Investors

Since its incorporation in 2003, Tribold has attracted funding that has enabled the business to grow at an impressive rate.

The Tribold executive team are highly experienced fund raisers, working with premier investors to secure funding to grow the business further. Their track record of successful delivery against plan has enhanced their credibility and early customer traction has added further validation to this exciting software vendor.

In December 2004, Tribold was delighted to welcome Jonathan McKay (Chairman, Exony and Oblicore) and Roger Keenan (founder, Eyretel Limited) as private equity investors.

Jonathan McKay joined the board as Chairman and Roger Keenan joined Tribold’s advisory board.

In July 2005, Eden Ventures selected Tribold Limited as the latest investment from its newly formed £32 Million early stage technology private equity fund. Mark Farmer and Mark Caroe, of Eden Ventures, joined the Board as Non Executive Directors.

In March 2006, Tribold received a further round of investment capital from Eden Ventures specifically to accelerate expansion of operations and customer acquisition. The funding came from the £50 million ‘Eden One’ early stage technology private equity fund and follows initial investment by Eden Ventures in July 2005. Eden is able to apply their considerable experience in the communications industry software market to this investment. Experience gained with some of the hottest companies in the industry, companies like Apertio and Cramer Systems.

"The company is fast gaining traction with some of the world’s largest communications services companies as they see the clear advantages of its approach to product management. Tribold is solving one of the sector’s most pressing challenges." said Mark Farmer, General Partner, Eden Ventures.

In March 2007, Tribold received a syndicated $15 million Series B funding round with new investors DFJ Esprit and existing investors, Eden Ventures.

As part of the investment, DFJ Esprit Nic Brisbourne joined the Tribold board.

“Tribold is an exciting new communications industry software applications company, with a rapidly growing portfolio of telecoms customers.  What is more, the market is still in its embryonic stages and we see this as an excellent opportunity to achieve a dominant share of this emerging sector. We were also attracted by the experience of Tribold’s excellent board, especially the pedigree of the CEO, Simon Muderack and CTO, Catherine Michel.  We believe the success of our investment is assured,” said Nic Brisbourne, Partner at DFJ Esprit. 

In 2008 Tribold undertook a Series C round of funding led by a new investor – Intel Capital.

About Eden Ventures

Eden Ventures focuses entirely on early stage UK and Ireland software opportunities in the telecommunications, digital media and enterprise sectors. As serial entrepreneurs, Eden's partners bring the highest levels of expertise in building early stage technology companies. As seasoned investors, Eden's partners bring a strong investment track record in this exciting sector. Eden adds significant sales & marketing, organizational and financial focus and capabilities to the existing technology value of its portfolio members. For further information, please visit www.edenventures.co.uk.

About DFJ Esprit

DFJ Esprit is a venture capital fund backing extraordinary entrepreneurs and management teams in dynamic markets. DFJ Esprit invests in technology, new media, telecoms and healthcare businesses.
 
With over 130 years of investing experience between its partners and over 130 investments made, DFJ Esprit has one of the most experienced teams and longest track records in European venture capital.
 
DFJ Esprit has helped build some of the most successful European venture-backed businesses of recent years. These recent successes include KVS, Alphamosaic, Fillfactory, DNA Research Innovations, BlackSpider and Neteconomy. DFJ Esprit's partners have also been responsible for investments in companies including Virata, Cambridge Silicon Radio (CSR plc), Bookham, Microcosm and Xaar.
 
DFJ Esprit is part of the Draper Fisher Jurvetson (DFJ) Global Network with 120 investment professionals in more than 30 cities around the world. In the last twenty years the DFJ Network has backed over 300 companies including Hotmail, Baidu and Skype. For further information, please visit www.dfjesprit.com

Both DFJ Esprit and Eden Ventures were winners at CNet UK Technology Innovation & Growth 2007 Awards, picking up awards for the ‘Venture Capitalist of the Year’ and ‘Early Stage Investor of the Year’ respectively.  More information at:  http://etf.cnetnetworks.co.uk/ig07/awards-categories.htm

About Intel Capital

Intel Capital is a global commitment aimed at investing and supporting profitable enterprises that will drive internet growth, enable new usage models, and advance industry standards. We build companies using our worldwide customer base, technological knowledge, extensive access to capital, and the power of the Intel brand. While financial return is imperative, our greater mission is to spur innovation and inspire the entrepreneurial spirit to thrive.