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Czech-American Analytics Firm Wins $2.5 Million Second Round Funding

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imageCloud computing analytics company Good Data has raised $2.5 million (£1.7 million) in second round funding from Marc Andreessen, Ben Horowitz, San Francisco’s O’Reilly Alphatech Ventures and Cambridge, Massachusetts-based VC firm General Catalyst, as Thealarmclock.com reports. The company is based in Silicon Valley but has engineers in its native Czech Republic. Its main products are collaborative data-sharing platforms and it has now raised $4.5 million (£3 million) to date. Founder Roman Stanek sold his first start-up Netbeans to Sun Microsystems for $2 million and his second, Systinet, to Mercury Interactive and HP for $105 million.

For angel investors Andreessen and Horowitz its a continuation of their current strategy of investing in smaller, early-stage business—the pair are reported to be raising a $250 million start-up fund to pay out between $500,000 and $1 million.

Apr 27, 2009 6:26 AM ET

Posted In: Money, M&A & Venture Capital, Venture Capital, Countries, Europe

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