By: Rachel Nielsen
GrandBanks Capital, an early-stage venture capital firm, has promoted Ryan Moore, a wireless and software investor with the firm, to general partner.
Moore, who joined GrandBanks as a co-founding member about five years ago, most recently was a GrandBanks principal.
He manages the firm’s portfolio companies in the wireless and software sectors, GrandBanks said in a press release.
Moore is a board member at uLocate Communications Inc., a provider of location-based services for cellphones, and at GlassHouse Technologies Inc., a provider of data storage consulting and services. He also is a director at a third, not-yet-announced portfolio company, the firm said in the release.
In addition, Moore co-manages the firm’s investments in Enpocket Inc. and Coradiant Inc. Enpocket is a mobile community and content applications provider, and Coradiant offers tools for businesses to monitor their Web sites and networks.
Established in 2000, GrandBanks Capital has invested in about 10 portfolio companies. Its target investment areas include Internet infrastructure, software, and security and storage applications. It also invests in media and wireless technologies and services.
The firm, in Newton Center, Mass., outside of Boston, mostly tries to place its investments in early-stage companies located in the Eastern U.S.
Besides the companies Moore is involved with, GrandBanks’s portfolio includes companies such as Colubris Networks Inc. and Ember Corp.
GrandBanks Capital was co-founded by Softbank Corp. and Mobius Venture Capital, formerly Softbank Venture Capital, to support early-stage investment activities on the East Coast by partner Charley Lax.
Lax, who is the managing general partner at GrandBanks, recruited Moore to Softbank Venture Capital-Mobius Venture Capital in 1999.
