March Capital Partners Backs Appcito

Santa Monica-based venture capital investor March Capital Partners--the new investment firm led by longtime Southern California venture capital veterans Jim Armstrong, Sumant Mandal, Gregory Milken, and Jamie Montgomery--has made an investment in cloud application infrastructure developer Appcito. Appcito said this week that it has raised $7.5M in a Series A funding round, which also include Atlas Venture and The Fabric. March Capital's Sumant Mandal led the investment round. Appcito is working on cloud-native, subscription software to help developers deliver cloud applications, improving performance, security, and end-user experience in those cloud applications. March Capital has recently invested in such companies as Agent Ace, DeepForestMedia, and TeleSign. More information »