Zerto raised $33 million in equity financing, which will allow the company to draw up to $20 million in additional venture debt under an existing credit facility. The round is supported by existing investors, including Access Industries via its Israeli entity Claltech, 83North, Battery Ventures, Harmony Partners, IVP, RTP Ventures and U.S. Venture Partners. These investors are alongside a new investor, Poalim Capital Markets, the investment arm of Israel’s Bank Hapoalim, as well as Zerto’s venture debt provider, Kreos Capital.
“This investment further validates our vision and direction as innovative leaders in the IT resilience market,” Ziv Kedem, CEO of Zerto, said. “It’s gratifying to receive long-term commitments from our existing investors, and to add a new important investor to our roster: Poalim Capital Markets. This is another milestone for the business and allows us to confidently push forward with our plans to provide customers with a solution for their next generation business realities.”
“Zerto is fast becoming a major success story in the IT industry. It’s an exciting time to join such a committed group of investors who hold profound belief in Zerto’s resilience proposition and the team’s ability to execute,” Talor Erdan, head of technology and investment banking at Poalim Capital Markets, said. “Investing in Zerto ideally matches Poalim Capital Markets’ technology investment strategy, investing in a winning team with market-leading products and strong commitment to innovation.”
