Citrix Systems’ Startup Accelerator is reportedly expected to invest more money in start-ups this year. Since Citrix started the accelerator in December 2010, run by John McIntyre (pictured), it’s invested in 16 early stage companies, according to news provider Dow Jones, with two trade sales and one that has raised a series A round. Citrix’s investments include Gridcentric, which reduces the number of servers required to support virtual desktops and raised an A round in September from Citrix; and Tylr Mobile, which raised $500,000. Tylr’s founder, Ryan Nichols’s, previous company, Podio, which made a social corporate workspace , was acquired by Citrix in April. About half of Tylr’s investment comes in a convertible note from Citrix, which generally invests about $250,000, and the other half from the Alchemist Accelerator and angels.
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Citrix prepares to expand
Jan 15, 2013 • Global Corporate Venturing
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