Point Judith Capital

Nabsys Expands Leadership Team to Prepare for Commercialization of Novel DNA Positional Sequencing Technology

JohnMurphy — Thu, 05 Jan 2012 17:47:07 +0000

Point Judith portfolio company Nabsys, Inc. has initiated its transition from technology development to product commercialization by announcing the appointment of Stand Rose, Ph.D., as the company’s first chief commercial officer. Nabsys is also announcing that Jeffrey Sklar, M.D., Ph.D., has agreed to join the company’s scientific advisory board.

Yandex Completes the Largest Internet IPO in 2011

JohnMurphy — Tue, 03 Jan 2012 13:52:55 +0000

Yandex, the leading Internet search company in Russia, priced its IPO in May of 2011 raising $1.3 billion. The company now trades on NASDAQ under the symbol YNDX. The IPO was the largest Internet IPO completed in 2011 and was the largest Internet IPO since Google. In 2011 the IPOs of Nexon, Renren, Zynga, Groupon, and LinkedIn came in at 2nd-6th, respectively. The Yandex IPO was the 4th largest IPO overall during the year with HCA, Kinder Morgan and Nielsen taking the top three overall slots.

Antenna Software Wins Red Herring Global 100 Award

JohnMurphy — Wed, 21 Dec 2011 15:45:17 +0000

Point Judith portfolio company Antenna Software, Inc. announced it has been named to Red Herring's Global 100 list, which recognizes the top leading private technology companies in North America, Europe, and Asia. Antenna was chosen from more than a thousand companies around the globe for its strong product innovation and proven role as a trusted mobile advisor to top enterprises around the world.

Retroficiency lands $3.3M, buys meter data smarts from Nexamp

JohnMurphy — Wed, 30 Nov 2011 14:49:47 +0000

Boston-based startup Retroficiency announced a $3.3 million Series A round from Point Judith Capital, along with the acquisition of the Clean Energy Solutions (CES) division of Nexamp. The Massachusetts-based renewable energy developer created CES to provide energy efficiency analytics for its green power customers, and the same software tools bring a useful new set of tools to Retroficiency's efficiency auditing plans.

Retroficiency

JohnMurphy — Wed, 30 Nov 2011 14:28:41 +0000

Boston, MA

Retroficiency offers the market leading energy efficiency identification and qualification (EIQ) platform that enables utilities, energy service companies (ESCOs), facility management firms, large commercial property owners and related professionals to systematically evaluate thousands of commercial building energy efficiency measures in minutes. Retroficiency delivers a complete solution addressing the needs of building engineers, facility managers, and financial decision makers.

www.retroficiency.com

Apptegic

JohnMurphy — Tue, 22 Nov 2011 15:53:14 +0000

Waltham, MA

Apptegic has developed an advanced data analytics software that gives companies detailed, real time insight into how their customers use their products. Apptegic is able to measure customer engagement and identify opportunities for customer retention and upselling, while at the same time giving business insight into what applications are the most effective so that they can develop products that are better suited to their customer needs.

www.apptegic.com

Nexamp teams with Cathartes Private Investments to open Westford Solar Park

JohnMurphy — Wed, 16 Nov 2011 19:01:59 +0000

Point Judith portfolio company Nexamp has teamed with Cathartes Private Investments, one of Boston's leading private development companies, to open a 4.5 megawatt solar panel field in Westford, MA.

The Top of the Public Internet Pyramid

Sean — Thu, 27 Oct 2011 13:26:35 +0000

There is a very interesting article on Venturebeat by Glenn Solomon with a great graphic produced by Cowen and Company that separates public Internet companies by growth and profitability (see below).

Essentially it shows that there are very few companies growing revenue at over 30% per year that also have greater than 30% EBITDA margins and the 6 companies that fit in this category are all outside the US (Russia, China and Latin America). One of these companies, Yandex, was a company we invested in 11 years ago when the company raised its Series A round. Today it is the largest search engine in Russia and completed its IPO in June at an $8 billion valuation.

My partners’ investment thesis when this investment was made in 2000 was very straightforward: the Russian Internet market then looked like the US Internet market in 1993. It had 2% Internet penetration and this access rate was growing at 100% per year. There were no leaders in search, ecommerce or anything else; remember, it was like the US in 1993 (ie: Netscape had not even gone public). We all know what happened in the US from 1993 to 2000: Netscape, Yahoo, ebay, Amazon, the rise of Google, and so on.

So, my partners sought out Yandex, Ozon (leading ecommerce site) and others and backed great entrepreneurs in Series A investments based on what they thought would be massive market expansion that would emulate what had occurred in the US from 1993 to 2000 (in 2000 the US had grown to 44% Internet penetration). The results have been fantastic.

Glenn is very thoughtful in discussing the opportunity to invest outside the US in burgeoning Internet markets where the growth rates dwarf the US and the overall market opportunity in terms of end users is far greater. He sites China as a huge opportunity, which I agree with, but I would also include India in this opportunity set as well. I wrote a blog post recently analyzing the opportunity for US Internet companies to go global early in their development and India is a market where we think there is also great market dynamics. India has over 1.3 billion people, its Internet penetration looks like the US in 1995 and this rate is growing at nearly 20%.

Fundamentally, when you have a nascent market that has the potential for very rapid growth, the cost of customer acquisition will be much lower and the opportunity to establish leadership is much greater. The next ten years of Internet growth and value creation throughout the world will certainly be extraordinary, a technology wave of proportions that we literally have never seen before.

FSAStore.com Launches Prescription Services; Partners with WageWorks

JohnMurphy — Fri, 21 Oct 2011 14:44:29 +0000

FSAStore.com today announced a partnership with WageWorks to deliver FSA products and services to the third party administrator's approximate 1.8M participants.

As part of the agreement, FSAStore.com today launched a point of purchase prescription service. The flexible spending account site will now obtain, accept and process prescriptions for OTC medicines.

Power Assure secures $13.5 million funding round

JohnMurphy — Wed, 28 Sep 2011 16:55:11 +0000

Power Assure announced that it has closed a new round of funding, securing $13.5 million in Series B financing. Strategic partner ABB led the round while existing investors Draper Fisher Jurvetson, Good Energies, and Point Judith Capital all participated.