In August 2000 Axerra Networks^® raised $16M in investment funds co-led by HarbourVest Partners and Morgan Stanley Private Equity. Other investors included TLcom Capital Partners, Jafco (Japan's technology fund), and Garage.com, along with Axerra Networks employees.

Morgan Stanley Private Equity

Morgan Stanley Private Equity handles the private equity business of Morgan Stanley & Co. (NYSE: MWD), a pre-eminent global financial services firm. Since its founding in 1985, funds managed by Morgan Stanley Private Equity have invested in excess of $6.6 billion of capital. For more information, please visit the company's web site at http://www.msdw.com/privateequity.

HarbourVest Partners LLC

HarbourVest Partners, LLC was established in 1982, and is now one of the largest private equity investment firms in the world, managing assets of over $10 billion. HarbourVest has developed expertise in the areas of Internet infrastructure, networking, telecommunications, software, and management buyouts. The firm currently has investments in the US, Israel, Canada, Europe, Asia,and Latin America.  HarbourVest has offices in Boston, London,and Hong Kong. For more information, please visit the company web site at http://www.harbourvest.com.

In September 2002, Axerra completed a $10M second round of private financing.  Participating directly for the first time and leading the second round is TLcom Capital Partners Limited, a pan-European venture capital fund specializing in communications and information technologies. 

TLcom Capital Partners

TLcom Capital Partners Limited, established in 1999, is a London-based venture capital firm investing in communication technologies and services companies.  The management and advisory team represents over 100 years combined experience in finance and strategy for the communications industry in Europe and Silicon Valley.  TLcom manages € 185M for investments mainly in European and in US-Israeli start-ups. TLcom Capital Partners is IMRO registered and FSA regulated. For more information, visit http://www.tlcom.co.uk.
 

In September 2005, Axerra completed a $16.25M Round C of private financing.  The latest round was led by Carmel Ventures and included participation from existing investors TLcom Capital Partners, HarbourVest, and the Zisapel brothers.  

Carmel Ventures

Founded in 2000 by pioneers and leaders of the Israeli high tech industry, Carmel Ventures, with $372 million under management, is one of Israel’s leading venture capital funds focused on information technology investments. Led by former entrepreneurs and executives of the software, communications and investment industries, Carmel provides active, hands-on support to its portfolio companies. Carmel headquartered in Herzliya, Israel enjoys a worldwide network of industry, strategic and investment resources. Carmel provides significant capital and support through the growth cycle of its portfolio companies and is recognized as a true company building fund in Israel. For more information, please visit www.carmelventures.com.