Tuesday, April 5, 2005

Trapeze Raises $17.5 million in 3rd Round Funding

Trapeze Networks, a supplier of WLAN systems, raised $17.5 million in third-round Series C funding, bringing the total investment in the company to $67.5 million.

Trapeze offers a secure wireless LAN Mobility System that enables roaming and sophisticated services for both users and IT. The company is based in Pleasanton, California.

The new funding was led by $4 million from Duff Ackerman & Goodrich. Trapeze received additional Series C funding from a recently announced alliance with Nortel and its original team of first- and second-round investors, including venture capitalists Accel Partners, Redpoint Ventures, Oak Investment Partners and Castile Ventures, investment bankers and financial services firms Trautman Wasserman & Co. and C.E. Unterberg Towbin.



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