Cascadia Capital Guides Roving Planet to One of the Top 10 Information Technology Financings in Colorado for 2003

Challenge

Roving Planet, a leader in WLAN management control and integration software, engaged Cascadia Capital in mid-2003 to assist the company in raising its first round of institutional capital. Funds would be used to expand their customer base and further enhance their comprehensive WLAN management platform. The company wanted to draw a large, tier-one venture fund from the East or West Coast into the round to complement the local investor group. Roving Planet chose Cascadia Capital for its domain expertise, disciplined approach to the fundraising process, and because of its impressive track record in wireless software.

Solution

Cascadia Capital leveraged its experience and relationships in the wireless industry to position Roving Planet in the well-funded and highly-competitive 802.11 sector of the wireless market. Cascadia Capital's process, discipline, and strong relationships gave Roving Planet access to top-tier investors with deep wireless domain expertise-from both coasts.

Results

Cascadia Capital was able to bring multiple term sheets to Roving Planet within a four-month period. This financing was one of the largest in Colorado in 2003, bringing both Draper Fisher Jurvetson and Cardinal Ventures, two well-respected Silicon Valley venture funds, into the region.