet Hub
Precision Image Analysis
Pyattt/Broadmark Fund
Pyattt/Broadmark Fund II
Respect Network
Tectonic Audio
Tether Technologies
Textile Based Delivery
Pacific West Real Estate Income Fund

British Columbia
Flight Office

Oregon
Fairway America Fund VI
Scratch-It

California
Drever Capital
EV Connect
Graphene Technologies
Kiwi Crate
LiquidSpace
Ninja Metrics
Think Spider 

Hawaii
IBIS Networks 

New Jersey
rSportz

Maryland
20/20 Gene Systems 

Massachusetts
Embera NeuroPharma

Pennsylvania
Immunomic Therapeutics

Texas
Heat Genie
Savara Pharmaceuticals

About Keiretsu Forum

Keiretsu Forum was founded in 2000 by Randy Williams in the San Francisco Bay Area. With over 1,400 investor members throughout 36 chapters on 3 continents, Keiretsu Forum is the world’s largest angel investor network. Keiretsu Forum membership is comprised of angel investors, venture capitalists, corporate/institutional investors and serial entrepreneurs that provide early-stage capital in the range of $250,000 – $2 million to high-quality diverse investment opportunities. Keiretsu Forum is not a fund and does not invest as an LLC. Keiretsu Forum members collaborate in the due diligence but make individual investment decisions. For more information, please visit www.keiretsuforum.com or www.k4northwest.com.

# # #

For more information, media and bloggers only, please contact:
Lisa Weeks, Director of Marketing & Communications
206-387-7342
lisa@keiretsuforum.com

 

Keiretsu Forum Invests $45.3 Million Globally in 2014

Global Funding

Keiretsu Forum Invests $45.3 Million Globally in 2014

SAN FRANCISCO, CA — (Keiretsu Forum – February 10, 2015) — Keiretsu Forum announced this week that its global network of private equity investors has confirmed investment of $45.3 million in 79 ventures in 2014, with the average investment amount being $573,114. Life Science companies received 35% of the funding, 31% was invested in Technology, 31% in Real Estate, and 3% in Consumer/Retail Products.  Out of the 79 companies, 9 were follow-on investments in companies that had previously presented and raised capital through Keiretsu Forum, while the other 70 companies were new investments for the Keiretsu community.

“Last year was an incredible year for Keiretsu Forum.  We opened 8 new chapters, we had a record number of new members join our global community, and our members made investments in 79 companies,” said Randy Williams, Founder & CEO of Keiretsu Forum.  ”We are living in exciting times with amazing new technology. Our global chapters and global syndication platform, powered by ProSeeder Technologies, gives us the capability to syndicate companies from all over the world and provide them with the capital that they need to succeed.”

Keiretsu Forum membership provides members with the unique ability to access global deal flow.  Keiretsu members collectively screen companies and provide their valuable expertise in a group setting, but ultimately invest individually.   Companies that receive investment traction in one Keiretsu Forum region have the ability to travel to other chapters and raise added capital, both nationally and internationally.  Many of the 2014 funded companies raised additional capital via the Keiretsu Forum global syndication process, including Savara, Viakoo, Fairway America, and Ninja Metrics, among others.

About Keiretsu Forum

Keiretsu Forum was founded in 2000 by Randy Williams in the San Francisco Bay Area. With over 1,400 investor members throughout 36 chapters on 3 continents, Keiretsu Forum is the world’s largest angel investor network. Keiretsu Forum membership is comprised of angel investors, venture capitalists, corporate/institutional investors, and serial entrepreneurs who provide early-stage capital in the range of $250,000 – $2 million to high-quality, diverse investment opportunities. Keiretsu Forum is not a fund and does not invest as an LLC. Keiretsu Forum members collaborate in the due diligence but make individual investment decisions. For more information, please visit www.keiretsuforum.com.

Contact

Olivia Diamond
Marketing & Communications Director
olivia@keiretsuforum.com
(415) 573-0755

 

 

 

Keiretsu Forum Angels Expand Into London, Ontario

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TORONTO, ON. – (February 9, 2015) – Keiretsu Forum, the world’s largest angel investor network will launch its third Central Canadian chapter in London, Ontario on February 11th, 2015 with the help of TechAlliance. Keiretsu Forum will now have five active chapters across Canada.

“I believe that the 401-corridor extends far beyond Waterloo. Canada has tremendous reserves of expertise built up over decades of world-class R&D and product development investments. By leveraging Keiretsu Forum’s global infrastructure, we aim to build new companies actively engaged on the international theatre. The addition of London will further our reach to the investor and entrepreneur communities of Central Canada.” said Ozan Isinak, President of Keiretsu Forum Central Canada.

Kevin Sterling, President of the Keiretsu Forum Toronto chapter added, “This is exactly what Canada needs in order to secure its future as a competitive country. Keiretsu’s global reach allows entrepreneurs syndicated access to vital growth stage capital and to distribution channels that otherwise would be exceptionally difficult to attain.”

“The availability of capital for Canadian companies is important and so having access to a global network of investors and markets will be a significant gain for London’s businesses” says Justin Leushner, VP TechAlliance

Keiretsu Forum members receive access to high quality deal flow from around the world by enjoying the benefits of collectively screening and syndicating those companies receiving the most interest from investors in each chapter.

Contact

We encourage you to join us at one of our Forum meetings and to contact Ozan Isinak, President of the Keiretsu Forum Central Canada to learn more about our exciting presence in this wonderful and vibrant region.

Keiretsu Forum Toronto Inc.
c/o Gowlings
100 King Street West. Suite 1600
Toronto, Ontario
M5X 1C7 Canada

Tax Increase Prevention Act to Benefit Angels

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In December, President Obama signed the Tax Increase Prevention Act, which will benefit angel investments made by individuals or LLC funds in 2014.  This new law will mean that angel investors will pay no taxes on gains from your investments that meet several of the criteria below:

Criteria and Limitations:

  • Investments must be made by a non-corporate investor (for example, individuals or funds structured as LLCs).
  • Investments must be made in 2014.  There have been a variety of different levels of tax exclusions since 2010, from 50% to 100%.  A listing of the dates and percentages is here.
  • The company in which you invest must be a C corporation and must be a qualifying type of business (many businesses except financial institutions, farms, professional service firms, hotels, and restaurants)
  • The company in which you invest must not exceed $50 million in aggregate gross assets at any time before the investment or immediately afterward. An important issue in this size is that 80% of the assets must be used in the “active conduct” of the business at all times.
  • The stock must be purchased by the investor as an original issuance from the corporation, directly or through an underwriter. So, notes and warrants do not count. We’re hearing that if you have an outstanding note that converts to stock before December 31st, then the stock would count for this program. (BUT TALK TO YOUR ACCOUNTANT.)
  • The stock must be held for more than five years (subject to exemptions for qualifying tax-free rollovers)
  • There are limitations on redeeming shares of the company’s stock before and after the qualified stock is issued.
  • The gains eligible for the zero taxes by any single taxpayer max out at $10 million or ten times the adjusted tax basis of stock issued by the stock
  • The gains are also not subject to the Alternative Minimum Tax.

For more information, please see the article written by the Angel Capital Association here.

US Based Angel Investor Network Keiretsu Forum All Set To Foray Into Indian Market

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Originally published online at Inc42 Magazine and can be found here.  Written by Gopi Arora.

Keiretsu Forum, a US-based angel investor network is all set to start its Indian operations. The forum has around 1,400 members in 34 chapters across three continents and now going to formally launch its Chennai chapter in February.

Speaking on this development, Rajan Srikanth, Co-President, Keiretsu Forum Chennai & Singapore said, “The fact that there is a mushrooming of angel investor groups is a leading indicator that there is both startup activity as well as investor interest in it. There is also growing sophistication among the angels.”

The forum also has members from academic institutions and those who provide affiliated services to the entrepreneurship ecosystem, such as lawyers, merchant bankers, accounting and HR professionals. IIT-Madras and Anna University have also agreed to join the Chennai chapter, he added.

Keiretsu Forum was founded [by Randy Williams] in 2000 in the Bay Area, US and so far invested close to $500 Mn in 450 companies, with the average funding hovering around $1 Mn per startup.

Membership to the Keiretsu Forum is by invitation. The Chennai chapter has already signed up 10 investors since a soft launch in December. The members of this chapter will provide early stage capital ranging from INR 50 lakh to INR 5 Cr. They can help entrepreneurs raise higher amounts through syndication with other chapters worldwide.

Citing the Nasscom recent study, which states that the India will have 11,500 startups, employing about 2.5 lakh people in next five years, the forum says that if these startups are to grow and succeed, they just need not funds, but mentors too; people with experience and expertise to help them navigate the journey from a mere idea to a successful venture.

The Keiretsu Forum does not invest in startups, but facilitates the process of getting applications, screening them and putting up the short-listed applications before its chapter members for investment decisions. This forum will create a network for like-minded investors, it will also be a platform for angel investors to network with other investors and startups internationally.

Keiretsu Forum opens its first India chapter in Chennai

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Originally published in Business Standard, Article by Gireesh Babu

Keiretsu Forum, a global angel investor network with 1,400 accredited members, has forayed into India by opening a chapter in this city. The soft launch was on December 5, 2014 but the chapter will be officially launched on February 6 this year. With this, the Silicon Valley-based network will have 34 chapters across three continents.

“The Forum would offer international connectivity to investors and companies seeking angel investment, which means it would broaden the opportunities for them,” said Rajan Srikanth, co-president of Keiretsu Forum Chennai & Singapore. He added the Forum would help angel investors evaluate the deals in a better way, using the expertise from members across the world.

For instance, an angel investor in Chennai might not be able to invest in a start-up if there is no tool to evaluate the deal. “In the Forum, probably there might be somebody in the US or some other part of the world who might have already explored similar opportunities and might help investors here to evaluate the deal. It will increase the opportunities for both the investor and the start-up to work together,” said Srikanth.

A SNAPSHOT
  • Keiretsu Forum was founded in San Francisco East Bay in 2000
  • It has 34 chapters in 3 continents and around 1,400 members
  • US members have invested close to $500 mn in 450 companies
  • Indian members will provide early-stage capital of Rs 50 lakh-5 crore
  • Syndication to chapters worldwide, can help firms raise up to $10 mn

Globally, Keiretsu Forum works through franchisees. One franchisee is allowed to open up to four chapters. The franchisee team behind the Chennai chapter is set to soft-launch a chapter in Singapore on February 5.

The Chennai and Singapore chapters will work together and will have meetings connecting the investors and companies at both places. The activities of the Forum will include bringing academia into it.

The Chennai chapter has already got the Indian Institute of Technology-Madras and Anna University as members.It is expected to start operations with 15 members, of which 10 have signed up. Each chapter will have a cap of 150 members.

The franchisee team is also planning to open chapters in Bengaluru and Hyderabad later this year and next year, respectively, said Srikanth.

The Forum is registered as a for-profit company, which will work as a facilitator for angel investors and companies. The franchisee will charge a nominal fee and will pay royalty to the global Forum.

The Indian angel investment segment is witnessing a growth phase with successful entrepreneurs as well as professionals investing money, time and expertise to nurture promising start-ups.

While the Chennai chapter will create a network for like-minded investors, it will also be a platform for angel investors to network with other investors and start-ups internationally, said Srikanth, who is also the managing director of SmartKapital, a venture services advisory firm.

Keiretsu Forum to Start its India Journey on February 6

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Original article can be found here.

CHENNAI, INDIA–( JANUARY 19,2015)–  Angel investing is set to get a leg up with the Keiretsu Forum, a leading global investor network, starting its India operations. Its Chennai chapter, the forum’s 34th globally and first in the country, will be formally launched on February 6.

“The fact that there is a mushrooming of angel investor groups is a leading indicator that there is both start-up activity as well as investor interest in it. There is also growing sophistication among the angels,” says Rajan Srikanth, Co-President, Keiretsu Forum Chennai & Singapore. Keiretsu Forum was founded in 2000 [by Randy Williams] in the Bay Area, US.

Angel investors are wealthy individuals who invest in and mentor start-ups from an early stage. India has a few organised angel groups such as Indian Angel Network, Mumbai Angels and Chennai Angels.

Keiretsu is a Japanese term describing a group of affiliated corporations with broad power and reach. The forum globally has 1,400 members in three continents.

“With its India entry, says Srikanth, Keiretsu believes it can take angel investing activity to the next level.”

Membership to the Keiretsu Forum is by invitation and the Chennai chapter has signed up 10 investors since a soft launch in December, including Chand Das, Chief Executive – ITC Education and Stationery; Biji Kurien, former CEO, Berger Paints; and S Gopal, former Managing Director, Chemplast Sanmar.

Academic angle

The forum also has members from academic institutions and those who provide affiliated services to the entrepreneurship ecosystem, such as lawyers, merchant bankers, accounting and HR professionals. According to Srikanth, IIT-Madras and Anna University have agreed to join the Chennai chapter.

The advantage for them is they can send students to the chapter meetings of the forum, where investment proposals are discussed and vetted, so that the students can learn what it takes to be an entrepreneur and how to make a presentation for raising funds.

Faculty members too are allowed to attend these meetings. By allowing lecturers and professors to attend chapter meetings, the forum hopes they will bring more of the cutting edge research that happens in the institutions into commercial use.

Why Chennai? “One, because I am from Chennai,” says Srikanth, an alumnus of IIT-Madras, who went on to do a Ph D in the US and worked there for nearly two decades before returning home. Two, Srikanth says he was involved in conducting TiE Chennai’s Pitch Fest – where entrepreneurs pitch their ventures to investors –for nearly six years, and found that there was enormous activity going on in the city.

The belief was that there was not much of risk-taking in Chennai. “We wanted to change that (with the Pitch Fest),” he says.

From the Pitch Fest, he realised there was a pent up demand from investors for businesses to invest in. “I am not starting (the Chennai chapter) on a losing ticket. I am starting with a horse which I think is actually the dark horse,” he adds.

(This article was published on January 19, 2015)