Fenwick represented Zerto, an industry leader for IT resilience, in its $33 million equity financing. The equity funding also allows Zerto to draw up to $20 million in additional venture debt under an existing credit facility.
The financing was supported by existing investors Access Industries via its Israeli entity Claltech, 83North, Battery Ventures, Harmony Partners, IVP, Pitango Venture Capital, RTP Ventures and U.S. Venture Partners; alongside a new investor, Poalim Capital Markets, the investment arm of Israel’s leading financial institution, Bank Hapoalim, as well as Zerto’s venture debt provider, Kreos Capital.
The financing accelerates innovation of Zerto’s IT Resilience Platform and reinforces the company’s position in the rapidly evolving data protection market. More information can be obtained from the company’s announcement.
The Fenwick transaction team included corporate partners Cynthia Clarfield Hess and Ran Ben-Tzur and associates Ivan Au and Nikhil Sharma.