San Diego-based EdgeWave Inc., which makes cyber security software, said on Dec. 17 that three investors contributed $2 million more to the company’s series A funding round. EdgeWave is pulling together funds to expand the company.
Some $1.2 million came from San Diego’s TVC Capital. A San Francisco Bay Area firm specializing in alternative assets, Northgate, contributed $500,000. Bill Baumel and partners of RWI Ventures contributed $300,000. The latter are longtime EdgeWave investors.
With the new funding round, TVC Capital’s total preferred equity investment in EdgeWave is $7.2 million. On top of the series A preferred shares, TVC purchased 3 million common shares through a tender offer.
EdgeWave said it received $8 million in equity funding during 2014. Dave Maquera is CEO. Some longtime readers may remember the company by its old name, St. Bernard Software Inc.