Short Take: Sprout Group leads investment in Ennovate Networks

Donaldson, Lufkin & Jenrette has announced that the Sprout Group, its venture capital affiliate, led a $12 million second-round investment in Ennovate Networks, a pioneer in developing carrier-class Internet Protocol (IP) edge access products for the telecom and ISP markets. In addition to Sprout, the investor group included Marquette Venture Partners and Toshiba.

Jan. 2, 2002 4:43 p.m. PT

has announced that the Sprout Group, its venture capital affiliate, led a $12 million second-round investment in Ennovate Networks, a pioneer in developing carrier-class Internet Protocol (IP) edge access products for the telecom and ISP markets. In addition to Sprout, the investor group included Marquette Venture Partners and Toshiba.