Thursday, August 03, 2006

Venture Capital Access Online | Venture Capital News

"EnterpriseDB, the world's leading enterprise-class, open source database company, announced today that it has closed a combined $20 million debt and equity financing. A $16.5 million Series B venture capital financing was led by Fidelity Ventures, a leading provider of 'Go-to-Market Capital(SM)' to early-stage information technology and communications companies. Previous investors Charles River Ventures and Valhalla Partners also participated in the Series B round. In addition, EnterpriseDB announced that Comerica Bank has extended a $3.5 million line of credit to the company. To date, EnterpriseDB has raised a total of $28.5 million. The new funds will be used to expand the company's sales and marketing capabilities throughout the world and to continue development of EnterpriseDB Advanced Server, the company's flagship RDBMS product. "

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