has joined OVP Venture Partners as a venture partner to focus on opportunities in digital biology and the convergence of IT, nanotech and biotech. He currently is president and CEO of Accelerator, a Seattle-based joint venture vehicle for a syndicate of venture firms, including OVP. The firm, which invests in early stage life sciences and IT companies, recently held a second close on its latest fund, expanding it to $214.5 million.
Accel hires Wong
has named Rich Wong a partner of the Palo Alto, Calif.-based firm. Wong is a former senior vice president and general manager of Openwave Systems, a developer of mobile software. At accel, Wong will focus on investments in the mobile and convergence software categories.
When asked if Wong’s hiring was to fill a partnership vacancy created by last year’s defection of Peter Fenton to Benchmark Capital, Accel’s Peter Wagner said that it was not. “Rich just happened to be available now,” Wagner said. “Had he been available earlier, we would have hired him then.” Since last year, Accel has promoted Kevin Efrusy and Ping Li to general partners and it hired Richard Yanowitch as a venture partner.
Bloch builds up to venture partner at Canaan
Canaan Partners has promoted Stephen Bloch to venture partner. He joined the firm in June 2002 as a Ewing Marion Kauffman Fellow, and he currently serves on the boards of such Canaan portfolio companies as Advanced Biohealing, Amicus Therapeutics, Marinus Pharmaceuticals, OmniSonics Medical Technologies and Viacor. Before he joined Canaan, Bloch was a medical entrepreneur and practicing physician. He also was founder and CEO of Radiology Management Sciences, a provider of diagnostic imaging services for health plans and provider networks.
Trident promotes Simoudis
has promoted Evangelos Simoudis to managing director. He is a former Apax Partners pro who joined Trident in 2005 as a venture partner. He focuses on investments in software and Internet businesses. Trident also promoted Arneek Multani to principal and Michael Biggee to vice president.
FTVentures promotes two
and Chris Winship were promoted to partner at the San Francisco office of FTVentures, a private equity firm that provides growth capital to companies in the financial services industry. Byunn, who joined FTVentures in 2002, focuses on the software sector, and serves on the boards of Cloudmark, Coremetrics and Intrepid Learning Solutions, among others. Winship, who joined in 1999, focuses on the business services space, and sits on the boards of Capital H Group, CapitalStream, Freeborders and MedSynergies.
Parker heads to Frontiers
has joined London-based private equity firm Frontiers Capital as a director. He previously was with Boston Consulting Group, where he focused on the tech/telecom sector, and also worked with private equity clients.
Abraham joins C.E. Unterberg
George Abraham has joined C.E. Unterberg, Towbin as a managing director, to focus on developing relationships with VC funds and their portfolio companies. He co-founded SAS Investors in 2000.