Tech Company Financing Transactions
Exanet Funding Round
Exanet, based in Ra'anana, secured $18 million from Coral Capital Management, Evergreen Partners and Intel Capital.
Transaction Overview
Company Name
Announced On
6/25/2007
Transaction Type
Venture Equity
Amount
$18,000,000
Round
Undisclosed
Investors
Coral Capital Management (Lead Investor) (Yuval Almog)
Evergreen Partners (Boaz Dinte)
Proceeds Purpose
Dr. Giora Yaron, Founder and Chairman of Exanet, said, "This recent round of investment is intended to fuel the already strong momentum in worldwide sales that the company has been experiencing. The funds will be utilized mainly to ramp up the company´s sales and marketing resources. This round is anticipated to take the company through profitability."
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
4 Hacharoshet Street PO Box 2273
Ra'anana, 43657
Israel
Ra'anana, 43657
Israel
Phone
Website
Email Address
Overview
Exanet's new breed of open, high-performance NAS solutions breaks the limits of data storage. Comprising ExaStore software and standard, off-the-shelf hardware, the ExaStore system offers ultimate performance, infinite scalability, stress-free management, and a choice of hardware vendors.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mark Weiner
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About Our Venture Capital Transactions Database
Our team works diligently to report on tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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