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    Home»Funds»Platform9 raises additional Series-D funding led by WRVI Capital
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    Platform9 raises additional Series-D funding led by WRVI Capital

    February 26, 20211 Min Read
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    Platform9, an SaaS Managed Kubernetes provider for private and edge clouds, has closed its Series-D funding with an additional USD12.5 million for a total of USD37.5 million

    This round was led by WRVI Capital, with participation from all existing venture investors including NGP Capital, Mubadala Ventures, Canvas Ventures, Menlo Ventures, and Redpoint Ventures.

    The additional funding follows accelerated business momentum in fiscal year 2020, with outstanding YoY growth led by Platform9’s Managed Kubernetes product:

    • 145 per cent growth in ARR (Annual Recurring Revenue)
    • 340 per cent increase in customer base
    • 363 per cent growth in TCV (Total Contract Value)
    • 114 per cent net revenue retention of existing customers, showing strong retention and growth within the install base

    Read more

    Source: Private Equity Wire

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    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

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