Wellington Angels invest in cloud computing venture
- 18 May, 2009 22:00
Wellington company InterGrid’s cloud computing offering Green Button has received backing from fellow Wellington company Angel HQ. The deal means InterGrid has secured the necessary funds to scale the business out globally. The company has had visits to its website from users in 56 countries.
Green Button is a user-friendly front end offering for industrial-strength cloud computing. The system enables applications to run on computer processing, storage and network infrastructure that would be outside most company’s budgets.
InterGrid chief executive Scott Houston says he is “thrilled” with the deal.
“Working with Angel HQ and securing this deal means that not only am I getting a much needed capital injection to grow the business, but I am also getting access to the experience and expertise of four passionate business angels who will be part of the team.”
Angel HQ provides a forum for investors interested in early stage, high-growth companies to play a part in the journey to business success.
Investor Marcel van den Assum, says while angel investing is a high- risk game, equally the upside is potentially huge.
“Especially in this instance, where we are backing a strong, seasoned player in the industry.”