PeakColo Secures $4.5M in Financing

PeakColo, a Denver, CO-based enterprise-class IaaS Cloud service provider for channel partners, secured $4.5m in financing.

The round includes a $3m debt facility from Square 1 Bank and $1.5m in equity funding from from Meritage Funds and Sweetwater Capital. This latest financing followed a $7.5m round the company had raised in Sept. 2012 (read here).

The company intends to use the funds to grow throughout existing markets, and exoand into new markets.

As an Infrastructure-as-a-Service (IaaS) provider, PeakColo offers channel providers white-label VMware vCloud®-Powered cloud computing platforms in six geographies across the United States and in Europe including Seattle, Denver, Chicago, New Jersey, New York, and the United Kingdom.

Led by Led by Luke Norris, CEO and Founder, and Sharon Kincl, Vice President of Finance and Administration, PeakColo provides an enterprise-class Infrastructure-as-a-Service (IaaS) cloud service to channel partners.
With its hosted private and public clouds, and white label cloud services, the company allows resellers and agents enter the cloud marketplace under their own brand without capital expenditure. It operates Type II SSAE 16 and SOC 2 compliant data centers in six geographies across the United States and in Europe (Seattle, Denver, Chicago, New Jersey, New York, and the United Kingdom) that offer a cloud environment containing thousands of virtual machines and multiple petabytes of storage for public, private, hybrid and disaster recovery solutions.
PeakColo is VMware vCloud® Powered and is a Platinum-level NetApp service provider.

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About Square 1 Bank
Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1’s expertise, focus and strong capital base provide flexible resources and unmatched support to meet our clients’ needs. The bank offers tailored products and solutions aided by the latest in technological innovations. Square 1 has offices coast to coast in Austin, Boston, Denver, Durham, Los Angeles, New York, San Diego, Seattle, Silicon Valley and Washington, DC. For more information, visit .

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