Zerto announces $50 million growth financing
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- Published: Thursday, 14 January 2016 09:19
Zerto has announced that it has secured a $50 million Series E financing led by IVP and has achieved a fourth consecutive year of 100percent+ sales growth.
The additional capital will support continued product development to increase the flexibility of software defined, hybrid cloud infrastructures for easier adoption and use by business leaders in a wide range of industries.
As a later stage venture capital investor, IVP’s noteworthy successes include high profile technology companies AppDynamics, Domo, Marketo, Netflix, Pure Storage, Snapchat, and Twitter.
IVP led the financing round which included new investor, Access Industries, via its Israeli entity, Claltech. The round also included participation from all current investors: 83North, Battery Ventures, Harmony Partners, RTP Ventures, U.S. Venture Partners, and Mark Leslie who also serves on Zerto’s Board of Directors.
The round brings Zerto’s total financing to over $110 million, and will allow Zerto to continue the momentum it has built with 2,200 customers spanning financial services, healthcare, insurance, legal and education, and a channel network of 250 cloud service providers and 900 resellers.
