DigitalOcean Lands $10,000,000 New Financing Round

  • Feed Type
  • Date
    7/9/2014
  • Company Name
    DigitalOcean
  • Mailing Address
    270 Lafayette St. New York, NY 10012 USA
  • Company Description
    DigitalOcean isn’t planning to get into the game of cutting prices on its services the way Amazon does. But he said those price cuts can be “somewhat irrelevant,” as they apply to services that few AWS users pay for.
  • Website
    http://www.digitalocean.com
  • Transaction Type
    Debt
  • Transaction Amount
    $10,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    CapX developed a strategy that allowed Digital Ocean to draw down incremental tranches of capital to better match the Company’s scaled financing needs. The Lease Line of Credit structure helps Digital Ocean manage its capital efficiently during the new shareholder’s investment period.
  • M&A Terms
  • Venture Investor