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Dolby Family Launches Venture Capital Fund Honoring Ray Dolby Legacy

SAN FRANCISCO, CA -- (Marketwired) -- 06/16/14 -- The Dolby family today launched Dolby Family Ventures. The early stage venture capital fund adds to the Dolby family's existing technology venture portfolio, and formalizes the Dolby family's ongoing, multi-generational commitment to Ray Dolby's legacy of discovering and supporting visionary entrepreneurs.

Dolby Family Ventures is jointly managed by David Dolby, son of Ray Dolby, and veteran venture capitalist Pascal Levensohn. Based in San Francisco, Dolby Family Ventures funds international seed and Series A investments in four sectors: Digital Media, Cloud Services, Security, and HealthCare Technology and Services. Dolby Family Ventures anticipates making four to seven investments per year, with capital at risk of approximately $3 million per company. The fund is not affiliated with Dolby Laboratories, Inc.

"Our family is committed to honoring my father's legacy by investing in the development of exceptional technologies that have the potential to generate significant social impact," said David Dolby, Managing Director, Dolby Family Ventures. "Our direct investment approach focuses on highly defensible intellectual property, and our long time horizon provides ongoing support for entrepreneurs to build great companies."

"We're committed to partnering with our portfolio companies and actively collaborating with entrepreneurs to implement best practices in operational finance, strategy, and board development processes," added Pascal Levensohn, Managing Director, Dolby Family Ventures.

Dolby Family Ventures' existing portfolio includes: health tracker technology, Basis Science, recently acquired by Intel; direct-to-fan video marketing and commerce platform, LittleCast; audio networking company, Beep; anti-counterfeiting security software developer, Authentic Vision; and several biotech companies focused on diagnostics and therapeutics for Alzheimer's disease. Other recent investments include medical diagnostics company, Cytovale, and virtual reality software company, AltSpaceVR.

"The team at Dolby Family Ventures has been instrumental to our seed fund raising round, generating engaged interest from new investors, and helping set valuable and reasonable expectations for the team and our growth plan," said Eric Romo, CEO, AltSpaceVR.

For more information about Dolby Family Ventures, visit: http://www.dolbyventures.com.

About Dolby Family Ventures
Dolby Family Ventures is an early stage venture firm focused on building great technology companies. We partner with best-in-class innovators and strong investment syndicate partners at the seed stage of a company's development. The fund honors the legacy of Ray Dolby and his commitment to engineers and their vision to solve the world's toughest problems. Dolby Family Ventures formalizes the Dolby family's ongoing, multi-generational commitment to discovering and supporting visionary entrepreneurs. We partner with our portfolio companies to implement best practices in operational finance, strategy and board development processes, ensuring the development of strong companies. Visit us here to learn more.

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