Tech Company Financing Transactions
Coraid Funding Round
Coraid, based in Athens, secured $25 million from Menlo Ventures, Allegis Capital and Azure Capital Partners.
Transaction Overview
Company Name
Announced On
11/15/2010
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Series B
Investors
Menlo Ventures (Lead Investor) (John Jarve)
Allegis Capital (Lara Druyan)
Azure Capital Partners (Paul Weinstein)
Proceeds Purpose
This Series B investment positions Coraid for rapid growth in the coming years, and enables us to accelerate the development of new disruptive technologies. Most importantly, the new funding enables us to provide enterprise-class support to our customers worldwide, and help them take full advantage of Ethernet SAN technology.
Company Information
Company Status
Private & Independent
Industry
Storage
Mailing Address
220 College Ave. 615
Athens, GA 30601
USA
Athens, GA 30601
USA
Phone
Undisclosed
Website
Email Address
Overview
Coraid redefines storage economics with its breakthrough line of EtherDrive storage solutions. EtherDrive delivers scale-out performance, Ethernet simplicity, and 5-8x price performance advantage over legacy storage.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Founder
Brantley Coile
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