Tech Company Financing Transactions

xkoto Funding Round

xkoto, based in Waltham, secured $7.5 million from GrandBanks Capital and Growthworks Capital.

Transaction Overview

Company Name
Announced On
Transaction Type
Venture Equity
Series B

GrandBanks Capital (Lead Investor) (Khalil Barsoum)

Growthworks Capital (Roger Chabra)

Proceeds Purpose
xkoto will use the new financing to increase its product portfolio to support multiple database and ISV platforms, expand its U.S. presence, further accelerate sales and establish strategic partnerships.

Company Information

Company Status
Acquired or Merged
Enterprise IT
Mailing Address
275 Wyman Street 130
Waltham, MA 02451
Email Address
Drawing on emerging ideas from utility, grid, and commodity computing, xkoto's concept of database load balancing arose out of efforts to help customers manage their web infrastructure.
xkoto LinkedIn Company Profile
Social Media
xkoto Company Twitter Account
Company News
xkoto News
xkoto on Facebook
xkoto on YouTube

Management Team

Email & Social
Chief Executive Officer
David Patrick
  David Patrick LinkedIn Profile  David Patrick Twitter Account  David Patrick News  David Patrick on Facebook
Chief Financial Officer
Dermot O'Grady
  Dermot O'Grady LinkedIn Profile  Dermot O'Grady Twitter Account  Dermot O'Grady News  Dermot O'Grady on Facebook
Chief Technical Officer
Ariff Kassam
  Ariff Kassam LinkedIn Profile  Ariff Kassam Twitter Account  Ariff Kassam News  Ariff Kassam on Facebook
Albert Lee
  Albert Lee LinkedIn Profile  Albert Lee Twitter Account  Albert Lee News  Albert Lee on Facebook
VP - Engineering
Jeff Heisz
  Jeff Heisz LinkedIn Profile  Jeff Heisz Twitter Account  Jeff Heisz News  Jeff Heisz on Facebook
VP - Marketing
Charlie Ungashick
  Charlie Ungashick LinkedIn Profile  Charlie Ungashick Twitter Account  Charlie Ungashick News  Charlie Ungashick on Facebook
VP - Sales
John Hamilton
  John Hamilton LinkedIn Profile  John Hamilton Twitter Account  John Hamilton News  John Hamilton on Facebook
VP - Sales
Roger Walker
  Roger Walker LinkedIn Profile  Roger Walker Twitter Account  Roger Walker News  Roger Walker on Facebook



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