Wednesday, December 4, 2013
DreamHost Raises $30M
Los Angeles-based hosting company DreamHost is announcing this morning that it has raised $30M in a debt financing round, from Goldman Sachs. According to the company, the funding was structured as a $25M term loan and $5M revolving line, and will go towards buying back the stake of one of the company's founders, to pay down equipment financing, and to make cash available for growth and working capital. Terms of the loans were not announced by the company. DreamHost, which is led by Simon Anderson, said the funds will go towards accelerating customer growth worldwide. The company was advised by DH Capital in the funding. Dreamhost offers up a wide range of web hosting services, including domain name registration, web hosting, Wordpress hosting, cloud computing, cloud storage, and other services. The company said the financing closed November 27th.