Gigas, a cloud hosting provider from Spain with 3,000 customers and offices in five countries, has announced an additional $2.7 million in funding to accelerate the company’s growth plans across Latin America. The funding builds on the $6.4 million from current investors Cabiedes & Partners, Bonsai Venture Capital and Caixa Capital Risc.
In just two years of operations, Gigas has emerged as a prominent cloud hosting provider in their native Spain and is now replicating its success in key markets throughout Latin America. In the past twelve months alone, the company has opened offices in Chile, Colombia, and Peru, grown revenues in those markets by up to 30% a month, and secured customers like Wal-Mart, Iberia, Aon and the United Nations along the way.
“By investing in Spanish-first service and by developing a strong local presence in Latin markets, we’ve been able to triple revenues over the past twelve months and secure internationally-known enterprise customers,” said Diego Cabezudo, Founder and CEO, Gigas. “Our ‘think global, act local’ philosophy is clearly making an impact, and we look forward to cultivating further growth in what we believe are significantly underserved markets.”
“Gigas has built a world-class cloud hosting business that provides best-in-class solutions and services to customers worldwide,” said Javier Cebrian, General Partner at Bonsai Venture Capital. “Although there are much larger adversaries in the industry, from a competitive standpoint, Gigas has found time and again that businesses are more interested in excellence than incumbency.”