I’m pleased to report that Mark Logic has announced the closing of a $12.5M round of financing from Sequoia Capital and Tenaya Capital . While most VCs are surely doing some portfolio triage in response to the current economic environment, and while that means that duo-syllabic, business-model-free, web 2.0, social-something start-ups will not have easy access to funding, the flip side of the “too sick to save” part of triage is that some set of companies — presumably the promising ones — will indeed have access to capital on favorable terms. People seem to forget that triage means “to divide in three groups” and that while things may indeed be grim for the group III patients, that things can be pretty good for the group I ones.
See the article here:
Mark Logic Lands $12.5M in Capital to Sustain High Rate of Growth
