201930 May

Agosto Secures $6.5 Million in Financing Led by Bridge Bank

Summary

“Agosto’s new strategic relationships with Bridge Bank and SG Credit come after four years of tremendous growth,” stated Michael Majerus, Agosto Vice President of Finance and Human Resources. “Our plans call for an acceleration of this growth in the coming years, and this new capital will allow us to continue to invest in specific areas of the company while maintaining shareholders’ equity interests for the foreseeable future.” About AgostoFounded in 2001, Agosto is a cloud services company that helps organizations leverage Google Cloud products in the private and public sectors by providing technical solutions, change management and training, migration and deployment from legacy systems, ongoing admin support, and custom product development. Agosto is one of the largest Google Cloud Platform Partners globally, headquartered in Minneapolis, Minn. and with sales offices in Chicago, Toronto, Houston, Nashville, San Francisco, and Los Angeles. Geared to serving both venture-backed and non-venture-backed companies, Bridge Bank delivers a broad scope of financial solutions including growth capital, equipment and working capital credit facilities, sustainable energy project finance, venture debt, treasury management, asset-based lending, SBA and commercial real estate loans, ESOP finance and a full line of international products and services. Based in San Jose, Bridge Bank has eight offices in major markets across the country along with Western Alliance Bank’s powerful array of specialized financial services.

Source: Apnews

Funding

$6.5M
Amount
May 30 2019
Date
-
Investor
Agosto
Company

Classifications

Companies