Wednesday, August 10, 2011

Copiun captures $1.6M in second funding round

By Rodney Brown

Copiun Inc. a data management software startup, has taken in $1.64 million of a planned $1.7 million second funding round, according to federal documents.

Marlborough-based Copiun reported in a filing with the U.S. Securities and Exchange Commission that there were 20 backers in the new equity funding round, but did not disclose names. Previous investors in Copiun include Hub Angels, RRE Ventures, Launchpad Venture Group, Beacon Angels, Walnut Venture Associates, Race Point Capital Group LLC and LaunchCapital, according to the company website.

Listed as a related person in the filing is Tad Witkowicz, a serial entrepreneur and a member of Hub Angels, who joined Copiun’s board of directors in its previous funding. That funding brought Copiun $1.9 million in a Series A round in September 2010. Also listed as a related person is Copiun director Prashanth V. Boccasam, a venture partner with D.C.-area firm Novak Biddle Venture Partners. Boccasam is not listed as a director on the Copiun website, however.

Copiun makes software that aims to help companies manage corporate data that is distributed across a variety of places, including on laptops, desktops and remote offices, according to officials. The company was co-founded by a pair of EMC Corp. veterans - CEO Puneesh Chaudhry and CTO Sanjay Jain, both of whom are also listed as related persons in the SEC filing.