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      Office Locations: 
                         
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4984 El Camino Real, Suite 230 
Los Altos, CA 94022 
Phone: 650-559-9355  
Fax: 650-559-9353 
 
 
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 Communications & Networking
Energy & Clean Tech
Information Technology
Life Sciences & Healthcare
Medical Device
Software & Internet
			
			 
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SDL Capital is an investment firm founded in February 2003 by Dr. Donald R. Scifres, formerly the founder, CEO and Chairman of SDL, Inc. Dr. Scifres partnered with Michael L. Foster, the former CFO at SDL, Inc., to create SDL Ventures and invest in technology start-ups. The strategy for SDL Ventures is to focus on early stage investments offering clear technical differentiation and strong founder teams. A majority of SDL Ventures' investments have involved optical technology and/or communications or medical solutions. Additional investments have been made in green tech and Internet-related companies. SDL Ventures' initial investment is typically in the $500 thousand to $2 million range, reserving approximately three times that amount for future rounds. Since its inception, SDL Ventures has been involved in over one hundred financings in some thirty companies. SDL Ventures has been the lead investor for over half of these companies. Through 2019, nine of these companies have been acquired or gone public and five have closed. The remaining companies continue to grow and develop.
			 
			 
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                                Investment Firm Key
                                 
                                 
                                   VC = Venture Capital 
                                   PE = Private Equity 
                                   A = Angel 
                                   I = Incubator 
                                   MB = Merchant Bank 
                                   VD = Venture Debt 
                                   FI = Family Investment Office 
                                   FOF = Fund of Funds 
                                   ED = Economic Development Office    
                                   TT = Technology Transfer Office 
                                   CVC = Corporate Venture Capital 
                                   SEC = Secondary Purchaser 
                                   HF = Hedge Fund/Mutual Fund 
                                    
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                                | COMPANY STAGE | REVENUE | 
                                 
                                
                                | Venture Capital |  | 
                                 
                                
                                Seed Stage (includes "pre-seed," or  concept stage) | No Revenue | 
                                 
                                
                                | Early Stage | Minimal Revenue | 
                                 
                                
                                Growth Stage (also called Mid-stage) | $2M-$7M | 
                                 
                                
                                Expansion Stage (also called Late-stage) | $7M and greater | 
                                 
                                
                                | Private Equity |  | 
                                 
                                
                                | Lower Middle Market | $10M-$249M | 
                                 
                                
                                | Middle Market | $250M-$499M | 
                                 
                                
                                | Upper Middle Market | $500M-$1B | 
                                 
                                
                                | Large Cap | >$1B | 
                                 
                                 
                                 
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