Tech Company Financing Transactions
Faction Funding Round
Faction secured a $4 million funding round on 1/9/2014. Backers included Meritage Funds and Sweetwater Capital.
Transaction Overview
Company Name
Announced On
1/9/2014
Transaction Type
Venture Equity
Amount
$4,000,000
Round
Undisclosed
Investors
Meritage Funds (David Solomon)
Proceeds Purpose
The funding will help support key partnerships including a recently announced agreement with Telx, provider of global interconnectivity and datacenter solutions. The funding will also support Peak's continued explosive demand for cloud computing services due to its unique channel-centric sales and service model.
Company Information
Company Status
Private & Independent
Industry
Infrastructure
Mailing Address
1660 Lincoln St. 1600
Denver, CO 80264
USA
Denver, CO 80264
USA
Phone
Website
Email Address
Overview
Faction (formerly Peak), started in 2006 as an inspired, Cloud IAAS collective, populated by some of the most award-winning IT engineers and thought leaders in the cloud computing industry.
Management Team
Title
Name
Email & Social
Browse more venture capital transactions:
Prev: 1/9/2014: Matrix Solutions venture capital transaction
Next: 1/9/2014: FRX Polymers venture capital transaction
Share this article
About Our VC Transactions Data
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from a variety of public sources. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs