What is Egenera?
Egenera operates as a wholesale cloud services provider, primarily serving the global IT channel. Through its Xterity cloud services, the company offers a comprehensive suite of solutions including Infrastructure-as-a-Service (IaaS), Backup-as-a-Service (BaaS), Disaster Recovery-as-a-Service (DRaaS), and cloud migration. These services are designed for partners looking to deliver cloud solutions with recurring revenue streams, attractive margins, and minimal upfront investment. Founded in 2000 and headquartered in Marlborough, MA, Egenera has evolved to meet the dynamic needs of the IT channel.
How much funding has Egenera raised?
Egenera has raised a total of $171.2M across 9 funding rounds:
Series A
$20M
Series B
$30M
Series C
$44M
Series D
$30M
Series E
$26M
Debt
$2M
Unspecified
$3M
Unspecified
$16M
Debt
$175K
Series A (2000): $20M with participation from Spectrum Equity, YankeeTek Ventures, Goldman Sachs Group, and Kodiak Venture Partners
Series B (2002): $30M led by YankeeTek Ventures, Austin Ventures, Spectrum Equity, Goldman Sachs Group, and Kodiak Venture Partners
Series C (2002): $44M supported by UBS, Mizuho Corporate Bank, and Crosslink Capital
Series D (2003): $30M featuring Goldman Sachs Group, Technology Crossover Ventures, Kodiak Venture Partners, Crosslink Ventures, Lehman Brothers Holdings, Credit Suisse First Boston Equity Partners, Spectrum Equity, Austin Ventures, and Kenneth Zolot
Series E (2006): $26M backed by Pharos Capital Group
Debt (2009): $2M, investors not publicly disclosed
Unspecified (2009): $3M, investors not publicly disclosed
Unspecified (2014): $16M supported by Comvest Partners
Debt (2021): $175K featuring PPP
Key Investors in Egenera
Goldman Sachs Group
Goldman Sachs is a leading global investment banking firm known for its influential role in capital markets, providing a wide range of financial services including underwriting, asset management, and strategic advisory.
Spectrum Equity
Spectrum Equity is an equity firm that provides capital and strategic support to companies within the information economy, focusing on growth and market leadership.
Kodiak Venture Partners
Kodiak Venture Partners is an early-stage investment firm that partners with entrepreneurs in technology sectors, offering hands-on support to build market-leading companies.
What's next for Egenera?
The substantial enterprise-level funding Egenera has attracted throughout its history, coupled with recent strategic investments, positions the company for continued growth and innovation in the competitive cloud services sector. The company's focus on empowering IT channel partners suggests a strategy centered on scalability and market penetration. Future developments are likely to involve enhancements to its Xterity platform, expanding service capabilities, and strengthening its partner ecosystem to drive broader adoption of its wholesale cloud solutions.
See full Egenera company page
