Nasuni secured an additional $25 million in new equity financing coupled with a $15 million debt facility to fund the company’s growth. Nasuni has now raised more than $100 million in the past three years.
“During these uncertain times for the global economy, Nasuni continues to shine,” David Campbell, managing director at Goldman Sachs and board member at Nasuni, said. “With data capacity under management growing by over 50% annually, a net expansion rate of greater than 115% in each of the last five years and a capital-efficient business model, Nasuni’s differentiated value stands out. The pandemic has forced enterprise IT to accelerate moving their file infrastructure to the cloud, and Nasuni allows them seamless data access globally from both the cloud and the data center. Nasuni is in a great position to expand and become the market leader not just for cloud file storage but for all enterprise file storage.”
The new equity round features a mix of new and existing investors, such as family offices, venture capital and corporate venture, bringing Nasuni’s total funding since inception to $169 million. Prior investors, including Goldman Sachs, Telstra Ventures, Northbridge Venture Partners and others, also participated. Nasuni has yet to use the $25 million it raised in its previous financing round, which it announced in February 2019.
Additionally, Silicon Valley Bank provided Nasuni with a $15 million credit facility, which Nasuni will use to fund acquisitions and other strategic projects.
“Closing major funding during these times of economic uncertainty is a testament to the promise that our investors see in Nasuni,” Paul Flanagan, president and CEO of Nasuni, said. “When national and local governments issued lockdowns and stay-at-home orders to combat the virus, organizations were faced with a unique challenge: to deliver access to files and manage data center infrastructure remotely. With this new financing, we have all the resources we need to meet the growing demand.”
Nasuni is a provider of cloud file storage.