Monday, January 25, 2010

Palomar Ventures Teams With Soros On Wireless Investment

Los Angeles-based Palomar Ventures is in a new funding with Soros Fund Management, in a deal worth $128.4M to Illinois wireless firm ExteNet Systems. According to ExteNet, Palomar, an existing investor in the firm, was part of a new round of equity financing led by SSP Offshore LLC, an affiliate of Soros Fund Management and SBA Communications Corporation, which also included Centennial Ventures, Columbia Capital, Sevin Rosen Funds, and CenterPoint Ventures. Palomar is represented on ExteNet's board by Kevin Jacques. ExteNet designs, builds and operates distributed wireless networks.

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