Shelburne, Vermont, June 2, 2008&.FreshTracks Capital announced today that it has closed on $14,000,000 of subscribed capital for FreshTracks Capital II, L.P. (the Fund). The limited partners of this fund include a mix of individual investors, family offices and institutions including; Middlebury College, Vermont Public Radio, the Vermont Community Foundation and Merchants Bank. FreshTracks Capital II focuses on venture capital investments in emerging Vermont growth companies. The Fund also makes select investments beyond Vermonts borders.We have already completed four investments in exciting growth companies of our second fund, said Cairn Cross, Co-Founder and Managing Director of FreshTracks Capital, These companies include: NEHP, Inc. of Williston, VT, which manufactures and installs patented process piping solutions for the semi-conductor, bio-pharma and solar industries, ISIS of Burlington, VT, a womens outdoor active wear company, NativeEnergy of Charlotte, VT, a leading U.S. carbon offsets intermediary business, and SolarOne Solutions, Inc. of Framingham, MA, a manufacturer of proprietary photo-voltaic solar/LED lighting solutions for commercial and municipal applications.FreshTracks Capital also manages FreshTracks I, an $11,000,000 venture fund founded in 2001 with investments in 14 companies including EatingWell Media Group, Vermont Teddy Bear, M2S and Brighter Planet. We focus on investing in early stage opportunities, commented Lee Bouyea, Managing Director of the Fund, These are companies earning between $1MM and $5MM in trailing twelve month revenue. We target investing $1MM in each company over the life of that investment, and prefer working with other institutional co-investors to syndicate rounds larger than this size. This allows us to bring more capital to each portfolio company, as well as additional management and advisory expertise to the Board level. We are seeing excellent deal-flow right now, with a wealth of opportunities right here in Vermont, said Tim Davis, Managing Director of the Fund, There are some very innovative Vermont companies that fall right in our investment criteria sweet spot. The entrepreneurial ecosystem of Vermont is stronger than ever before, with a number of vital resources available to these young companies, including the Digital Bridges program at Middlebury College, the Vermont Center for Emerging Technology at UVM, the Vermont Venture Network, and Champlain Colleges Bring Your Own Business program. In addition, there are more early-stage capital resources available today for young Vermont companies than ever before from groups such as the North Country Angels, UVM Ventures, the Vermont Investors Forum and Peak Pitch.Vermont entrepreneurs seeking capital from FreshTracks are encouraged to submit an executive summary of their business plan. We like to work with entrepreneurs from very early on in a business formation. Even if a company is still pre-revenue, we prefer to meet the management team, review their business plan, provide advice, and track the companys progress over time, noted Bouyea. ISIS, NativeEnergy and NEHP, are all examples of businesses we tracked for many years before completing an investment. Many times we can help an entrepreneur refine their business model, introduce them to sources of seed capital and help distill their investment pitch, thereby increasing a business chance of success.About FreshTracks Capital:Founded in 2001, FreshTracks Capital (www.freshtrackscap.com(link is external)) is a venture capital firm based in Shelburne, VT with an $11MM first fund and a $14MM second fund under management. The Fund focuses its investments in private growth-oriented businesses, primarily companies in close geographic proximity to Vermont. FreshTracks has made investments in companies operating industries including software, media, carbon management, alternative energy, advanced materials, semiconductor & bio-pharma technologies and consumer products. FreshTracks is an affiliate fund in the Village Ventures national network of funds, which collectively have more than $500 million in capital under management, directed by some 35 venture professionals in 14 distinct funds. For further information contact: 802-923-1500 or [email protected](link sends e-mail).