RTP Ventures leads $13m Series C round for Zerto


new york_sqNew York-based venture capital firm RTP Ventures has led a $13m Series C round for virtualized data centers business Zerto, which had raised $21.2m in previous rounds.

Existing investors Battery Ventures, Greylock and US Venture Partners also participated in the round.

Over the past year, Zerto won new customers including Univita Health, University of Louisville Physicians, SGS and Kingfisher IT Services and expanded its Cloud Disaster Recovery Ecosystem to 100 cloud providers from 33.

Murat Bicer, RTP Ventures managing director, said, “As global businesses increasingly adopt cloud and virtualized data centers to deploy critical applications, their number-one priority is ‘no-compromises’ data protection.

“Zerto recently emerged as a game changer by pioneering the market for BC/DR solutions in virtualized and cloud environments.

“After successfully completing numerous milestones, Zerto is the de facto standard for virtualized disaster recovery, and is well positioned to expand its global customer and partner footprint.”

RTP Ventures, which is associated with Moscow-based investment group ru-Net, is focused on the cloud computing, software as a service, and enterprise infrastructure sectors.

The firm has recently opened an office in New York, adding former Battery Ventures exec Murat Bicer to the firm’s Boston office. It has also recently hired Jalak Jobanputra to join its New York office.

RTP was founded by Russian internet entrepreneur Leonid Boguslavsky, backer of ecommerce successes Yandex and Ozon.

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