Colocation Provider Involta Raises $50 Million in Equity Financing

Involta, a provider of colocation and cloud hosting services throughout the United States, has announced a $50 million equity financing round led by M/C Partners. The financing will enable Involta to make strategic acquisitions, and support its rapid growth in offering colocation and managed services throughout the country.

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Inside one of Involta’s colocation facilities located in Tier II and Tier III markets across the Unites States

Involta was founded in 2007 and owns and operates data center facilities throughout the United States. The company’s growth would have been accelerated with the recently-launched Involta CompliantCloudSM services platform, comprising infrastructure, storage, network and backup and recovery services.

M/C Partners led the institutional funding round, which also included Morgan Stanley Alternative Investment Partners.

“We envision Involta playing a leading role in the data center space in the coming years, particularly in tier II and tier III markets that are still very underdeveloped in terms of infrastructure,” said Gillis Cashman, managing partner, M/C Partners. “There is a tremendous need for infrastructure in those areas, and Involta is very well-positioned to address those needs with its superior platform and services.”

Successful investments

“We are thrilled to be partnering with M/C Partners for the next chapter of our growth,” said Bruce Lehrman, Involta CEO. “They have a tremendous reputation in our industry and share our vision for continued expansion.

M/C Partners has a number of successful investments in the data center space, led by past portfolio companies Fusepoint and Attenda. Fusepoint, Inc., a privately held managed hosting and colocation services company, was sold to Savvis, in 2010. Attenda Ltd, a provider of managed hosting services to UK enterprises, was sold to Darwin Private Equity, a London-based mid-market private equity firm, in 2011.

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