Access Industries helped supply $33m in equity funding for the cloud management software developer, which also unlocked up to $20m in venture debt financing.
US-based cloud infrastructure management software developer Zerto has agreed up to $53m in financing, including $33m in equity funding from investors including conglomerate Access Industries’ Israeli subsidiary ClalTech.
Poalim Capital Markets, an investment subsdiary of financial services firm Bank Hapoalim, also contributed to the equity portion, as did 83North, IVP, Battery Ventures, Harmony Partners, RTP Ventures and US Venture Partners (USVP).
The equity commitments will enable Zerto to draw up to $20m in additional venture debt through an existing credit…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
