CHEMSFORD, Mass.-WaterCove Networks said it has closed a $20 million third round of financing, raising to $70 million the company’s equity financing to date.
The current investors include Charles River Ventures, Sprout Group, Orange Ventures and Bessemer Venture Partners.
“This financing fully funds WaterCove’s strategic business plan, providing the company with the resources necessary to build on the initial commercial success we have experienced selling to world-class operators such as Orange UK,” said Peter Lojko, president and chief executive officer at WaterCove.
