InsideVenture's Direct Private Market — Powered by IntraLinks — to Provide Pre-IPO Companies with Secure Online Fundraising Platform
New York, January 12, 2009 — InsideVenture, the industry’s only direct private market for institutional and strategic investment in late-stage private companies, today announced its partnership with IntraLinks®, Inc., the leading provider of online workspaces for secure document exchange. The alliance will provide InsideVenture’s qualified institutional buyers (QIBs) with a secure online platform for reviewing due diligence information from select venture-backed private companies.
InsideVenture will use IntraLinks to enable privately held companies to securely share non-public financial and performance data with potential institutional investors. The IntraLinks platform will also provide InsideVenture members with dealflow insight and relationship building opportunities to facilitate late-stage private investing and to prepare for IPOs. InsideVenture is limiting its membership to the top 100 long-term, institutional buy-side fund managers, strategic corporations and late-stage venture capital funds.
“InsideVenture’s unique offering to institutional investors highlights how IntraLinks’ real-time reporting improves business intelligence,” said J. Andrew Damico, President and CEO of IntraLinks. “IntraLinks is proud to partner with InsideVenture to provide an efficient and cost-effective platform for its members to securely share critical business information.”
“With the power of Intralinks, InsideVenture's member investors will have direct access to a secure and standard flow of private due diligence data they've come to expect from public investing opportunities," said Mona DeFrawi, CEO of InsideVenture. "IntraLinks joins InsideVenture’s stellar list of leading financial services and investment companies that together make InsideVenture the only industry sponsored initiative dedicated to providing pre-IPO companies with new avenues to secure long-term investment matched to their unique growth and business objectives.”
About InsideVenture
InsideVenture provides the industry’s only direct private market platform for institutional and strategic investment in late-stage private companies. InsideVenture’s exclusive vetting and membership requirements connect the best late-stage venture-backed companies with revered long-term institutional and strategic investors to facilitate late-stage transactions, IPO participation and aftermarket support. InsideVenture is an Industry Sponsored Enterprise with strategic or financial backing from investment leaders like T. Rowe Price, Wasatch Advisors, Silicon Valley Bank, New Enterprise Associates, Domain Associates, DCM, Venrock Associates, Versant Ventures, Frazier Healthcare Ventures, Clarus Ventures, and Aisling Capital among others. InsideVenture is based in Menlo Park, California and on the web at www.insideventure.com