Strangeloop raises $10 Million from undisclosed Canadian Angels

Posted by Techvibes NewsDesk

Vancouver's Strangeloop announced yesterday that it has raised $10 million in series B funding from a private investment group. According to TechCrunch it is a group of Canadian super angels.

The new infusion of capital will be used to develop new products and features as well as to expand its global reach into Europe, Latin America, and Asia. The new round builds on the company’s $11.5 million series A, which it raised back in July 2007, bringing total investment to over $22 million.

Founded in 2006 by Jonathan and Joshua Bixby, Strangeloop employees 40+ in downtown Vancouver. The Bixby brothers previously co-founded IronPoint Technology which was acquired by The Active Network in 2006.

Company:
Strangeloop
Website:
http://www.strangeloopnetworks.com
Location:
Vancouver, British Columbia, Canada

Strangeloop designs, builds, installs, and supports hardware and software solutions that accelerate the performance of websites and web-based applications. Founded in 2006, Strangeloop’s original product offering was the Strangeloop AS1000, a delivery-focused accelerator for ASP.NET. In 2010, the company launched Site Optimizer, a next-generation solution that offers a powerful set of features that work together... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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