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Bethesda-Based Virtustream Lands Term Loan from Orix Ventures

05/01/2013
Virtustream, a Bethesda-based developer of software designed to move complex IT environments to the cloud, said on Wednesday it has landed a new term loan from Orix Ventures, which has local offices in Chevy Chase. Financial terms of the deal were not disclosed. The company said it will use the financing to support product enhancements and expansion across new geographic markets. The news comes just over a year after Virtustream raised $15 million in its third round of funding, increasing its total backing to $75 million. Participants in that round included Intel Capital, Columbia Capital, Noro-Moseley Partners and TDF, as well as new investor QuestMark Capital.

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