Nimble Storage Secures $16,000,000 Series C Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3c0a278e-8f24-45cf-8d93-48b55c0ededa&Preview=1
Date
12/8/2010
Company Name
Nimble Storage
Mailing Address
2645 Zanker Rd. San Jose, CA 95134
Company Description
Nimble Storage has developed the first converged storage and backup solution that significantly reduces the cost and complexity of storing, accessing, and protecting data for enterprises.
Website
http://www.nimblestorage.com
Transaction Type
Venture Equity
Transaction Amount
$16,000,000
Transaction Round
Series C
Proceeds Purposes
The investment will be used to support the company’s rapid growth by expanding sales, marketing and engineering initiatives.
M&A Terms
Venture Investor
Accel Partners
Venture Investor
Lightspeed Venture Partners
Venture Investor
Sequoia Capital