VC firms in $60m funding round for Scality

Oscar Geen
18 April 2018

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A consortium of VC firms has invested in a $60m funding round for Franco-American data storage company Scality.

All existing investors took part in the financing as well as Scality staff and one new investor, Harbert European Growth Capital.

Galiléo Partners, Omnes Capital, Idinvest, Iris Capital, Menlo Ventures and BPI France have all previously invested in funding rounds for Scality.

Technology-focused investment bank Silverpeak arranged the funding round, which brings the total capital raised by the company to $152m.

The fresh funding will be used to invest in engineering with the goal of simplifying the path to value creation with data.

Previous funding
Omnes Capital and Galiléo Partners first backed Scality alongside business angels, management and employees of the company in June 2010, providing a $5m round of funding.

Idinvest Partners led a $7m series-B round in March 2011 with participation from existing investors before Menlo and Iris Capital led another $22m round in July 2013.

Menlo led another round in August 2015, teaming up with BPI France, BroadBand Tower, Galileo Partners, Idinvest, Iris Capital and Omnes Capital for a $45m expansion deal.

Company
Established in 2009, Scality provides cloud storage facilities to corporate clients including Rackspace, Orange, KDDI, DMM.com, Telstra, Bloomberg Media and Dailymotion. Founded in Paris, France, the company is currently headquartered in the US. Around half of its 200 staff are still based in Paris.

People
Menlo Ventures – Doug Carlisle (partner).
Harbert European Growth Capital – Johan Kampe (managing director).
Scality – Jerome Lecat (CEO).