Monday, September 29, 2003

Internet

Gomez gets $6M in third funding round

Waltham-based Gomez Inc., an Internet performance measurement and analysis company, has received $6.1 million in series C funding which it says it will use to accelerate product development and support channel distribution initiatives as well as ongoing international expansion plans.

All current investors participated in the financing round, which was led by new investor AdAstra, a Munich-based independent venture capital firm affiliated with HypoVereinsbank, Germany's second largest bank.

Gomez has raised approximately $15 million in venture financing to date.

Along with the funding, Marc Breitfeld, AdAstra's investment director, joins Gomez's board of directors.

"This cash infusion, raised at a premium to previous rounds, validates our strategy and precise execution," said Alex Stein, Gomez chief executive and president, in a statement. "Given the investment community's strong interest in Gomez, the company was highly selective in choosing the lead investor. AdAstra, with its experience, international focus and talented organization, became an ideal financial partner."

In addition to AdAstra, Gomez's financial backers include: Deutsche Bank; Dolphin Equity Partners L.P.; Doughty Hanson & Co Technology Ventures; and Harbinger/Aurora Ventures.