Thursday, November 20, 2008

HarbourVest leads $22M round for secure web firm

By Mass High Tech Staff

Boston-based HarbourVest Partners LLC has returned as lead investor in a $22 million fifth-round funding for Finjan Inc., a San Jose, Calif.-based provider of secure enterprise web gateways.

The round, which brings Finjan’s total capital invested to $67 million, also included new and returning investors Benchmark Capital, Israel Seed Partners, Benhamou Global Ventures and Cisco Systems Inc.

In a press release Wednesday, the company said it plans to use the funds to accelerate growth in the global secure web gateway market.

In August, HarbourVest led a $6 million add-on to a series E round for Sepaton Inc., the Marlborough-based tapeless data back-up company. HarbourVest had joined the company’s investor list on the original $22 million installment of the round. The add-on brought Sepaton’s total investment to $96.6 million.

HarbourVest also joined Boston-based M/C Venture Partners, Westport, Conn.-based Oak Venture Partners and three other firms in a syndicate of private equity companies that bought European telecom GTS Central in May for undisclosed terms. 

A private equity firm with eight principal investors, HarbourVest focuses on venture capital, buyout, mezzanine, distressed debt and diversified private equity, according to the company’s website.