ORIX Ventures announced today that it has extended a second round of debt capital to Virtustream, a leading enterprise-class cloud software and Infrastructure as a Service (IaaS) provider. Silicon Valley Bank also renewed its facility with the company. This funding builds upon the initial financing ORIX Ventures provided in March 2013 and will support Virtustream’s continued high growth. Furthermore, the additional debt commitment highlights ORIX Ventures’ strategy to be a long-term capital source to its portfolio companies.
“Virtustream has performed exceptionally well in executing on a massive cloud market opportunity,” said Jeff Bede, Managing Director and Co-Head of ORIX Ventures. “We are committed to supporting their continued growth.”
Headquartered in Bethesda, Maryland, Virtustream is an enterprise-class cloud software and service provider trusted by businesses, cloud service providers and government agencies worldwide. Virtustream’s cloud solutions meet security, compliance, performance and efficiency requirements needed to mitigate and manage the most complex, mission-critical applications across hybrid, private or public cloud environments.
“We have had an excellent relationship with Jeff Bede and the team at ORIX Ventures. As we enter the next phase of our expansion plan, it was natural for us to capitalize on ORIX’s flexibility and long-term focus to access additional growth capital,” said Rodney Rogers, CEO of Virtustream.
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