AutoVirt Adds Another $5M
Wade Roush11/25/09
AutoVirt just keeps adding to its Series A round. In January 2008, the Nashua, NH-based data migration startup announced it had raised $4 million from Kepha Partners and Sigma Partners. In November 2008, the same funders pitched in $4 million more. And according to regulatory documents filed this month, it has now raised another $5 million from Kepha and Sigma, bringing its total funding to $13.5 million. Founder and chief technology officer Klavs Landberg tells Dow Jones VentureWire that the company has more than 800 customers for its storage migration software and hopes to reach profitability within its current capital structure, but that it might go back for more funding next year.
Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.
