Tech Company Financing Transactions
NextWeb Funding Round
Kaiser Permanente Ventures, Saints Capital and Silicon Valley Bank invested in a $3.5 million Series E venture round for NextWeb. This venture round was announced on 8/24/2005.
Transaction Overview
Company Name
Announced On
8/24/2005
Transaction Type
Venture Equity
Amount
$3,500,000
Round
Series E
Investors
Proceeds Purpose
The company will spend the money expanding its Internet service.
Company Information
Company Status
Acquired or Merged
Industry
Telecom
Mailing Address
130 Rio Robles
San Jose, CA 95134
USA
San Jose, CA 95134
USA
Phone
Website
Email Address
Not Recorded
Overview
NextWeb, based in Fremont, California, delivers business-class broadband service to small and medium-sized businesses at speeds up to 100 megabits per second (Mbps), complementing Covad's existing portfolio of data solutions.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Graham Barnes
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