Octopus leads Zynstra's series-B

Octopus also led the company's $3.8m series-A in September last year, with angel investors also participating in the round. Zynstra's chairman, Jon Craton, also committed to both rounds.

To date, the company has raised more than $12.5m which it intends to use to support continued growth and accelerate innovation of the channel, as well as funding its expansion into the US.

Company
Founded in October 2012 and launched in July 2013, Bath-based Zynstra provides cloud-managed server appliances for small- and medium-sized businesses. It has three products available, which complement its hybrid cloud portfolio: O365 Connect, Education and SMB IT appliances.

Zynstra charges a monthly fee rather than an up-front cost. It designs bespoke IT systems for SMEs that combine cloud-based services with local IT installations.

People
Nick East is co-founder and CEO of Zynstra, while Jon Craton is chairman. Frederic Lardieg is a partner at Octopus.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• Technology
• Expansion
• United Kingdom