Cloud data storage company Nasuni has padded its war chest with a $38 million growth equity investment led by a Goldman Sachs fund.
The new funding brings the Boston-based company’s total venture capital haul to about $120 million since it was founded in 2009. Nasuni last raised money in December 2016, a $25 million combination of equity and debt financing.
The company wasn’t intending to raise more capital until later this year or early 2018, says president Paul Flanagan in an e-mail to Xconomy. But plans changed, he says, after Nasuni’s business momentum grew and it added to its management team—including hiring Flanagan (pictured above), who previously invested in Nasuni when he was at Sigma Prime Ventures and Sigma Partners.
Read the full Xconomy article to learn more about Nasuni’s latest round of funding here: