Pond Venture Partners - BreakerTech closes second round financing

SealedMedia closes second round financing

February 2000 - SealedMedia (formerly BreakerTech) has closed a financing round of $10.25M, led by Crescendo Ventures of Silicon Valley, and including 3i, Europe's largest technology investor, and a follow-on investment from Pond Venture Partners. The company's Digital Rights Management technology attracted strong interest from several leading venture capital firms both in Silicon Valley and the UK. The technology enables publishers and distributors of any electronic content (including print publications, music, video and software) to always keep track of their property. While this technology can be used to prevent copyright infringement it can also enable more widespread distribution at much lower cost.

The company, whose CEO is based in San Francisco and whose R&D is in Beaconsfield near London, sought to gain venture backing in both geographies since its customers are likely to be in the US and Europe, and will eventually extend to Asia.