NexGen Storage Garners $10,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f7d90333-69d0-480a-87e1-2454990b4ac0&Preview=1
Date
11/15/2011
Company Name
NexGen Storage
Mailing Address
361 Centennial Parkway Louisville, CO 80027
Company Description
NexGen Storage delivers the industry’s first SAN solutions with configurable, deterministic performance and Quality of Service (QoS) for virtual server environments.
Website
http://www.nexgenstorage.com
Transaction Type
Venture Equity
Transaction Amount
$10,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The company plans to use the new funds to expand sales, marketing, engineering, and operations activities to support accelerating customer demand. NexGen Storage will sell exclusively through resellers and is in the process of signing partners across the country.
M&A Terms
Venture Investor
Next World Capital
Venture Investor
Grotech Ventures
Venture Investor
Access Venture Partners