Tech Company Financing Transactions

Parallels Funding Round

Parallels, based in Bellevue, secured $1.5 million from Bessemer Venture Partners, Insight Venture Partners and Intel Capital.

Transaction Overview

Company Name
Parallels
Announced On
6/15/2005
Transaction Type
Venture Equity
Amount
$1,500,000
Round
Undisclosed
Investors

Bessemer Venture Partners (Jeremy Levine)

Insight Venture Partners (Michael Triplett)

Intel Capital (Steven Pawlowski)

Proceeds Purpose
Insight invests in entrepreneurial companies developing technology-based solutions for the corporate enterprise. Headquartered in New York, Insight has taken a global approach to e-commerce investing in a market where speed, domain expertise, and the ability to execute are the foundations of success.

Company Information

Company Status
Acquired or Merged
Industry
Software
Mailing Address
110 110th Ave. NE 410
Bellevue, WA 98004
USA
Phone
(425) 282-6400
Website
www.parallels.com
Email Address
[email protected]
Overview
Parallels (formerly SWsoft) is a worldwide leader in virtualization and automation software that optimizes computing for consumers, businesses, and service providers across all major hardware, operating system, and virtualization platforms.
Profile
Parallels LinkedIn Company Profile
Social Media
Parallels Company Twitter Account
Company News
Parallels News
Facebook
Parallels on Facebook
YouTube
Parallels on YouTube

Management Team

Title
Name
Email & Social
Chairman
Serguei Beloussov
  Serguei Beloussov LinkedIn Profile  Serguei Beloussov Twitter Account  Serguei Beloussov News  Serguei Beloussov on Facebook
Chief Executive Officer
Birger Steen
  Birger Steen LinkedIn Profile  Birger Steen Twitter Account  Birger Steen News  Birger Steen on Facebook
VP - General Counsel
Ken McGraw
  Ken McGraw LinkedIn Profile  Ken McGraw Twitter Account  Ken McGraw News  Ken McGraw on Facebook
VP - Human Resources
Michael Erisman
  Michael Erisman LinkedIn Profile  Michael Erisman Twitter Account  Michael Erisman News  Michael Erisman on Facebook

 

 

Browse more venture capital transactions:

Prev: 6/15/2005: BroadWare Technologies venture capital transaction
Next: 6/16/2005: AmpliMed venture capital transaction

 

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We record funding rounds that are announced publicly. VC investment data records reported here are derived from a variety of public sources. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 

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