Tech Company Financing Transactions

Skytap Funding Round

Skytap closed a $6.5 million Series C funding round on 2/5/2014. Backers included Ignition Partners, Madrona Venture Group and OpenView Venture Partners.

Transaction Overview

Company Name
Skytap
Announced On
2/5/2014
Transaction Type
Venture Equity
Amount
$6,450,000
Round
Series C
Investors

Ignition Partners (Frank Artale)

Madrona Venture Group (Matthew McIlwain)

OpenView Venture Partners (Scott Maxwell)

Washington Research Foundation

Proceeds Purpose
To fuel our momentum and drive our next phase of growth, we'll use this capital to support the development of Skytap's channel program, and accelerate our go-to-market strategy in response to the increasing global customer demand we're experiencing. We will also use the funding to continue our investment in developing a passionate team that thrives on seeing their efforts quickly answer real customer demand. This means accelerated hiring as we plan to increase our workforce by an additional 30 percent in the coming year across marketing, field sales and engineering teams.

Company Information

Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
719 2nd Ave. 800
Seattle, WA 98104
USA
Phone
(206) 866-1162
Website
www.skytap.com
Email Address
[email protected]
Overview
Skytap is the leading provider of cloud-based virtualization solutions available as on-demand services over the Web. Virtualization is poised to become the defining technology of the 21st century and Skytap's goal is to make serving up virtual machines over the internet as ubiquitous as delivering html to a browser.
Profile
Skytap LinkedIn Company Profile
Social Media
Skytap Company Twitter Account
Company News
Skytap News
Facebook
Skytap on Facebook
YouTube
Skytap on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Thor Culverhouse
  Thor Culverhouse LinkedIn Profile  Thor Culverhouse Twitter Account  Thor Culverhouse News  Thor Culverhouse on Facebook
Chief Financial Officer
Frank Colich
  Frank Colich LinkedIn Profile  Frank Colich Twitter Account  Frank Colich News  Frank Colich on Facebook
Chief Marketing Officer
Wayne Morris
  Wayne Morris LinkedIn Profile  Wayne Morris Twitter Account  Wayne Morris News  Wayne Morris on Facebook
Chief Technical Officer
Brad Schick
  Brad Schick LinkedIn Profile  Brad Schick Twitter Account  Brad Schick News  Brad Schick on Facebook
VP - Bus. Development
Neil Holloway
  Neil Holloway LinkedIn Profile  Neil Holloway Twitter Account  Neil Holloway News  Neil Holloway on Facebook
VP - Customer Service
Jon Schrader
  Jon Schrader LinkedIn Profile  Jon Schrader Twitter Account  Jon Schrader News  Jon Schrader on Facebook
VP - Engineering
John Ludeman
  John Ludeman LinkedIn Profile  John Ludeman Twitter Account  John Ludeman News  John Ludeman on Facebook
VP - Human Resources
Jill Domanico
  Jill Domanico LinkedIn Profile  Jill Domanico Twitter Account  Jill Domanico News  Jill Domanico on Facebook
VP - Product Management
Daniel Jones
  Daniel Jones LinkedIn Profile  Daniel Jones Twitter Account  Daniel Jones News  Daniel Jones on Facebook
VP - Sales
Andrew Kelly
  Andrew Kelly LinkedIn Profile  Andrew Kelly Twitter Account  Andrew Kelly News  Andrew Kelly on Facebook

 

 

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