Open Source Collaboration Software Maker Open-Xchange Secures $9 Million
Open-Xchange
has closed a Series B round of venture funding to the tune of $9 million. The round was led by German venture firm eCAPITAL Entrepreneurial Partners AG and joined by BayBG and existing Munich-based investor BayTech Venture Capital. Open-Xchange received a total of $8.8 million in a Series A financing round from angel investors and BayTech back in 2006.
has closed a Series B round of venture funding to the tune of $9 million. The round was led by German venture firm eCAPITAL Entrepreneurial Partners AG and joined by BayBG and existing Munich-based investor BayTech Venture Capital. Open-Xchange received a total of $8.8 million in a Series A financing round from angel investors and BayTech back in 2006.Built as open source software, Open-Xchange aims to provide an alternative to commercial platforms like Microsoft Exchange and SharePoint, including features like mobility support (iPhones, Blackberry), document sharing, shared calendars and shared address books.
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