March Capital Backs VeloCloud In Series C Funding

Santa Monica-based venture capital investor March Capital Partners is the lead investor in a developer of cloud networking technology, VeloCloud Networks, as part of a new $27M funding round for that company. VeloCloud, which is based in Silicon Valley, said the new Series C funding was led by March Capital Partners, and also included Cisco Investments, New Enterprise Associates, and Venrock. VeloCloud develops software-defined, wide-area-networking (WAN) technology. March Capital Partners is the new venture capital investment firm led by Jim Armstrong, Sumant Mandal, Gregory Milken, and Jamie Montgomery.