Tech Company Financing Transactions
Colubris Networks Funding Round
Colubris Networks, based in Waltham, secured $21 million in investment from GrandBanks Capital, Mid-Atlantic Venture Fund and Prism VentureWorks.
Transaction Overview
Company Name
Announced On
2/10/2005
Transaction Type
Venture Equity
Amount
$21,000,000
Round
Series D
Proceeds Purpose
The cash will fund its strategy of converting its enterprise-based hotspots into multiservice WLAN installations, and should sustain operations until Colubris hits free cash flow territory by year-end.
Company Information
Company Status
Acquired or Merged
Industry
Networking
Mailing Address
200 West St. 300
Waltham, MA 02451
USA
Waltham, MA 02451
USA
Phone
Website
Email Address
Overview
Colubris Networks manufactures and sells an award-winning WLAN product family to service providers and enterprises worldwide.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Menashe Ezra
Chief Executive Officer
Rob Scott
Chief Operating Officer
Peter Minihane
Chief Technical Officer
Pierre Trudeau
Vice President
Stéphane Laroche
VP - Engineering
Roger Sands
VP - Marketing
Tom Racca
VP - Operations
Kenneth MacLure
VP - Sales
Gary Mead
VP - Sales
Jerry Stabile
Browse more venture capital transactions:
Prev: 2/10/2005: Secure Software venture capital transaction
Next: 2/11/2005: DataPower venture capital transaction
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Where The Data Comes From
Our team works diligently to record funding rounds that are announced publicly. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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