Foley Hoag LLP recently represented venture capital firm CRV in its investment in Zerto, a provider of enterprise-class disaster recovery and business continuity software specifically for virtualized data centers and cloud environments.
The $20 million financing led by CRV is in addition to the $50 million growth financing raised by Zerto in early January 2016, bringing Zerto’s total Series E financing round to $70 million.
Founded in 1970 and with offices in Cambridge, MA and Menlo Park, CA, CRV is one of the nation's oldest and most successful early-stage venture capital firms with approximately $1.5 billion under management. CRV is dedicated to helping exceptional entrepreneurs turn their ideas into the next category leaders in high growth technology and media sectors.
Zerto is dual-headquartered in Israel and the United States. The company's flagship product, Zerto Virtual Replication, has become the standard for protection, recovery and migration of applications in cloud and virtualized data centers.
Foley Hoag partner Mark Haddad and associate Matthew Kopko represented CRV in the transaction.