Print
Email
Print Edition Stories
MHT's Galen Moore: Honoring innovation in New England
Article updated as of Friday, Jan. 8, at 9:30 a.m.
Carbonite Inc. has raised another $20 million in equity financing, led by San Francisco, Calif.-based venture capital firm Crosslink Capital. Crosslink venture partner Gary Hromadko will take a seat on the board of the Boston-based consumer data backup company, said founder, chairman and CEO David Friend.
The funding was first disclosed in a regulatory filing posted Thursday by the U.S. Securities and Exchange Commission.
The new funds bring Carbonite’s venture-capital war chest to at least $67 million in total. Its last round, worth $20 million, closed in September, 2008.
The round was a “major step-up in valuation,” Friend said in an email, but declined to disclose further details. “This is a mezzanine round and will accelerate our growth going into an IPO a year or so out,” he said. Friend talked recently about taking Carbonite public this year or the next.
Thursday’s regulatory filing did not indicate the addition of Hromadko, or any other changes, to Carbonite’s board. Existing investors include Performance Equity of Stamford, Conn., Menlo Ventures and Lexington-based CommonAngels.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
RSS Feeds
