At Lighter Capital, we’re proud to be the first source of outside investment for many of the tech startups we fund. We recently invested in Lume, a global provider of cloud and data center services that bootstrapped its way to initial success.
“Lighter Capital really took the time to understand the unique financial and operational details of our business model,” says Lume CEO Kyle Verzello. “Payments scale as we scale, rather than burdening our cash flow with fixed payments, which fits well with our business model. At the same time, this investment also allows us to protect the equity we’ve worked hard to build.”
Founded in 2012, Lume provides private-cloud solutions customized to the needs of their clients, who typically are looking to move software and critical applications to a hosted private infrastructure that meets control, performance, scalability, and compliance requirements. Lume’s client roster includes AdTech Global, 1800 Accountant, and other companies with an international reach.
Lighter Capital’s $400K investment will provide Lume with the funding to move into markets such as Chicago, Dallas, and Los Angeles. Lume will also use the funding to launch new managed cloud, data center, and hybrid infrastructure solutions, and further invest in infrastructure and support staff.
“Almost 90% of Lume’s business comes through channel partners,” says Molly Otter, Lighter Capital’s Chief Investment Officer. “Our investment will help Lume speed up growth by increasing their potential for distribution with key partners in strategic markets.”