Friday, June 2, 2006

Ignition Adds $80M To Coffers

Bellevue, Washington-based venture capital firm Ignition Partners has added another $80M into its latest fund, the firm said this morning. Ignition said that the $80M is being added to its third fund, which originally closed in October. The firm said that a portion of those funds will be aimed at portfolio company mergers, acquisition, and other investments to increase scale. The new funds bring the total being managed by Ignition to over $1B. The firm pointed to recent acquisition by SeaMobile, Wireless Services, and Ice.com, three of its portfolio firms. More information »