Private Equity Private Equity Fund Investments
Governance SaaS startup CoreStack raises $30-M from Avatar Capital, Dallas Ventures, others
Bellevue, WA (US)- and Chennai-based CoreStack, a multi-cloud governance SaaS provider, has raised a USD 30 million Series B funding round led by Avatar Growth Capital, with participation from existing investors Dallas Venture Capital, Iron Pillar, and other angel investors. This brings CoreStack's total funding to USD 45 million, following its Series A in March 2020.
The company will use the funds to support growth and innovation and also for expanding into new markets. Avatar Growth MD Abhay Havaldar will join the CoreStack board.
Between Mar-20 and Dec-20, CoreStack raised $12.5 M from Iron Pillar, Naya Ventures, and others.