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
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
DigitalOcean LinkedIn Company Profile
Social Media
DigitalOcean Company Twitter Account
Company News
DigitalOcean News
Facebook
DigitalOcean on Facebook
YouTube
DigitalOcean on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Yancey Spruill
  Yancey Spruill LinkedIn Profile  Yancey Spruill Twitter Account  Yancey Spruill News  Yancey Spruill on Facebook
Chief Financial Officer
William Sorenson
  William Sorenson LinkedIn Profile  William Sorenson Twitter Account  William Sorenson News  William Sorenson on Facebook
Chief Marketing Officer
Carly Brantz
  Carly Brantz LinkedIn Profile  Carly Brantz Twitter Account  Carly Brantz News  Carly Brantz on Facebook
Chief Technical Officer
Barry Cooks
  Barry Cooks LinkedIn Profile  Barry Cooks Twitter Account  Barry Cooks News  Barry Cooks on Facebook
Vice President
Rafael Mojica
  Rafael Mojica LinkedIn Profile  Rafael Mojica Twitter Account  Rafael Mojica News  Rafael Mojica on Facebook
VP - Engineering
AI Sene
  AI Sene LinkedIn Profile  AI Sene Twitter Account  AI Sene News  AI Sene on Facebook
VP - Finance
Adrienne Calderone
  Adrienne Calderone LinkedIn Profile  Adrienne Calderone Twitter Account  Adrienne Calderone News  Adrienne Calderone on Facebook
VP - General Counsel
Alan Shapiro
  Alan Shapiro LinkedIn Profile  Alan Shapiro Twitter Account  Alan Shapiro News  Alan Shapiro on Facebook
VP - Product Management
Apurva Joshi
  Apurva Joshi LinkedIn Profile  Apurva Joshi Twitter Account  Apurva Joshi News  Apurva Joshi on Facebook


 

 

Browse more venture capital transactions:

Prev: 7/9/2014: Spark venture capital transaction
Next: 7/9/2014: Zynstra venture capital transaction

 

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We do our best to report on every notable VC transaction. VC investment data records on this site are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.

 


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