Fidelity led a series C round for NTT Docomo-backed cloud storage services provider Wasabi that increased its valuation to $700m.
Wasabi, a US-based hot cloud storage provider backed by mobile network operator NTT Docomo, collected $112m yesterday in a series C round led by investment and financial services firm Fidelity.
The round included unnamed existing backers and followed $27.5m in debt financing from MGG Investment Group in January 2021. The company said it has raised $219m of equity funding to date, and the round valued it at $700m according to TechCrunch.
Founded in 2017, Wasabi provides hot cloud storage services…
