GrandBanks Capital, an early stage venture capital firm focused on technology related east-coast investments, today announced the promotion of Ryan Moore from Principal to General Partner. Moore, a co-founding member of GrandBanks Capital in 2000, currently manages portfolio companies in the wireless and software sectors.
“Ryan has been a standout member of our team since 1999 when I brought him onboard at SOFTBANK Venture Capital (Mobius Venture Capital), and I am honored to have him as a partner,” said Charley Lax, Founder and Managing General Partner at GrandBanks Capital. “Ryan’s broad network and thought leadership within the venture capital industry is a tremendous asset to GrandBanks Capital, and he has made great steps toward building his portfolio companies into dominant, market leaders.”
Moore currently serves on the Board of Directors of uLocate Communications, GlassHouse Technologies, and a new investment, which has not been publicly announced. He also co-manages GrandBanks Capital’s investments in Enpocket and Coradiant, and is constantly pursing new investing opportunities within the wireless and software markets.
“I am excited about my new role and this opportunity to take the next step forward in my venture capital career at GrandBanks Capital,” said Moore. “I look forward to the challenge of building our portfolio companies into market-defining leaders while working alongside our veteran investment team.”
“The persistent and diligent work ethic that Ryan has exhibited during his tenure at GrandBanks Capital makes him more than deserving of this promotion,” said Jeff Parker, founding Venture Partner at GrandBanks Capital. “Much of the success of our current portfolio can be attributed to Ryan’s tireless efforts hiring new executives, raising additional rounds of venture funding, and sourcing new deals and customer relationships.”
“Ryan’s contributions proved to be a guiding light for uLocate as we worked through our incubation stage at GrandBanks Capital,” said Alan Phillips, Co-founder and Vice President of Business Development at uLocate Communications. “As a Board member, he has played a major role in our CEO search. Using his network of industry contacts, Ryan was able to find credible candidates for the position, while relying on his business savvy to identify a CEO who is the right fit for the uLocate organization.”
Established in 2000, GrandBanks Capital has invested in 11 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 United States. With headquarters outside of Boston, the firm was established in partnership with SOFTBANK Corp and has proven investment expertise in Internet infrastructure, software, security and storage applications, media and wireless technologies and services, and financial 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. For more information, please visit www.grandbankscapital.com.
Press Contact:
Jaime Baldante
GrandBanks Capital
(617) 558-6741
jbaldante@grandbankscapital.com
