Esprit and Eden invest in second Tribold financing round

Esprit Capital Partners and Eden Ventures have contributed to the $15m second financing round of Tribold, a manufacturer of software for communication service providers.

UK venture capitalists Esprit Capital Partners and Eden Ventures have backed the $15 million (€11 million) second financing round of Tribold. Esprit is a new investor in this round, while Eden is an existing investor, having invested £1.2 million (€1.8 million, $2.4 million) in the first financing round in June 2005.

Eden has invested another £1.2 million in this financing round, while Esprit has invested $10 million from two of its funds.

Tribold was created in 2003 and is headquartered in London. It provides product management enterprise software developed for communication software providers.

Esprit Capital Partners was created in June 2006 through the merger of Prelude Ventures and Cazenove Private Equity. It has $500 million under management and is based in London and Cambridge. The firm sold its stake in fraud software business Neteconomy to IT provider Fiserv last week.

Eden Ventures invests in early stage UK software companies and is based in Bath. The investment is the first out of its debut fund, which held a first close at the beginning of this month on £32 million.