Growth Financing Expansion – Update
by Ziv Kedem, CEO of Zerto
“I wanted to let you all know about some good news we announced today; our Series E financing round was increased by $20 million from existing investors and a new investor, CRV. Officially known as a Series E1 round, the $20 million financing is a new addition to the $50 million growth financing led by IVP in early January 2016, bringing Zerto’s total Series E financing to $70 million. To date, the Company has raised $130 million.
CRV’s participation in the Series E1 round is continued validation of the enormous growth expected to come from the markets we serve, as well as Zerto’s solid customer growth and substantial list of satisfied users. General Partner of IVP, Sandy Miller, recently wrote about this development to share his views on the characteristics of a company trending towards a successful IPO.
We look forward to building the company and pushing it forward like we have done so far with more great things to come as we redefine and lead the BC/DR software market.”