DigitalOcean Garners $130,000,000 New Round

  • Feed Type
  • Date
    4/15/2016
  • Company Name
    DigitalOcean
  • Mailing Address
    270 Lafayette Street New York, NY 10012 USA
  • Company Description
    Spin up an SSD cloud server, with full root access, in under a minute. Pricing starts at $5/mo for 512MB RAM, 20GB SSD, 1CPU and 1TB transfer.
  • Website
    http://www.digitalocean.com
  • Transaction Type
    Debt
  • Transaction Amount
    $130,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    DigitalOcean announced Thursday that it has raised $130 million in a credit facility that the company plans to use in large part to expand its global infrastructure as it prepares a key new product launch in December.
  • M&A Terms
  • Venture Investor
    KeyBanc Capital Markets
  • Venture Investor
    Barclays
  • Venture Investor
    HSBC

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