Switzerland-based telecommunications company Swisscom’s corporate venturing unit on Tuesday backed US-based real time data processing company Matrixx Software with an undisclosed investment.
The round comes after Matrixx raised $12m in its series B round from Innovacom, the corporate venturing fund backed by France Telecom, and private equity firm Adams Street Partners. Matrixx’s investors also include Tugboat Partners and Greylock Partners, which invested $9m in March 2010. It had previously secured $2.5m of early stage investment in 2009.
Stefan Kuentz, investment officer with Swisscom Ventures, said: "We are very excited about Matrixx Software’s vision for mobile broadband. We only make a few investments out of hundreds of opportunities each year, and this investment allows Swisscom a prime position to profit from the tremendous growth of mobile broadband services."