TMCnet News
XConnect raises $10 million in Series B fundingSep 17, 2009 (Datamonitor Financial Deals Tracker via COMTEX) -- XConnect Global Networks, Ltd., a UK-based provider of federation-based peering and interconnection services, has secured $10 million in Series B funding from Venrock, Accel Partners (UK), Grazia Equity GmbH, and Crescent Point Group. Deal Value (US$ Million) 10 Deal Type Venture Finance Sub-Category Growth Capital/Expansion Deal Status Completed: 2009-09-16 Deal Participants Target (Company) XConnect Global Networks, Ltd. Deal Rationale XConnect would use the funds to continue expanding its 'Interconnect 2.0' portfolio, which includes Carrier ENUM-registry and multimedia interconnection hub services. [ Back To TMCnet.com's Homepage ] |
