| Type | Private |
|---|---|
| Industry | Private equity |
| Founded | 1992 |
| Headquarters | San Francisco, California, United States |
| Products | Venture capital |
| Total assets | $1 billion |
| Employees | 20+ |
| Website | www.graniteventures.com |
Granite Ventures is a venture capital firm with offices in San Francisco, California. Granite's predecessor H&Q Venture Associates, founded in 1992, was the venture capital investment arm of Hambrecht & Quist, a leading technology oriented investment bank. Granite completed a spinout from H&Q when the bank was sold to Chase Manhattan Bank in 1999.
Since its founding, Granite has raised over $1 billion in investor commitments and has invested in more than 90 companies. In 2005, the firm raised Granite Ventures II, its second fund since completing its spinout in 2000, with $350 million of investor commitments.[1]
Granite's investment professionals include: Tom Furlong, Chris Hollenbeck, Sam Kingsland, Standish O'Grady, Len Rand and Eric Zimits.
Granite has backed such companies as Tumbleweed Communications, Plumtree Software, Sendmail, and Westbridge Technology.
Granite has established strategic partnerships with technology firms including Adobe Systems, British Telecom, and Texas Instruments. In these partnerships Granite has provided management services for the company's in-house venture programs.
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