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Md.-based Greenspring Associates Leads $12 MM Funding in Intronis

Intronis, a provider of cloud backup services, announced it has raised $12 million of venture capital in a deal led by Owings Mills-based venture capital firm Greenspring Associates, with participation from OpenView Venture Partners and the company's executive management team. Founded in 2003, Intronis provides IT companies with offsite and local backup capabilities, which generate a monthly recurring revenue stream to add to their businesses. Founded in 2000, Greenspring Associates currently manages a late-stage direct investment fund as well as a fund-of-funds portfolio.

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