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Next World, General Catalyst lead $27.5m Virtual Instruments financing

26 Sep 2012

Next World Capital and General Catalyst Partners have co-led a $27.5m financing round for physical, virtual and cloud computing environment provider Virtual Instruments.

Existing investor Lightspeed Venture Partners also took part in the Series D round, which the company said would be used for product development and to expand its market presence.

NWC managing partner Craig Hanson said, “Since we first started working with Virtual Instruments in 2010, the company’s exceptionally strong team has delivered on the original promise to establish a clear leadership position in the changing IT infrastructure space.

“We’re proud to co-lead this new round of investment to further extend the product portfolio and build an unrivaled market presence in the infrastructure performance management category.”

Last month General Catalyst also led a $15m round for online travel community CouchSurfing.

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