$10.1M for Akorri

Akorri Networks, a Littleton, MA, maker of IT infrastructure management software, has wrapped up a $10.1 million round of equity-based funding, according to an SEC filing. The round included 13 investors. In September, Akorri pulled in $5 million in an equity offering. Akorri’s website lists Matrix Partners, North Bridge Venture Partners, Globespan Capital Partners, BlueStream Ventures, and Montagu Newhall Associates as investors, but the company was not available for comment on the details of the latest funding.

Author: Erin Kutz

Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.