Tuesday, June 25, 2013

PeakColo Lands New Funding

Denver-based cloud computing, colocation, and hosting firm PeakColo has raised $3M in a debt funding, and $1.5M in follow on equity funding, the firm said this morning. The debt came from from Square 1 Bank. According to PeakColo, the funding will go to support the "explosive demand" it is seeing for its cloud computing services. PeakColo said it will also use the funding for growth into new markets. PeakColo said the $1.5Mn in equity is a follow on funding to the $7.5M it raise in August of last year, and came from Meritage Funds and Sweetwater Capital. More information »