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Link: https://alltechmagazine.com/wasabi-becomes-unicorn/

Wasabi becomes technology’s newest unicorn, Closes $250 Million in New Funding - AllTech Magazine

Wasabi Technologies, the hot cloud storage company, today announced it has achieved unicorn status following $250 million in new funding. Wasabi raised $125 million in Series D equity led by L2 Point Management with participation from Cedar Pine; an affiliate of Cerberus Capital Management; and returning investors including Fidelity Management & Research Company and Forestay Capital, bringing the company’s valuation to over $1.1 billion. Wasabi also expanded its existing debt facility with MGG Investment Group to $125 million. Barclays acted as the sole placement agent on the transaction.
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Found: 29.09.2022

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