We’re always excited when we fund another company from our hometown of Seattle. Recently, we were able to provide $250,000 in funding to VirtualQube, a cloud services company focused on removing IT complexity for businesses.
Our Chief Investment Officer, Molly Otter, said, “One of the things we like about VirtualQube is their focus on supporting small- and medium-sized businesses. Through their hosted private cloud services, they are bringing the type of robust and reliable technology solutions traditionally reserved for bigger businesses to companies of any size. Their service allows their customers to focus more of their energy on building their businesses. It’s the same philosophy that drives us here at Lighter Capital, so it’s great when we can support a growing business like VirtualQube that is also making life better for other growing companies.”
In the first year of offering cloud services, VirtualQube eclipsed $3 million in revenue drawn from a customer base that spans a wide range of industries including construction, legal, accounting, medical and retail.
Said VirtualQube Founder and CEO, Scott Gorcester, “Lighter Capital made the entire process simple and easy. They were a pleasure to converse with, and showed a true interest in not only ensuring Lighter Capital was the right fit for our company, but that they could help VirtualQube grow by leaps and bounds. We are pleased to have them not only as financiers, but allies as we grow this business.”
VirtualQube offers complete hosted private cloud solutions engineered to augment or replace a business’s in-house servers and server software. They have worked with the US Navy, Dallas Fort Worth and Seattle International Airports, as well as Bonneville Power and Princess Margaret Hospital—organizations that can’t accept downtime or headaches when it comes to their technology.