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The company also announced $1.5 million in first-round funding from Wellington Partners and angel investors, and the appointment of a new CEO, Sanjeev Agrawal, an ex-head of product marketing from Google and more recently vice president of products at TellMe Networks (now part of Microsoft).

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Jobs at Xobni

“We consistently focus on partnering with our portfolio companies to find and develop the kind of talent that builds winning teams,” said Standish O’Grady, managing director at Granite Ventures. “We are employing the VentureCareers system as another resource for helping our portfolio companies identify the best and brightest candidates for their open positions.”

“Granite Ventures has built a solid reputation for identifying companies well positioned to succeed, and we are pleased to add them to our client roster,” said Jeremy McCarthy, CEO of VentureLoop. “The Granite portfolio of companies represents a nice cross section of early-stage technology companies in the software, services and communications sectors – interesting areas that create unique job opportunities.”

About Granite Ventures, LLC

Granite Ventures has been helping early-stage technology companies build solid foundations for success since 1992. Granite has managed over $1 billion in venture capital and has invested in more than 100 private companies. They partner with promising and successful entrepreneurs to create businesses that have a competitive edge, and help those businesses achieve category leadership. More information can be found at www.granitevc.com.

About VentureLoop

VentureLoop is the leading website dedicated to job postings for emerging venture-backed companies and startup companies. VentureLoop creates direct relationships with the world’s top venture capital firms to connect their portfolio companies with quality candidates. Candidates can search the VentureLoop website for thousands of jobs at startups and growth companies backed by top-tier venture capital firms. VentureLoop’s VentureCareers product is a hosted career page for venture capital firms, allowing portfolio companies to advertise job openings directly onto their venture capital firm’s public website. VentureLoop also publishes the weekly VentureLoop Emerging Growth Newsletter, which communicates valuable information about emerging growth company news, funding, and career advice. Find out more at www.ventureloop.com.

CONTACT:

For VentureLoop:

David Libby

dlibby@twopinspr.com

For Granite Ventures:

Theresa Maloney

theresa@cogentacom.com

Promotes Job Opportunities at Portfolio Companies

Boston, MA, August 19, 2008 – HLM Venture Partners, a Boston and San Francisco-based venture capital firm specializing in funding health care companies, announced today that it has launched VentureCareers on its website to promote professional job opportunities at its portfolio companies.

VentureCareers is a career site used by over twenty of the country’s leading venture firms to promote openings at their portfolio companies. The jobs posted through VentureCareers are aggregated at www.ventureloop.com, which currently has over 5,600 job postings at 726 venture-backed companies.

Through the VentureCareers site, portfolio company jobs are posted directly to a career page on HLM’s website to solicit candidates. The site was developed by VentureLoop, which has a number of products and services designed to connect growth companies, talent, entrepreneurs and resources.

According to VentureLoop co-founder Jeremy McCarthy, “Through our extensive network of relationships with venture capital firms, entrepreneurs and service providers, we develop a valuable pool of talent for clients and save them the time and expense of handling recruitment themselves. Many of the job postings found on VentureLoop cannot be found on any other job board.”

Vin Fabiani, a partner at HLM noted “One of the key ways we can help our portfolio companies grow successfully is to help recruit talent. By partnering with VentureLoop, we provide our portfolio companies with access to an additional pool of candidates at no additional cost.”

About VentureLoop

VentureLoop is the leading website dedicated to job postings for emerging venture-backed companies and startup companies. VentureLoop creates direct relationships with the world’s top venture capital firms to connect their portfolio companies with quality candidates. Candidates can search the VentureLoop website for thousands of jobs at startups and growth companies backed by top-tier venture capital firms. VentureLoop’s VentureCareers product is a hosted career page for venture capital firms, allowing portfolio companies to advertise job openings directly onto their venture capital firm’s public website. VentureLoop also publishes the weekly VentureLoop Emerging Growth Newsletter, which communicates valuable information about emerging growth company news, funding, and career advice. Find out more at www.ventureloop.com.

About HLM Venture Partners

HLM Venture Partners provides venture capital to emerging companies focused on health care information technology, health care services and medical technology. During the past 15 years, HLM has helped more than 60 privately-held health care companies turn innovative ideas into market-leading businesses. The company’s investment professionals have over 125 years of collective expertise in the health care industry, an accumulation of knowledge and experience that is invaluable to the leadership of its portfolio companies. For more information, visit: www.hlmventurepartners.com

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