GrandBanks Capital, an early stage venture capital firm focused on east-coast investments, today announced that Greg Jones has joined the firm as its Chief Administrative Officer. In his new role, Jones will focus on managing the financial, legal, and operational activities of the fund.
“We’re excited to add Greg’s legal skills and extensive venture capital background as we continue to expand the experience set of our successful investment team,” said Charley Lax, founder and Managing General Partner at GrandBanks Capital. “His approach to venture capital investments adds depth to our recognized thought leadership, and is a perfect fit with our mission of building dominant, market leading portfolio companies.”
Jones comes to the GrandBanks Capital team from Testa, Hurwitz & Thibeault, LLP in Boston, where he spent more than eight years representing venture capital funds in connection with their portfolio company investment activity, fund formation, and regulatory matters. In his former role, Jones also represented numerous high technology and emerging growth private and public companies in connection with private financings and IPOs, commercial lending and equipment leasing arrangements, mergers and acquisitions, licensing transactions, and joint ventures.
“During our tenure as colleagues at Testa Hurwitz, Greg was highly sought after by our venture capital clients and business practice team,” said Stephen A. Hurwitz, a partner with Choate, Hall & Stewart LLP and co-founding partner of Testa, Hurwitz & Thibeault, LLP. “He will be a great asset to the GrandBanks Capital investment team.”
Jones started his career with Arthur Young & Co. in New York and is also a certified public accountant. He holds an AB from Dartmouth College, a MBA from New York University’s Stern School of Business, and a JD from the Boston University School of Law.
Established in 2000, GrandBanks Capital has invested in portfolio companies in the areas of Internet infrastructure, software, security and storage applications, and media and wireless technologies and services. The GrandBanks Capital portfolio currently includes: 
Colubris Networks Inc., Coradiant Inc., CXO Systems, Inc., Ember Corporation, Enpocket Inc., GlassHouse Technologies, Inc., Incipient, Inc., OutStart, Inc., and uLocate Communications, Inc.
About GrandBanks Capital
GrandBanks Capital invests in early stage companies located primarily in the eastern part of the U.S. and operating principally in the areas of Internet infrastructure, software and software services, security and storage applications, media technologies and services, financial technologies and services, and wireless technologies and services. With collectively more than 100 years of venture capital investing and senior operating experience, the GrandBanks Capital investment team utilizes their extensive thought leadership and their proven investment and operating expertise to guide entrepreneurs to market leadership.
For more information, visit www.grandbankscapital.com.
