Advertise Here

Office Hours

Boise’s Highway 12 Ventures to stop future investments

Boise-based venture capital firm Highway 12 Ventures announced it's not going to continue raising money.  Highway 12 was one of the few intermountain Western VC operations that could claim to be doing major investments.

A recent blog post said its partners will continue to manage the first two funds it created. It also said the firm would not shut down, The entry also noted family considerations by some founders played a role in the decision. 
Tom Simpson, Spokane-based manager of Win Partners and manager of Northwest Ventures Associates, said he has participated in several investments with the Highway 12 group.
“It reminds me of the old song 'Another one bites the dust,' ” Simpson said.

“The venture capital model is broken.   Moreover, access to capital for emerging companies has increasingly become clogged with regulatory roadblocks,” Simpson added, in an email.

Here is additional information found in a recent Wall Street Journal online story:

Highway 12, which is affiliated with Village Ventures, raised $100 million across two funds that closed in 2001 and 2007. It backed a couple dozen start-ups in a variety of industries, mostly in Idaho, Colorado and Utah. 


Its active portfolio includes medical patient-based social network Alliance Health Networks Inc., which raised $11 million last month; online advertising start-up Lijit Networks Inc., which secured $10 million in April; 4G router company CradlePoint Technology Inc., which raised $7.5 million in December; and robotic ball developer Orbotix Inc, which received $5 million in April.

Please keep it civil. Don't post comments that are obscene, defamatory, threatening, off-topic, an infringement of copyright or an invasion of privacy. Read our forum standards and community guidelines.

You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus
« Back to Office Hours

Get blog updates by email

About this blog

The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.

Sign up for our business email newsletter
Latest comments »

Read all the posts from recent conversations on Office Hours.


Alison Boggs (@alisonboggs) Online Producer Alison Boggs posts and manages content on and its social networking accounts.

Recent work by Alison

Scott Maben Scott Maben is a Deputy City Editor who covers North Idaho news and higher education.

Addy Hatch is the city editor, and formerly was business editor.

Search this blog
Subscribe to this blog
Advertise Here