MacStadium Receives $3M Debt Facility from Silicon Valley Bank
Summary
MacStadium.com, an Atlanta, GA-based Mac hosting authority and provider of Mac Pro private cloud infrastructure-as-a-service around the world, received a $3m debt facility.Silicon Valley Bank provided the financing.The company, which recently raised a growth capital investment from Summit Partners and Noro-Moseley partners, will use the financing for general corporate purposes.Founded in 2012 and led by Gregory McGraw, CEO, MacStadium leverages its proprietary, patented platform and dedicated servers to provide hosted cloud solutions to iOS developers in more than 50 countries around the world.With operations in Atlanta, Georgia, Las Vegas, Nevada and Dublin, Ireland, the company serves more than 2,500 customers.
Funding
Amount
$3.0M
Total raised
Date
June 13, 2017
Announcement date
Investors
SVB Capital
Lead investors
Company
http://www.macstadium.com
Funded company
Classifications
industries
Fintech & Banking
applications
Collaboration & Communication
AskAI Classifications
Labels
Cloud Infrastructure
DevOps Tools
Software Virtualization
Linked Companies
MacStadium
$10M to $25M