Spinnaker Networks
1999
FOUNDED
M&A
STATUS
M&A
LATEST DEAL TYPE
$300M
LATEST DEAL AMOUNT
Description
Supplier of NAS storage solutions. The company's products provides scalable system architectures, distributed file systems, next-generation clustering technologies and virtualization.
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Primary Office
- 107 Gamma Drive
- Pittsburgh, PA 15238
- United States
+1 (412) 000-0000
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Spinnaker Networks Valuation and Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 3. Merger/Acquisition | 01-Feb-2004 | $300M | 000.00 | 00000 | Completed | Generating Revenue |
| 2. Later Stage VC (Series B) | 03-May-2002 | 000.00 | 000.00 | 000.00 | Completed | Generating Revenue |
| 1. Early Stage VC (Series A) | 01-Jan-2000 | $20.4M | $20.4M | 000.00 | Completed | Product Development |
Spinnaker Networks Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate ($) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price |
% Owned |
|---|---|---|---|---|---|---|---|---|
| Series B1 | 00,000,000 | 00.000000 | 00.00 | 00.00 | 00.00 | 00 | 00.00 | 00.000 |
| Series B | 00,000,000 | 00.000000 | 00.00 | 00.00 | 00.00 | 00 | 00.00 | 00.000 |
| Series A | 14,658,929 | $0.000100 | $0.11 | $1.4 | $1.4 | 1x | $1.4 | 16% |
Spinnaker Networks Former Investors (6)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Board Seat |
Contact Info |
|---|---|---|---|---|---|---|
| Government of Singapore Investment Corporation (GIC) | Sovereign Wealth Fund | Minority | 000 0000 | 000000 0 | ||
| Hercules Capital | Lender/Debt Provider | Minority | 000 0000 | 000000 0 | ||
| Mellon Ventures | PE/Buyout | Minority | 000 0000 | 000000 0 | ||
| Menlo Ventures | Venture Capital | Minority | 000 0000 | 000000 0 | ||
| Norwest Venture Partners | Venture Capital | Minority | 000 0000 | 000000 0 |