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Columbia Capital Raises $28.75M for GlobalOne Investment

03/04/2012

Columbia Capital has raised $28.75 million of a $33.75 million offering for "Declarative Holdings Inc.," taking in the amount from six investors, according to an SEC filing.

The raise appears to be connected to an investment Columbia Capital made in New York-based software-as-a-service provider GlobalOne.

Last August, GlobalOne announced that it secured more than $25 million from Columbia Capital to be used towards expansion and market coverage.

Columbia Capital principals Jason Booma and John Siegel are named in the SEC filing, as is GlobalOne CEO David Northington.

Columbia Capital invests in the wireless, broadband, media, and enterprise industries, with BroadSoft (Nasdaq:BSFT) and Millennial Media - which recently filed to go public - as representative investments.

With offices in Alexandria, Va. and Waltham, Mass., Columbia Capital, founded in 1989, closed its most recent recent venture fund of $441 million, Columbia Capital Equity Partners V, in 2010, brings its total dollars under management to over $2.5 billion.

GlobalOne is a cloud solution provider providing strategy, implementation, and support services with focus on client management (CRM), cloud computing (development and strategy), and social business.