Xconomy Boston

Nexaweb Technologies Garners $10,000,000 Series B Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=34a41087-b6e5-465a-875f-4638f65e6315&Preview=1
Date
9/25/2006
Company Name
Nexaweb Technologies
Mailing Address
One Van de Graaff Drive Burlington, MA 01803
Company Description
Nexaweb provides the leading software platform for building and deploying Enterprise Internet Applications.
Website
http://www.nexaweb.com/
Transaction Type
Venture Equity
Transaction Amount
$10,000,000
Transaction Round
Series B
Proceeds Purposes
This latest capital investment supports Nexaweb’s accelerated growth in the Enterprise Web 2.0 and Rich Internet Application (RIA) markets and further strengthens its financial position, adding to its steady sales revenue stream.
M&A Terms
Venture Investor
Egan-Managed Capital
Venture Investor
Masthead Venture Partners
Venture Investor
Velocity Equity Partners