# NexGen Storage

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nexgen-storage

- Industry: Business Support Services
- Headquarters: Louisville, US
- Website: www.nexgenstorage.com
- Latest round: Series A (Feb 7, 2011)
- Investors on record: 2

## About

NexGen Storage offers innovative digital hosting solutions, focusing on enhancing website performance and security for businesses. Their services include managed WordPress hosting and scalable cloud solutions tailored to various customer needs.NexGen Storage was founded in 2010 and is headquartered in Louisville, US. The company specializes in providing digital hosting solutions. In January 2016, the company was acquired by Pivot3, a move that marked a pivotal moment in its operational strategy. The firm has undertaken four deals since its inception, with the latest funding round being an Add-on Trade Sale amounting to USD 119.00 mn, led by Fusion-io, Inc. To date, NexGen Storage has raised a total of USD 10.00 mn.NexGen Storage specializes in offering digital hosting solutions that enhance website performance and reliability. Their core products include high-performance managed WordPress hosting, scalable cloud hosting services, and comprehensive site management tools. These offerings are designed to address issues related to website uptime, speed, and security, catering to small to medium-sized enterprises (SMEs), e-commerce platforms, and individual developers primarily across North America and Europe. The company has released its products in stages, evolving continuously to meet the changing demands of the digital landscape.NexGen Storage generates revenue through a structured subscription model, where clients pay for hosting services on a recurring basis. This model includes various pricing tiers based on service levels, storage capacity, and additional features such as enhanced security options and customer support packages. Their flagship managed WordPress hosting service is priced at different levels to accommodate a range of customer budgets. Transactions are conducted directly between the company and its clients on a monthly or annual subscription basis, ensuring consistent revenue streams as clients utilize their hosting services.Going forward, NexGen Storage plans to launch new products designed to meet emerging market demands. While specific release dates are not provided, the company is focused on expanding into additional geographic regions beyond its current presence in North America and Europe. Recent funding from the Add-on Trade Sale is expected to support these initiatives, particularly in product development and market expansion. In addition, the acquisition by Pivot3 may lead to further strategic developments and opportunities in the hosting solutions sector.

## Funding rounds

- Series A, Feb 7, 2011 — Grotech Ventures, Access Venture Partners

## Investors

- Grotech Ventures (https://capitalatlas.ai/funds/grotech-ventures) — Series A
- Access Venture Partners (https://capitalatlas.ai/funds/access-venture-partners) — Series A