Tech Company Financing Transactions

Yipes Enterprise Services Funding Round

Crosslink Capital, JPMorgan Partners and Norwest Venture Partners participated in a $24 million Series C funding round for Yipes Enterprise Services. The financing round was announced by the company on 4/11/2005.

Transaction Overview

Announced On
4/11/2005
Transaction Type
Venture Equity
Amount
$24,000,000
Round
Series C
Investors

Crosslink Capital (Lead Investor) (Gary Hromadko)

JPMorgan Partners

Norwest Venture Partners (Promod Haque)

Sprout Group

Proceeds Purpose
Yipes said the new round of funding exceeds the Company's financial requirements to reach positive cash flow in 2006.

Company Information

Company Status
Acquired or Merged
Industry
Telecom
Mailing Address
114 Sansome Street 11th Floor
San Francisco, CA 94104
USA
Email Address
Not Recorded
Overview
Yipes Enterprise Services, Inc. is the leading global provider of managed, end-to-end Ethernet solutions for enterprise customers. Yipes offers a uniquely scalable suite of networking services that combine the speed, simplicity and cost effectiveness of native Ethernet with Yipes proprietary bandwidth-on-demand functionality.
Profile
Yipes Enterprise Services LinkedIn Company Profile
Social Media
Yipes Enterprise Services Company Twitter Account
Company News
Yipes Enterprise Services News
Facebook
Yipes Enterprise Services on Facebook
YouTube
Yipes Enterprise Services on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
John Scanlon
  John Scanlon LinkedIn Profile  John Scanlon Twitter Account  John Scanlon News  John Scanlon on Facebook


 

 

Browse more venture capital transactions:

Prev: 4/8/2005: NuTech Solutions venture capital transaction
Next: 4/11/2005: benu venture capital transaction

 

Share this article

 


Where The Data Comes From

We report on every notable VC transaction. All VC database entries reported here come from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary