PRINT THIS PAGE US Appian Ventures closes debut fund at $80m
17/06/2004. Source: AltAssets. 
 US Appian Ventures has closed its debut fund with $80m of commitments. The firm will invest in software and technology companies in the Western US that enable the application and management of network connectivity to improve business performance.
Investors in the fund include Quest Capital, Wells Fargo, Key Bank and Silicon Valley Bank. The firm has already invested $5m of the fund in five companies, including Roving Planet, Cadre Technologies, Oxlo Systems and LeftHand Networks.
'While enormous amounts were invested in the 90's to establish enterprise connectivity and network infrastructure,' said Mark Soane, managing director of Appian, 'there is now a critical demand for applied connectivity software and technology to help enterprises manage and exploit those network assets and enterprise data in a way that directly and significantly improves efficiency and enhances revenue.'
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