Harris & Harris Group
Encyclopedia
Harris & Harris Group is a publicly traded venture capital
firm exclusively focused on investing in companies enabled by nanotechnology
and microsystems. It has a market cap of $165.5 million. With over 30 nanotechnology companies in their portfolio, Harris & Harris Group, Inc., is one of the most active nanotechnology investors in the world. Two of its major investments are Solazyme
and D-Wave Systems
. As of December 31, 2010, 71% of its total assets are in its venture capital portfolio, with the rest in cash or cash equivalent securities
1992 they registered as an investment company under the 1940 Act, commencing operations as a closed-end, non-diversified investment company.
1995, they elected to become a Business Development Company
.
2001 they began to focus exclusively on investments in companies that made products enabled by nanotechnology
.
As of December 31, 2010, they have made a total of 90 venture capital investments. 58 of these 90 investments have been exited, realizing total gross proceeds of $144 million on a cumulative invested capital of $76 million.
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
firm exclusively focused on investing in companies enabled by nanotechnology
Nanotechnology
Nanotechnology is the study of manipulating matter on an atomic and molecular scale. Generally, nanotechnology deals with developing materials, devices, or other structures possessing at least one dimension sized from 1 to 100 nanometres...
and microsystems. It has a market cap of $165.5 million. With over 30 nanotechnology companies in their portfolio, Harris & Harris Group, Inc., is one of the most active nanotechnology investors in the world. Two of its major investments are Solazyme
Solazyme
Solazyme Inc. is a publicly held United States alternative energy company specializing in the production of algal fuel for use in ground and air transportation. Solazyme uses proprietary technology to transform a range of low-cost plant-based sugars into high-value oils...
and D-Wave Systems
D-Wave Systems
D-Wave Systems, Inc. is a quantum computing company, based in Burnaby, British Columbia. On May 11, 2011, D-Wave System announced D-Wave One, labeled "the world's first commercially available quantum computer," and also referred to it as an adiabatic quantum computer using quantum annealing to...
. As of December 31, 2010, 71% of its total assets are in its venture capital portfolio, with the rest in cash or cash equivalent securities
History
Harris & Harris Group was incorporated in 1981, and IPOed two years later.1992 they registered as an investment company under the 1940 Act, commencing operations as a closed-end, non-diversified investment company.
1995, they elected to become a Business Development Company
Business Development Company
A Business Development Company is a form of publicly traded private equity in the United States created by Congress in 1980 as amendments to the Investment Company Act of 1940...
.
2001 they began to focus exclusively on investments in companies that made products enabled by nanotechnology
Nanotechnology
Nanotechnology is the study of manipulating matter on an atomic and molecular scale. Generally, nanotechnology deals with developing materials, devices, or other structures possessing at least one dimension sized from 1 to 100 nanometres...
.
As of December 31, 2010, they have made a total of 90 venture capital investments. 58 of these 90 investments have been exited, realizing total gross proceeds of $144 million on a cumulative invested capital of $76 million.
External links
- Harris & Harris Group (company website)
- http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000893739&owner=exclude&count=40 (SEC Filings)