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Casero Secures $5.8M

Casero secures $5.8M as Rembrandt Venture Partners joins existing investors in series B funding

October 16, 2007

1 Min Read

TORONTO -- Casero Inc., a leading provider of white-label and web 2.0 products for service providers, today announced the completion of its Series B funding of $5.8 million. This round received partial funding from a new investor source, Rembrandt Venture Partners, who joined existing investors Argo Global Capital Partners, Highland Capital Partners and Casero Founders, Paul Atkinson and Kevin Kimsa. The money will enhance and expand the company's current product line, specifically upgrades to the Casero Vault Suite including increased backup protection and significant storage upgrades.

“We are very excited to have Rembrandt join our existing investors in funding this round. Their participation affirms Casero’s leadership position in supplying white label digital media solutions to the world’s leading service providers,” said Paul Atkinson, Casero's chairman and chief executive officer.

“Rembrandt is pleased to join Highland Capital and Argo to help Casero continue to expand their business,” said Doug Schrier, general partner of Rembrandt. “I have worked with Paul Atkinson and Kevin Kimsa in the past and am sure that their experience in providing solutions to the Telco market will make certain Casero is well positioned to take advantage of this rapidly expanding market.”

Rembrandt Venture Partners

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