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