SOURCE: RWI Ventures

August 24, 2006 15:52 ET

RWI Ventures Appoints Alexis Lakes as Chief Financial Officer

MENLO PARK, CA -- (MARKET WIRE) -- August 24, 2006 -- RWI Ventures, a Menlo Park venture capital firm focusing on investments in information technology and life sciences companies, has appointed Alexis T. Lakes as Chief Financial Officer. Ms. Lakes has spent the past 17 years as a financial professional in the venture capital industry, most recently as CFO at CMEA Ventures, a San Francisco-based venture capital firm. Prior to CMEA, Alexis was CFO at Gabriel Venture Partners, a Redwood Shores venture capital firm. Alexis started her venture capital career at ONSET Ventures where she managed finance, handled fund administration and worked directly with several portfolio companies at the incubation phase -- many of which later completed successful IPOs. Alexis serves on the West Coast Board of Directors of the Private Equity CFO Association and is a Co-Founder and Board Member Emeritus of the VCBC, a non-profit association of finance professionals in venture capital firms. Ms. Lakes holds a BS from the University of San Francisco and an MBA from the Anderson School at UCLA.

Donald A. Lucas, Founding Managing Director of RWI Ventures, said, "Alexis brings to RWI a rich experiential base in venture capital finance and back office operations as well as acumen with respect to management and infrastructure issues facing our portfolio companies. She is a welcome addition to our investment team as we move towards the next phase in the firm's growth."

RWI Ventures invests in technology and life sciences companies, with a focus and successful track record in the networking, fabless semiconductor, software and medical device sectors. The firm has made investments in DexCom (DXCM), PDF Solutions (PDFS), Vimicro (VIMC), Infinera, and Khimetrics (acquired by SAP), among others.

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