Codero Hosting Receives $8 Million in Financing

imgres-2Codero Hosting, a provider of web-based hosting services, announced Tuesday it has received $8 million in financing from Silicon Valley Bank and Farnam Street Financial.
The company plans to use the money to set up data centers throughout the U.S. and Europe to serve more customers from multiple locations.
“We have outpaced our industry’s growth, expanding faster than other hosting and cloud providers due to our commitment to providing customers with unparalleled performance, expertise, support and value,” Emil Sayegh, president and CEO of Codero Hosting, said in a news release. “The support of SVB and Farnam Street Financial helps us accelerate our growth and capitalize on our market success.”
Codero is based in Kansas and opened an office in Austin in 2012.

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