DTCP Leads $40m Investment Round in Cloud Platform Company Fastly
As DTCP's first investment from its second venture / growth fund, DTCP acts as lead investor in Fastly, alongside Sozo Ventures and Swisscom Ventures, and existing investors Sapphire Ventures and Battery Ventures, a.o. Fastly’s edge cloud platform enables digital companies to accelerate the pace of technical innovation, mitigate evolving threats, and scale on demand.
Menlo Park, California / Hamburg, Germany, 16 July 2018 – DTCP today announced that it is leading the $40m funding round in the edge cloud platform Fastly, together with Sozo Ventures, Swisscom Ventures, and other existing investors. Fastly is DTCP’s first investment from its second venture / growth fund.
Fastly’s edge computing solution enables developers and businesses to securely process data on the way to the user’s device, reducing latency so brands can meet customer demand with zero downtime or lag. The company helps the world’s most popular digital businesses keep pace with their customer expectations by delivering fast, secure, and scalable online experiences, and has powered leading companies like GitHub, Ticketmaster, and Pinterest since its inception in 2011. Today, content served through Fastly is viewed by more than three billion people around the world every month, equating to more than 75% of all worldwide internet users.
“Speed and security are the backbone of a strong Internet, and Fastly provides the most valuable, differentiated approach to this that we’ve seen. We look forward to supporting Fastly as it corners the cloud services market and accelerates its diverse leadership,” said Jack Young, Partner and Head of Venture Capital at DTCP in the Silicon Valley Office. “We’re proud to announce a pioneering tech company like Fastly as our first investment from DTCP’s second venture fund which will focus on venture and growth stage enterprise SaaS companies from North America, Israel and Europe,” said Vicente Vento, Co-Founder and CEO of DTCP.
“The amount of data shared online and across devices is at an all-time-high, and it’s expected to grow 10x by 2025. As customer demand skyrockets, businesses need to provide seamless and secure real-time experiences. That’s why Fastly’s edge cloud platform is a critical business advantage,” says Artur Bergman, founder and CEO of Fastly. “We will continue to grow by putting our values first, optimizing and scaling our services for security, real-time data processing and delivery at the edge. Having gained DTCP as an investor will certainly add to our leverage, especially in Europe and Israel, and we are thrilled to kick-off this new partnership.”
The funding round will allow Fastly to continue expanding its edge cloud services for leading digital publishing, ecommerce, and streaming companies, as well as explore the increasing market demand across financial services, healthcare, and connected vehicles and devices.
DTCP is an investment management group with c. $1.6 billion assets under management and advisory from Deutsche Telekom and other institutional investors, and a portfolio of over 60 companies. The group is dedicated to providing venture capital, special situation investments, and advisory services to the technology, media and telecommunication sectors. It operates and invests in Europe, the US and Israel. To learn more about DTCP, visit www.telekom-capital.com or @TelekomCapital on Twitter.
Fastly helps the world’s most popular digital businesses keep pace with their customer expectations by delivering fast, secure, and scalable online experiences. Businesses trust Fastly’s edge cloud platform to accelerate the pace of technical innovation, mitigate evolving threats, and scale on demand. Founded in 2011, Fastly powers online destinations including Airbnb, GitHub, Alaska Airlines, Pinterest, Vimeo, The Guardian, The New York Times, and Ticketmaster. Learn more at Fastly.com and follow us on Twitter @fastly.
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