Data center firm raises $3 million

computer

A Denver-based company that operates data centers for cloud storage is ending the year with a $3 million capital raise.

Faction, which sells space in its seven data centers to IT departments at mid-market companies, raised the money from three investors in a round that closed Dec. 21, SEC filings show.

The company said in a press release that it needs the money to meet rising demand from customers.

This week’s raise brings Faction’s total capital to $25 million since 2013, according to SEC filings.

The company did not return messages from BusinessDen seeking comment.

Besides its headquarters at 1660 Lincoln St. and Denver data centers, the company lists seven other locations in California, Washington, Chicago, New York, New Jersey, Georgia and London.

Faction was founded under the name PeakColo in 2012.

Earlier in December, Faction announced it had raised equity capital this year from Denver-based private equity firm Meritage Funds and Red Bank, New Jersey-based Sweetwater Capital, both existing investors, as well as debt financing from New York City-based Ares Capital Corp.

computer

A Denver-based company that operates data centers for cloud storage is ending the year with a $3 million capital raise.

Faction, which sells space in its seven data centers to IT departments at mid-market companies, raised the money from three investors in a round that closed Dec. 21, SEC filings show.

The company said in a press release that it needs the money to meet rising demand from customers.

This week’s raise brings Faction’s total capital to $25 million since 2013, according to SEC filings.

A Denver-based company with offices across the U.S. is loading up another $3 million in a recent capital raise.

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