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Company type | Private |
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Industry | Private equity |
Founded | 1992 |
Headquarters | San Francisco, California, United States |
Products | Venture capital |
Total assets | US$1,000,000,000 |
Number of employees | 20+ |
Website | granitevc |
Granite Ventures is a venture capital firm with offices in San Francisco, California. Granite's predecessor H&Q Venture Associates, founded in 1992, was the venture capital investment arm of Hambrecht & Quist, a leading technology oriented investment bank. Granite completed a spinout from H&Q when the bank was sold to Chase Manhattan Bank in 1999.[1]
Since its founding, Granite has raised over $1 billion in investor commitments and has invested in more than 90 companies. In 2005, the firm raised Granite Ventures II, its second fund since completing its spinout in 2000, with $350 million of investor commitments.[2]
Granite's investment professionals include: Chris Hollenbeck, Chris McKay, Standish O'Grady and Eric Zimits.[citation needed]