Blue Ventures, a British nonprofit, sponsors eight trips a year to a remote fishing village on Madagascar's southwest coast.

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Blue Devil Ventures broke ground in a March 1999 ceremony attended by then-Sen.

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Others who stand to benefit from a purchase include Waze investors Kleiner Perkins, billionaire Li Ka Shing, Blue Run Ventures, Magma Venture Partners and Vertex Venture Capital.

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The two got serious about Durham real estate in 1995 when they created Blue Devil Ventures with Tom Niemann, a 1991 graduate of Duke's business school and the son-in-law of a long-time Duke trustee.

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Existing investors who joined the round: Blue Chip Venture Company, DFJ, Illinois Ventures, Matthew Pritzker Company, Mercury Fund and RPM Ventures.

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Then, early last week, Blue River Technology raised 3.1 million dollars in Series A funding led by Khosla Ventures.

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He cofounded the new firm with John Leach (also of Blue Martini as well as founder of Incite Retail) and Gene Davis ( worked at NASA, Blue Martini, ClioMusic, SeeSaw Networks, PeopleSoft and Red Pepper, all previous Zweben ventures, plus Fogbreak Software and Tealeaf technologies).

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