LONDON – Following Cable & Wireless’ $20 million investment in GorillaPark, the Internet business accelerator has announced the completion of a $40 million second round of funding.
Joining Cable & Wireless in the round are Initiative-IP, ABN AMRO, Crescendo Ventures, Deutsche Bank, NeSBIC Group and Rabobank Nederland.
Jerome Mol, chairman and chief executive officer of GorillaPark stated that when looking for investors, the company wants to find a strategic partner to deliver its services throughout the world. He added that GorillaPark is continually looking for products to enhance its performance and noted that Cable & Wireless is a prime example of this, helping the company to generate ideas.
Mol describes Initiative-IP as a well-networked company with a strong French base that will enhance GorillaPark’s success in the French market thanks to the production ability and experience of its Initiative-IP engineers.
“We are especially pleased to welcome Initiative-IP to our investment group. Their key position and vast network throughout the French business community gives GorillaPark a strategic partner who will help accelerate our expansion into the French market and beyond,” Mol said.