Software company gets $15m second funding round

Co-led by Highland Capital Partners and Flybridge Capital Partners, the investment will be used to increase global sales and marketing efforts, and develop a PC management platform.

US venture capital firms Highland Capital Partners and Flybridge Capital Partners have co-led the $15 million Series B funding of software company Virtual Computer. Enterprise software company Citrix Systems is a “strategic investor” in the funding as well.

Founded in 2007 and based in Boston, Virtual Computer aims to use virtualization technology to reduce the cost of managing corporate PCs.

The funding will enable Virtual Computer to accelerate global sales and marketing efforts. It will also further advance development of NxTop, a PC management platform, which isolates the PC’s critical components so that each is managed independently in a highly-scalable fashion without a persistent network connection.

Highland and Flybridge previously invested in Virtual Computer’s first funding round. To date, the company has raised $21 million.

Highland recently expanded its investment team in Shanghai with two former Intel Capital senior executives. The firm invests in the communications, consumer, digital media, healthcare and information technology sectors, and manages approximately $3 billion across eight funds.

Founded in 2001, Flybridge invests in seed and early stage companies in the consumer, healthcare and information technology sectors. It has $560 million under management, across three funds.