Axcient Garners $6,000,000 Series A Financing Round
-
Feed Type
-
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=15f99e5d-98e9-4c00-90ae-a9d9b7e79b2a&Preview=1 -
Date
5/20/2009 -
Company Name
Axcient -
Mailing Address
2761 Marine Way Mountain View, CA 94043 -
Company Description
Axcient offers the first plug-and-play data protection service to make business continuity and online backup simple for small and medium sized businesses (SMB). Axcient incorporates an onsite data backup and replication management appliance with offsite cloud-based storage and services, delivering a secure and cost-effective way to ensure uptime and data recovery. -
Website
http://www.axcient.com -
Transaction Type
Venture Equity -
Transaction Amount
$6,000,000 -
Transaction Round
Series A -
Proceeds Purposes
The funding will be used to further enhance Axcient’s technology platform, grow operations, increase sales and marketing initiatives, and better serve Axcient’s expanding customer base. -
M&A Terms
-
Venture Investor
Thomvest Ventures -
Venture Investor
Allegis Capital -
Venture Investor
Peninsula Equity Partners
