Seaport Capital, a private equity firm with lengthy experience in the data center sector, today was identified as the new investor in managed hosting provider Voxel. The company's funding was first revealed in January, without naming the investor.
Voxel completed a $5.5 million Series A capital raise from Seaport Capital, which owns San Diego colocation provider American Internet Services (AIS) and has previously been a major investor in Switch and Data and Peak 10. The funding will provide Voxel with growth capital to support increased sales activities and accelerate the deployment of its automated infrastructure services, including physical and virtual servers, content delivery, application hosting and private cloud solutions in North America, Europe and Asia.
"Voxel is an innovative technology and service company in an industry that is seeing tremendous growth," said Jim Collis, Founding Partner of Seaport Capital, who will join Voxel’s Board of Directors. "With the leading edge technology platform Voxel has built, we’re excited to work with management and provide the growth capital Voxel needs."
Investment banking firm DH Capital advised Voxel on the capital placement and structured a transaction that allowed Voxel’s founders to remain active in the business while adding the management and financial resources needed to grow in the fast-paced infrastructure as a service (IaaS) industry.
"Matching Voxel with Seaport Capital was a terrific outcome for both parties," said Adam Lewis, Managing Director at DH Capital. "Seaport’s extensive understanding of the infrastructure services market and previous investment experience in the sector will add tremendous value to the Company as it capitalizes on the market opportunity that exists for Voxel’s products and services."
Voxel is based in New York and offers hosting services atop VoxSTRUCTURE, its open automation platform. Its services include on-demand physical and virtual cloud servers, the VoxCAST Global Content Delivery Network (CDN), and a full suite of Managed Services for complex hosting deployments.