ClearAccess Closes $6 Million Investment to Expand Product Development, Sales, and Marketing

VANCOUVER, Wash.--(BUSINESS WIRE)--ClearAccess, a leading provider of broadband device management and advanced data services, today announced that the company closed its Series B financing. The Series B financing was co-led by Blade Ventures and Buerk Dale Victor with full participation from the Series A lead, DFJ Frontier. The investment totaled just over $6M and was oversubscribed.

ClearAccess’ ClearVision Management System enables service providers to remotely manage residential and small business gateways using the Broadband Forum’s TR-069 protocol, enabling active management of the home and office network through a web browser. Service providers use ClearVision to deliver advanced data services such as managed WiFi, content filtering, and Internet time blocking. Benefits include new service revenues, increased subscriber loyalty, reduced truck rolls, and shorter support calls. The TR-069 protocol is extensible to manage any IP-aware device in the home or office network.

“ClearAccess is positioned to become a market leader for managed broadband services,” said Craig Gunther, managing partner at Blade Ventures. “We continue to be excited about working with the ClearAccess team.”

“ClearAccess is addressing the key problem of minimizing operational expense for service providers rolling out broadband services,” said Andy Dale, managing director at Buerk Dale Victor. “We are pleased to participate in this round of financing to facilitate the company’s growth in managed services for service providers.”

“Service providers have decided they need to ‘Own the Home,’” said Jim Schraith of DFJ Frontier. “This investment in ClearAccess will ensure that the company can help them meet this challenge by leveraging ClearAccess’ standards-based ClearVision solution.”

According to Ken Hood, CEO of ClearAccess, the new investment will be used to expand sales and marketing initiatives and to accelerate new product enhancements in pace with customer demand. “Our next step is to grow our service provider base from more than 40 to over 100,” he added.

About ClearAccess

ClearAccess offers service providers new possibilities in broadband deployments including the ability to manage TR-069 compliant gateways and other home or office networking devices, zero-touch gateway deployments with Connect and Surf®, and delivery of Advanced Data Services over a variety of network types including DSL, FTTH, cable, and wireless. For more information, visit the ClearAccess website at www.clearaccess.com.

About Blade Ventures

Blade Ventures’ focus is on companies that drive the adoption of leading edge information, media, sensor and related systems technologies. Through select partners we will also invest in life science opportunities such as medical devices, diagnostics, and operations-enhancing information technology. Our portfolio companies are capable of playing a disruptive role in emerging, high growth markets, and they are led by talented management teams that have a long term commitment to the success of their company. Blade Partners is located in South Orange County; we will consider investment opportunities from all regions of the United States. For more information, visit the Blade Ventures website at www.bladeventures.com.

About Buerk Dale Victor

Buerk Dale Victor LLC (BDV) is a leading growth equity firm partnering with rapidly growing private companies across the Western United States. BDV invests across multiple sectors including business and consumer products and services, health and wellness, retail, growth technology and financial services. With over 200 combined years of investment and operational expertise, the BDV team is uniquely positioned to help build successful, enduring enterprises. For more information, visit the BDV website at www.bdvllc.com.

About DFJ Frontier

With offices in Sacramento and Santa Barbara, DFJ Frontier invests in seed and early stage technology on the West Coast. We are part of the DFJ Network, the most active venture capital organization on the planet. With offices in over 30 cities around the globe, our network has over $5 billion under management to fund extraordinary entrepreneurs.

DFJ Frontier backs passionate entrepreneurs and provides business assistance, not just capital. We typically lead the first round of investment, taking a significant stake in the company and an active role on the Board of Directors. We continue to invest in subsequent rounds and help arrange financing from other institutional investors, supporting our companies as they move towards self-sufficiency and liquidity. For more information, visit the DFJ Frontier website at www.dfjfrontier.com.