C7 Data Centers Raises $9 Million
August 16th, 2010 By: Rich Miller
C7 Data Centers has raised an additional $9 million in growth capital, the company said today. The funding round for the growing colocation and disaster recovery specialist was led by Canopy Ventures, with debt financing from Zions First National Bank.
C7, which has four data centers in Utah, said it plans to use the additional capital to fund additional phases for its data centers, and “allow for new expansion facilities.” The company didn’t offer details on any new projects, but C7 has been linked to Twitter’s plans to expand with a new company-operated data center in Utah.
“Demand for top-tier data center colocation space in Utah is growing,” said Brandon Tidwell, Managing Director, of Canopy Ventures. “C7’s facilities and services have proven to be attractive to companies large and small, both national and multi-national. C7 has implemented a well-designed business strategy to respond quickly to customer needs and provide data center services and support at a reasonable price.”
“For the past three years we have carefully built our management and support teams to provide the world-class, fully-redundant services our customers rely on,” said Nathan Hatch, CEO, C7 Data Centers. “This growth capital will provide additional high-quality inventory for our current and prospective customers’ business operations.”
Thomas Etzel, Senior Vice President, at Zions Bank, described C7 as “a uniquely positioned company with excellent opportunities for growth.”
C7 is a regional data provider specializing in the Utah market, where it operates two facilities in Lindon and one apiece in Salt Lake City and Orem.