While Hoff called this one on October 10th, by linking out to the Virtualization.com’s coverage , we still get some ‘scoop points’ for our coverage of the deal in September. After a little further digging, we have confirmed that Blue Lane was well beyond the speculated $18million mark on sugar daddy money, not the $13.4million Virtualization.com cites as their figure. Specifically, they received the following rounds:
- November 1st, 2003: $5million from Benchmark Capital and Matrix Partners
- June 17th, 2005: $13.8million led by Duff Ackerman & Goodrich with Benchmark Captial and Matrix joining the mix
- December 18th, 2006: $8.3million from all the above mentioned plus Presidio STX
This brings their total to a whopping (considering the exit) $27.1million. If indeed, they got picked up for $15million, then VMware got a sweet deal.
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