SOURCE: Trident Capital

Trident Capital

February 06, 2012 11:00 ET

Trident Capital Promotes Matthew Chagan to Principal

PALO ALTO, CA--(Marketwire - Feb 6, 2012) - Trident Capital, a leading venture capital firm focusing on Software, Internet, and Business Services companies, today announced that Matthew Chagan has been promoted to Principal of the firm. Chagan, who joined Trident in 2007, was previously a Vice President of Trident. He will continue to focus on investments primarily in the Internet and Mobile sectors.

"Matt has been an increasingly valuable member of our investment team," said John Moragne, a Trident co-founder and Sr. Managing Director. "This promotion is in recognition of the deal sourcing, investment judgment and company building skills that Matt has demonstrated."

Before joining Trident, Chagan was a Vice President in the Private Capital Group at SVB Alliant, Silicon Valley Bank's investment banking arm, where he worked on a number of transactions in the software, communications and internet sectors. Before that, he was the Director of Finance at SOMA Networks, a WiMAX systems company focused on selling hardware, software and services to telecom carriers. Before SOMA, Matthew worked as an Associate in Banc of America Securities' Technology Investment Banking Group. Matt holds a B.A. in Economics and Political Science from Colgate University where he graduated cum laude.

About Trident Capital

Trident Capital is a leading venture capital firm committed to empowering entrepreneurs to build innovative and industry leading businesses. Trident invests across multiple stages, from early startup to growth equity, in the Software, Internet and Business Services sectors. Trident is particularly recognized for its expertise and investments in Cloud Computing, IT Security, Health Care IT, AdTech and Outsourcing. Trident has helped build large numbers of successful companies within its areas of focus by applying substantial investment experience, sector expertise and operating skills as well as broad networks of entrepreneurs and industry executives. Trident has more than $1.9 billion of capital under management, including its most recent fund, Trident Capital Fund VII, and has invested in more than 170 companies since firm inception in 1993. The firm is headquartered in Palo Alto, California. www.tridentcap.com.

Contact Information

  • Editorial Contact:
    Lisa Sheeran
    Sheeran/Jager Communication for Trident Capital
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    Ph: 510-724-2267