Telenisus Corporation, a managed Internet
infrastructure provider, has completed its third round (Series C) of private
institutional funding, raising $45 million from 10 firms, including six new
J. & W. Seligman led the funding round and was joined by Fort Washington,
A.G. Edwards Capital, Sterling Mezzanine Partners LLC, Fenegan Finance Inc.
and a strategic partner, Articon-Integralis AG. Second round investors Alta
Communications, Bay Partners, ABN AMRO Private Equity and BancBoston
Ventures also invested in this new round. Credit Suisse First Boston
Technology Group led fundraising efforts as Telenisus’ investment advisor.
Telenisus will use the new funds for continued investment in its automated
Built for e-Business service delivery platform and to support general
business operations, especially the marketing and support of its high
performance managed infrastructure services.
Telenisus previously raised more than $58 million in two other private
funding rounds. Its Series A round closed November 1999 for $8.3 million
from a variety of individual investors and its Series B round in April 2000
generated $50 million from six firms, led by Alta Communications and Bay