Codero is an infrastructure and technology enabler that provides dedicated, managed and hybrid cloud services and facilitates adoption of advanced and custom cloud and technology solutions. The company is led by CEO John Martis and serves over 3,500 customers worldwide. On April 4, 2018, Codero closed a financing to support its transformation to a managed cloud service provider. Proceeds from the offering were used to repay the company’s existing senior indebtedness and to supplement available working capital. The company framed the financing as part of accelerating its transition and continued investment in managed cloud capabilities. Codero Hosting is an Austin, Texas–based provider of dedicated, managed, cloud and hybrid hosting services for businesses of all sizes globally. Led by president and CEO Emil Sayegh, the company delivers on-demand hosting solutions and operates data centers in Phoenix, Arizona and Ashburn, Virginia. Codero received $8M in financing from backers that included Silicon Valley Bank and Farnam Street Financial. The company intends to use the capital to deploy new data centers across the U.S. and Europe. It also plans to expand its hosting portfolio to serve more customers and multiple data center locations.

Total raised

$19M

Funding rounds

2

Latest round

Convertible Note

Latest activity

Jul 2018