SingleHop, a Chicago, Illinois-based IaaS and cloud-enabled, managed hosting company for SMBs, secured $14.8m in venture debt financing.
Silicon Valley Bank and Farnam Street Financial provided the financing, which added to the company’s 2012 Series A round of $27.5m, led by Battery Ventures (read here).
The company will use the proceeds to continue to grow, further build out its technology products and services, and make strategic investments.
Founded in 2006 and led by Zak Boca, CEO, SingleHop provides a platform for cloud IaaS and managed hosting for SMBs, enterprises, and service providers. SingleHop serves more than 4,000 customers in more than 124 countries with data centers across the U.S. and Europe.
FinSMEs
20/05/2014