Tech Company Financing Transactions
xkoto Funding Round
xkoto, based in Waltham, secured $7.5 million from GrandBanks Capital and Growthworks Capital.
Transaction Overview
Company Name
Announced On
11/6/2007
Transaction Type
Venture Equity
Amount
$7,500,000
Round
Series B
Investors
GrandBanks Capital (Lead Investor) (Khalil Barsoum)
Growthworks Capital (Roger Chabra)
Proceeds Purpose
xkoto will use the new financing to increase its product portfolio to support multiple database and ISV platforms, expand its U.S. presence, further accelerate sales and establish strategic partnerships.
Company Information
Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
275 Wyman Street 130
Waltham, MA 02451
USA
Waltham, MA 02451
USA
Phone
Website
Email Address
Overview
Drawing on emerging ideas from utility, grid, and commodity computing, xkoto's concept of database load balancing arose out of efforts to help customers manage their web infrastructure.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
David Patrick
Chief Financial Officer
Dermot O'Grady
Chief Technical Officer
Ariff Kassam
Co-Founder
Albert Lee
VP - Engineering
Jeff Heisz
VP - Marketing
Charlie Ungashick
VP - Sales
John Hamilton
VP - Sales
Roger Walker
Browse more venture capital transactions:
Prev: 11/6/2007: MakeOver Solutions venture capital transaction
Next: 11/6/2007: YouMail venture capital transaction
Share this article
Where The Data Comes From
We do our best to document every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs