Tech Company Financing Transactions
DigitalOcean Funding Round
CapX Partners participated in a $10 million funding round for DigitalOcean. The funding round was announced on 7/9/2014.
Transaction Overview
Company Name
Announced On
7/9/2014
Transaction Type
Debt
Amount
$10,000,000
Round
Undisclosed
Investors
CapX Partners (Peter Washington)
Proceeds Purpose
CapX developed a strategy that allowed Digital Ocean to draw down incremental tranches of capital to better match the Company's scaled financing needs. The Lease Line of Credit structure helps Digital Ocean manage its capital efficiently during the new shareholder's investment period.
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
101 Ave. of the Americas
New York, NY 10013
USA
New York, NY 10013
USA
Phone
Website
Email Address
Overview
Founded in 2012, and with offices in New York and Cambridge, MA, DigitalOcean provides the easiest cloud platform to deploy, manage, and scale applications of any size, removing infrastructure friction and providing predictability so developers and their teams can spend more time building better software. We offer simple services, transparent pricing, an elegant user interface.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Yancey Spruill
Chief Financial Officer
William Sorenson
Chief Marketing Officer
Carly Brantz
Chief Technical Officer
Barry Cooks
Vice President
Rafael Mojica
VP - Engineering
AI Sene
VP - Finance
Adrienne Calderone
VP - General Counsel
Alan Shapiro
VP - Product Management
Apurva Joshi
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Prev: 7/9/2014: Spark venture capital transaction
Next: 7/9/2014: Zynstra venture capital transaction
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