“Linuxcare, a seller of Linux services and support trying to
regain its footing after a series of management and financial
setbacks, is about to close a new round of funding, sources
said.”
“The funding round, expected to close as soon as today, will
include an investment from Charter Ventures as well as earlier
investors Kleiner Perkins Caufield & Byers, Patricof & Co.
Ventures and others, sources said.”
“A new round of funding will be necessary to bring Linuxcare
back from the brink and restore its status as one of the earliest
companies to make a serious go at turning Linux’s popularity into a
business. But the funding is no guarantee that it will be able
to stave off new and current competitors.”