Thursday, July 9, 2009

First VC round for Jolicloud: $4,2 M

So, while I am on holydays, Tariq Krim and Jolicloud has just secured their first round of venture capital found.
The Investors are : Niklas Zennström, founder of Skype and Kazaa and an early tester of Jolicloud ;-) and Gilles Samoun

The Jolicloud Blog has announced that:
Jolicloud (, the Internet operating system for netbooks, announced today the completion of a $4.2M Series A funding round led by Atomico Ventures, in conjunction with Mangrove Capital Partners. The financing will enable the startup to accelerate the development of the product (currently in private alpha), launch its developer program, and expand its global network of partners.

About Atomico Ventures

Atomico Ventures is focused on supporting European early stage consumer facing technology companies. Founded by Niklas Zennström and Janus Friis, co-founders of multiple successful internet companies, including Skype, Joost, Joltid and Kazaa, Atomico invests in passionate entrepreneurs with disruptive business ideas who want to build tomorrow’s global winners. Atomico has over 20 companies in its portfolio, including Seesmic, Fon, Jawbone, Netlog and Woo Me.

About Mangrove Capital Partners

Mangrove Capital Partners is committed to turn entrepreneurial visions into realities as a means to drive capital appreciation for investors. Our hands-on philosophy in all areas of business and technological development is the cornerstone of our investment strategy and positions us as a true partner for growth. Mangrove Capital Partners has invested in, among others, the following companies: Skype, Zink, Seatwave, Nimbuzz, Brands4Friends and WooMe.

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