We are happy to announce that StorPool has closed Series A funding round. After considering investment offers from several international investment funds, we decided to go with IT Web AD, a newly formed investment company, combining VC terms with deep understanding of technology and building global companies. The deal comes in as an important milestone for StorPool and will provide additional resources to address the fast growing demand for our data storage solution.
While StorPool is still in private beta, it has significant advantages to existing solutions in terms of performance, reliability and efficiency. StorPool would still be one of the first companies to deliver a truly “software-defined storage” solution on the market.
“This deal not only gives us the financial muscle to drive our sales and marketing effort but also gives us solid partners with extensive complementary experience in the IT industry. The funding will also be used to scale our team and accelerate delivery of features requested by our growing customer base” said our co-founder and CEO Boyan Ivanov.
StorPool was founded in 2011 to deliver high performance and cost effective software-defined storage solutions. StorPool was initially backed with seed investment by LAUNCHub, a EUR 9 million seed fund operating in Southeastern Europe.