Menlo Park, Calif. -- A pair of local investment firms, Menlo Park-based Canaan Partners and Santa Clara-based SVB Financial Group, said on Wednesday that they have jointly invested $3.1 million in iYogi, a computer support startup company based in India. iYogi provides live computer support, on the phone and via remote access, to home and small business customers. The company said that it will use the new capital to expand its service offerings and sales and marketing programs, as well as to enhance its delivery operations in India. This is the first joint investment between Canaan and SVB Financial Group.
http://www.canaan.com/
http://www.svb.com/
http://www.iyogi.net/iyoginet/us/PressreleasesApril07.htm
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