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Article: Vertical Networks Secures $30 Million in Fifth Round of Investments, Bringing the Total Amount Raised to $55 Million.
- Article from:
- Business Wire
- Article date:
- May 25, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SUNNYVALE, Calif.--(BUSINESS WIRE)--May 25, 1999--
Vertical Networks announced today that it has received $30 million through a fifth round of financing, bringing the total amount raised since the company was founded in June 1996 to more than $55 million. Palo Alto-based, expansion-stage investor Technology Crossover Ventures (TCV) leads the all-star investment team. Existing investors participating in this round include Kleiner Perkins Caufield & Byers, Accel Partners, and Integral Capital Partners. New investors include Charter Growth Capital and Van Wagoner Capital Management.
"We have been tracking the tremendous growth opportunity for the converged ...