Critical Links receiving $5,7 million from European venture capital funds

By admin at October 27, 2007 | 11:12 pm | Print

What Company is About:
Critical Links is an international networking technology company and provider of edgeBOX, a converged multi-function device or business gateway targeted at SMBs and Enterprise Branch Offices. edgeBOX is available in a wide range of scalable hardware platforms, including hardened appliances and standard servers, and has the best feature to price ratio in the market, making it the ideal choice for cost savvy SMEs. edgeBOX typically replaces 4 to 6 single-function devices required to deliver an equivalent set of services, fully remotely managed, with significantly lower TCO. Telecom Service Providers and Managed Services Providers offer edgeBOX as a service to their SME customers.

How Much They Got From VCs:

They announced it has closed its Series A round of funding, receiving $5,7 million from European venture capital funds InovCapital, Change Partners and ASK/ISQ Capital.

Whats The Purpose Of Raising Fund:

The new funding enables Critical Links to accelerate sales and marketing activities worldwide, in order to fuel the continued market growth of its proven edgeBOX “Office in a Box” solution. The company is expanding its direct presence in the US market and increasing its investment in sales and marketing in Europe and in key emerging markets such as India, China, Brazil and South Africa.
About VCs:
InovCapital is the Portuguese Ministry of the Economy and Innovation venture capital society, geared towards supporting SME’s and entrepreneurs. Its mission is to contribute for the supported growth of the Portuguese economy through the promotion of entrepreneurship and a proactive participation in the development of the Portuguese companies. Inovcapital focuses its investments in technology intensive start-up companies and innovative projects geared for expansion into the global market.

About ASK/ISQ Capital

ASK/ISQ Capital is the venture capital arm of the ISQ Group, one of the largest engineering services firms in Portugal with more than 700 staff members. ISQ Capital focuses its investments in early-stage, technology-oriented companies.

About Change Partners

Change Partners is a leading independent venture capital company in Portugal. The firm invests in start-ups and highly innovative companies through its Fast Change investment fund.
More at:www.critical-links.com

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