Menlo, Iris and FSN lead $22m round for Scality

Existing backers Idinvest, Omnes Capital and Galiléo Partners also participated in the funding round.

The company will direct the fresh funding towards the development of its marketing strategy and the expansion of its R&D team in Paris.

FSN PME is a state-backed venture fund managed by CDC Entreprises. The fund had its capacity axed by a quarter last month.

Previous funding
In March 2011, Idinvest Partners led a $7m series-B round for Scality. Existing shareholders Crédit Agricole Private Equity and Galiléo also participated in the round. The investors contributed $5m in the series-A round in June 2010.

Company
Founded in 2009, Scality is a provider of scalable storage platform software solutions. Its product can be deployed to enable email solutions for cable and telecoms operators, or as a system to enable and grow cloud storage services for hosting providers or other storage-intensive services. The company is based in Paris, France.

People
Doug Carlisle is director of Menlo. Guillaume Meulle is a partner at Iris.

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• Topics
• France
• Technology
• Expansion
• France
• Iris Capital (Part’Com)
• IDInvest Partners (AGF Private Equity)