Vanedge Capital invests in HyTrust's $33 mln follow-on financing
HyTrust Inc, a U.S. cloud security automation company, has raised US$33 million in follow-on equity and debt financing. The round was led by Accelerate-IT Ventures and was joined by a new investor: Canadian venture capital firm Vanedge Capital. Existing backers, including Epic Ventures, Granite Ventures, Trident Capital and strategic groups, also committed to the round. With the deal's closing, Vanedge Capital Partner Moe Kermani has joined the company's board as an observer. The Silicon Valley-based HyTrust said the new funds will be used to support product development and innovation, accelerate sales and marketing, and boost global expansion.
1 April 2015•4 mins read
