OVP Leads $12M Investment in RedSeal

Gregory T. Huang10/21/09

Kirkland, WA-based OVP Venture Partners has led a $12 million investment in San Mateo, CA-based RedSeal Systems, a security software firm. OVP managing director Mark Ashida has joined the company’s board. Existing investors Venrock, Jafco Ventures, Sutter Hill Ventures, and Leapfrog Ventures also participated in the deal, which brings RedSeal’s total funding to more than $43 million.

Gregory T. Huang is Xconomy's National IT Editor and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com, call him at 617-252-7323, or follow him on Twitter at @gthuang.