What is Egenera?
Egenera is a provider of wholesale cloud services tailored for the global IT channel. Through its Xterity platform, the company offers a comprehensive suite of Infrastructure-as-a-Service (IaaS), Backup-as-a-Service (BaaS), Disaster Recovery-as-a-Service (DRaaS), and cloud migration solutions. These services are designed to empower partners to deliver recurring revenue cloud services with minimal upfront investment and attractive profit margins. Founded in 2000 and headquartered in Marlborough, MA, Egenera has positioned itself as a key enabler for IT channel partners looking to expand their cloud offerings.
How much funding has Egenera raised?
Egenera has raised a total of $171.2M across 9 funding rounds:
Series A
$20M
Series B
$30M
Series C
$44M
Series D
$30M
Series E
$26M
Debt
$2M
Unspecified
$3M
Unspecified
$16M
Debt
$175K
Series A (2000): $20M with participation from Spectrum Equity, Goldman Sachs, Kodiak Venture Partners, and YankeeTek Ventures
Series B (2002): $30M led by Spectrum Equity, Goldman Sachs, Austin Ventures, Kodiak Venture Partners, and YankeeTek Ventures
Series C (2002): $44M supported by Crosslink Capital, UBS, and Mizuho Corporate Bank
Series D (2003): $30M featuring Kenneth Zolot, Goldman Sachs, Crosslink Ventures, Technology Crossover Ventures, Credit Suisse First Boston Equity Partners, Kodiak Venture Partners, Lehman Brothers Holdings, Spectrum Equity, and Austin Ventures
Series E (2006): $26M backed by Pharos Capital Group
Debt (2009): $2M, investors not publicly disclosed
Unspecified (2009): $3M, investors not publicly disclosed
Unspecified (2014): $16M supported by Comvest Partners
Debt (2021): $175K featuring PPP
Key Investors in Egenera
Spectrum Equity
Spectrum Equity is an equity firm providing capital and strategic support to companies in the information economy. Spectrum Equity was founded in 1994 and is headquartered in Boston, Massachusetts.
Goldman Sachs
Goldman Sachs is a leading global investment banking, securities, and investment management firm. It provides a wide range of financial services to corporations, governments, and institutional and individual clients, including mergers and acquisitions advisory, underwriting, asset management, securities trading, and wealth management. Known for its influential role in global capital markets, Goldman Sachs also engages in risk management, financing, and strategic advisory services worldwide.
Kodiak Venture Partners
Founded in 1999, Kodiak manages three funds totaling $676M and targets companies in North America. Kodiak focuses on seed and early stage investments in emerging communications/wireless, semiconductor/equipment, software/services, internet/new media, and life technology companies. Kodiak's partners are successful high-technology business entrepreneurs who take a hands-on approach to building market leaders. Previous Kodiak investments have included ALIS Corporation, Fluxion Biosciences, and Groove Mobile.
What's next for Egenera?
The substantial enterprise-level funding Egenera has accumulated, coupled with its recent strategic investment, indicates a strong market position and a clear path for continued expansion. This financial reinforcement is likely to fuel further development of its Xterity platform, enhance its service delivery capabilities, and broaden its reach within the IT channel ecosystem. The company is well-poised to capitalize on the growing demand for robust and scalable cloud solutions, enabling its partners to drive digital transformation for their end clients.
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