Shell Spinoff Kalido Raises $10 Million

11/21/07

Kalido, a data warehousing and management software company based in Burlington, MA, has raised $10 million in Series D funding, according to a regulatory filing cited by PE Week. The company, which has reportedly garnered $29 million in venture funding to date, spun out of Royal Dutch/Shell Group in 2003. Return backers, all of which have seats on Kalido’s board, include Atlas Venture, Balderton Capital, and Matrix Partners, PE Week reports.

Bob is Xconomy's founder and editor in chief. You can e-mail him at bbuderi@xconomy.com, call him at 617.500.5926. Follow @

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