Wayne D. Kimmel, Managing Director, Eastern Technology Fund

Wayne D. Kimmel is a Managing Director of Eastern Technology Fund, a venture fund that invests in technology and healthcare companies. Eastern Technology Fund and its affiliated funds—NewSpring Ventures and Merion Investment Partners—manage over $250 million. Its portfolio includes: NutriSystem: 2005's No. 1 performing stock in the United States; SeamlessWeb Professional Solutions: No. 1 ranking among Internet-based services companies in the 2005 Deloitte Technology Fast 500; and Take Care Health Systems, which recently raised $77 million, the largest capital raised in health care services in two years and the largest of its kind in retail healthcare. Wayne is on the board of directors and the Investment Committee of NewSpring Ventures, a $135 million fund and is also Managing Director of ETF Partners-OPG, a joint venture between ETF Partners and O'Neill Properties Group. Wayne serves on several boards of the Eastern Technology Fund's portfolio companies and he frequently lectures on technology, management, and venture capital at various universities, corporations and seminars. Wayne was the 2003 Co-Chairman of Early Stage East, the Mid-Atlantic region's premier Early Stage venture showcase. He is also an active member of the Greater Philadelphia Venture Group and its Education Outreach Committee, and serves on several committees for the Mid-Atlantic Venture Conference. Furthermore, he was a Commissioner on former Philadelphia Mayor Edward Rendell's E-Commerce Commission, a task force designed to measure and promote electronic commerce in the Greater Philadelphia region. Kimmel is also an attorney and he practiced law with the law firm of Kimmel, Carter, Roman & Peltz, P.A. Wayne received his undergraduate degree from the University of Maryland at College Park, and his law degree from the Widener University School of Law.