Key Venture Partners Promotes Vaibhav Nalwaya to Vice President

Later-stage venture capital firm Key Venture Partners (KVP) has promoted Vaibhav Nalwaya to the position of vice president. Nalwaya will focus on deal flow in wireless and mobile communications.

Waltham, MA (PRWEB) July 6, 2006 –- Later-stage venture capital firm Key Venture Partners (KVP) has promoted Vaibhav Nalwaya to the position of vice president. In this role, Mr. Nalwaya will focus on deal flow in wireless and mobile communications and provide senior guidance and support to KVP portfolio companies as the firm continues to invest its second fund.

“KVP’s collaborative and active investment style, combined with our investment and domain expertise, enables us to contribute to the success of our later-stage portfolio companies, both pre- and post-close,” said David Dame, Managing Director of Key Venture Partners. “As a senior associate, Vaibhav has been instrumental in guiding our portfolio companies through the challenges organizations face as they scale and transition from milestones to financial measures of success. His promotion reflects the contribution he has made to date, as well as the key role he will play in the management of our existing and future funds.”

Currently a board member of GT3, Mr. Nalwaya serves as a board observer for airBand, Axentis and WHITTMANHART, and is actively involved with KVP portfolio companies airwide solutions and Nexxar. A committed member of Boston’s entrepreneurial community, he is a Charter Member of the Boston chapter of TiE (Talent, Ideas, Enterprise) and a mentor for Springboard Enterprise, a national non-profit organization accelerating women's access to the equity markets. Mr. Nalwaya recently served as a judge at the Northeast Regional Venture Capital Investment Competition and the TiE Young Entrepreneur’s Business Plan Competition.

Vaibhav Nalwaya joined Key Venture Partners in 2000 from Deloitte, where he worked with multinational clients on a variety of information technology engagements. At Deloitte, he performed in technical and operational roles in multiple areas including IT strategy, process re-engineering and optimization, technology infrastructure, and software development and implementation. Prior to joining Deloitte, be conducted research on enhanced oil recovery techniques at the University of Michigan. Mr. Nalwaya earned an MS in engineering from the University of Michigan and a BS in engineering from the Indian Institute of Technology (IIT).

Nalwaya’s promotion marks KVP’s second recent expansion of its investment team and underscores KVP’s growth and momentum; serial entrepreneur Vinit Nijhawan joined KVP as venture partner in late 2005.

About Key Venture Partners
Key Venture Partners is a Boston-based venture capital firm leading investments of $5 -10M in revenue generating software, communications, and IT-enabled services companies. Key Venture Partners builds portfolio company value using an active, collaborative approach while applying its expansion stage experience gained over multiple economic cycles.

Editor’s Note: Photos available. Please email vicki @ boldbrook.com or leslie @ boldbrook.com

# # #