CenterBeam Secures $41M in Second Round of Funding, Totaling Over $60M

CenterBeam, Inc., a provider of enterprise-level computing services to small businesses, has announced a $41 million second round of funding, bringing its total investment to over $60 million. Led by Dell Computer Corporation, a strategic partner and lead investor, the round also includes new investors Tangent Fund Management and Impact Venture Partners. The funding will be used to accelerate national expansion and meet the growing demand for CenterBeam's services.

Key Takeaways:

• Dell Computer Corporation, a strategic partner and lead investor, led the $41 million second round of funding, bringing its total investment to over $60 million.
• The funding will be used to accelerate national expansion and meet the growing demand for CenterBeam's services, including major sales and marketing initiatives, customer service organization, and additional staffing requirements.
• Intel Corporation, a new investor, joined the funding round and plans to work with CenterBeam to develop innovative solutions specifically designed for small businesses.
• Other returning investors include Microsoft Corp., CrossPoint Venture Partners, Accel Partners, New Enterprise Associates (NEA), and USWeb/CKS Corp.
• CenterBeam's service includes powerful Dell computers, high-quality printers, high-speed DSL Internet access, Lucent high-speed wireless network, 24/7 dedicated customer care team, daily data back-up, disaster recovery services, and access to business and process applications.

Statistics:

• Second round of funding: $41 million
• Total investment: over $60 million
• Breakdown of funding: $35 million equity and $6 million equipment financing
• Number of investors: 10

Sources:

• "CenterBeam, Inc. Secures $41 Million in Second Round of Funding." PR Newswire. January 18.
• "About CenterBeam." CenterBeam, Inc. January 18.