Thursday, December 6, 2007

CrossLoop, Inc., creator of the world's easiest to use secure desktop sharing,announced that it has raised $3 Million in a Series A financing

What Company Is Offering:
CrossLoop is a consumer Internet company that empowers everyone to help someone anywhere in the world with its free and easy-to-use desktop sharing software application. CrossLoop connects computer users with trusted, qualified service providers and friends who can provide the support they need quickly and conveniently. With over 10 million help minutes served and over 300,000 unique users, CrossLoop is available in 21 languages and is used by individuals and businesses in over 150 countries for technical support, training and collaboration.

How Much They Got From VCs:

CrossLoop, Inc., creator of the world's easiest to use secure desktop sharing software, announced that it has raised $3 Million in a Series A financing led by El Dorado Ventures.

How They Are Progressing:

Since launching last November, CrossLoop has seen rapid adoption with hundreds of thousands of user sessions connecting people in over 150 countries worldwide," said Tom Peterson. "We are excited to partner with the CrossLoop team to help them achieve their vision of solving the frequent computer support problems that every computer user has experienced."
About VCs:
About El Dorado Ventures

El Dorado Ventures (EDV) is a leading entrepreneur-focused, early-stage venture capital firm with over two decades of success. Entrepreneurs see EDV as a trusted investment partner who shares their vision and helps them succeed by providing ongoing strategic guidance and access to a wealth of industry contacts. With $750 million in capital under management, the firm invests across the information technology spectrum, from semiconductors and systems to communications, software and services, targeting both consumers and the enterprise. El Dorado's early-stage investments have included Compellent Technologies, Cyras Systems, EarthLink, Efficient Networks, Novellus and NuSpeed Internet Systems. Numerous EDV portfolio companies have gone public or been acquired by major technology companies including AT&T, Ciena, Cisco Systems, nVidia, Siemens, Texas Instruments and Yahoo.
VCs website detail at:http://www.eldorado.com/
Product detail at:https://www.crossloop.com/

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