Spam-fighting company receives $2M

<p>Red Condor, a Rohnert Park company that fights spam, announced Tuesday it received a $2 million loan from Square 1 Bank.</p><p>The loan will augment $5.7 million in venture capital that Red Condor finalized in July. That round of funding included $1.2 million from local investors such as Don Green. The other $4.5 million came from ATA Ventures, based in Redwood City, and RWI Ventures, based in Menlo Park.</p><p>The anti-spam company will use the funding to further develop technology that blocks spam and other malicious e-mail for its clients, which include the cities of Santa Rosa and Petaluma.</p><p>Last year, Red Condor raised $2.8 million in its first phase of venture funding.</p><p>Founded in 2003, Red Condor competes in the fast-growing $2.5 billion market for anti-spam solutions. It has grown from 100 clients in 2005 to about 2,000 clients today.</p>