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CBS MarketWatch: Linuxcare to get $32 million in funding

Dec 15, 1999, 00:25 (0 Talkback[s])
(Other stories by Mike Tarsala)

[ Thanks to Richard Holle for this link. ]

"With the backing of technology heavyweights, San Francisco-based Linuxcare on Tuesday announced it will receive $32.5 million in venture funding -- the largest single-round amount for a Linux company to date."

"It will be the second round of venture-backed funding for the 120-employee company, and possibly the last before the company tries a public stock offering, says Fernand Sarrat, Linuxcare's chief executive. The company's main backer this round is Patricof & Co. Ventures, with additional funding from Apax Partners Europe, the company announced."

"According to Linuxcare executives, the two venture backers are putting down "slightly more than a third" of the round's total amount."

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