Carbonite Stores Up $20M More

1/7/10

[Updated 5:00 p.m. 1/7/10 with information about the investors in the round] Boston-based Carbonite, which shares the market for online PC backup services with EMC’s Mozy, has raised an additional $20 million round of funding, according to a regulatory filing today. New investor Crosslink Capital of San Francisco led the round, and all of the company’s prior investors also participated, says David Friend, Carbonite’s founder and CEO. “This is a mezzanine round which we anticipate will accelerate our growth going into an IPO a year or so out,” Friend tells Xconomy. The company has previously raised about $47 million, including, most recently, a $20 million Series C round in September 2008 that included Menlo Ventures, 3i Group, Performance Equity, and CommonAngels.

Wade Roush is Chief Correspondent and Editor At Large at Xconomy. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @

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