Aduva raises $4m from London's Elwin Capital Partners

Ramat-Gan based startup Aduva, which develops Linux-based enterprise management software, has secured $4 million venture financing from the British fund Elwin Capital Partners.

The money completes an $18 million third round financing for the startup, according to a post-money company value of $39 million.

In January, Aduva raised $14 million as part of the same round, which was led by IBM, BMC Software and Intel Fund 64. Existing Israeli investors also took part, such as Evergreen, Cap Ventures and Capital Group.

From its establishment in October 1999, Aduva has raised a total of $26 million.

The company employs 40 people at its Ramat Gan R&D center and 10 at its headquarters in Palo Alto, California.

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