[October 02, 2009] Intune Networks raises $32.5 million in venture capital funding Tweet Oct 02, 2009 (Datamonitor Financial Deals Tracker via COMTEX) -- Intune Networks Limited, an Ireland-based telecom equipment design company, has raised $32.5 million in new venture capital funding. Kernel Capital Partners and financier Dermot Desmond co-led the round, with additional funding provided by existing investors Balderton Capital Management (UK), LLP, Amadeus Capital Partners Limited and Spark Capital as well as long term private investors. In addition, Enterprise Ireland and Invest Northern Ireland also participated in this round of financing. Deal Value (US$ Million) 32.5 Deal Type Venture Finance Sub-Category Growth Capital/Expansion Deal Status Completed: 2009-10-01 Deal Participants Target (Company) Intune Networks Limited Deal Rationale Intune Networks intends to use the proceeds for the full commercial product launch in mid 2010, as well as for expanding market coverage beyond the European carriers on into North America and Asia. [ Back To TMCnet.com's Homepage ]