# Grey Area

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/grey-area

- Industry: Software
- Headquarters: Helsinki, Finland
- Website: www.greyarealabs.com
- Total disclosed funding: $2.5M
- Latest round: Series A (Sep 6, 2011)
- Investors on record: 4

## About

Grey Area is a technology firm specializing in advanced web hosting solutions, empowering users to manage websites, applications, and servers efficiently through its innovative platform.Founded in 2008 in Helsinki, Finland, Grey Area operates in the technology sector, providing web hosting control panels. The firm has engaged in three significant deals, with the most recent deal occurring on June 15, 2015. The company secured USD 2.50 mn in its Series A funding round from investors including Index Ventures, Initial Capital, and London Venture Partners, raising a total of USD 2.50 mn. The founders, ArAnanjana Hareendrakumar and Eileen Lee, have an established background in the tech industry.Grey Area's flagship product, Plesk Obsidian 18.0.71, is a comprehensive web hosting control panel designed for various end users, including web hosting providers and IT professionals. It offers features that simplify website and application management, including a user-friendly interface, integrated security tools, and support for multiple programming languages. The platform aids clients in automating tasks and managing domains, serving a diverse global customer base, especially in North America, Europe, and Asia.For the most recent year, Grey Area reported revenue of USD 226,005.90, with an EBITDA of USD -393,101.40. The company operates on a subscription-based revenue model, generating income from software licensing and customer support services, with clients customizing their subscriptions based on specific features and support levels.Looking ahead, Grey Area intends to expand its product offerings and explore new markets. The company plans to launch upcoming features for Plesk and expand its presence in regions not yet fully served. Recent funding will be utilized to support the development of new services and enhance marketing strategies aimed at reaching wider customer segments. The most recent deal in June 2015 marked a pivotal moment for the company.

## Funding rounds

- Series A, Sep 6, 2011, $2.5M — Index Ventures, London Venture Partners, Initial Capital
- Seed, Nov 1, 2010 — Lifeline Ventures

## Investors

- Lifeline Ventures (https://capitalatlas.ai/funds/lifeline-ventures) — Seed
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series A
- London Venture Partners (https://capitalatlas.ai/funds/london-venture-partners) — Series A
- Initial Capital — Series A