James Pallotta's Raptor Ventures Makes First VC Investment

JAMES PALLOTTA'S RAPTOR VENTURES MAKES FIRST VC INVESTMENT

 

BOSTON – October 12, 2011 – New Boston-based venture capital fund Raptor Ventures has announced its first investment, into a Florida-based company that places advertising at airport security checkpoints.

The size of the round for SecurityPoint Media, which provides trays and carts to the checkpoints that feature display advertisements, was not disclosed. The company is operating at 30 U.S. airports, according to the funding announcement.

The Business Journal reported in September that Raptor Ventures had launched inside Boston hedge fund Raptor Capital Management, targeting a $75 million fund raise. Raptor Capital was founded by James Pallotta, a minority owner of the Boston Celtics and a former money manager at Tudor Investment Corp.

Boston-based RaptorAccelerator, an advisory services subsidiary of Raptor, is also involved with SecurityPoint following the investment, according to the announcement.

Along with Boston, Raptor Ventures also has an office in New York City, and is specializing in early-stage digital media and consumer-facing Internet investments — “particularly where there is an intersection between traditional and digital businesses,” the announcement says.

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