Nexenta Nabs $24M in Over-Subscribed Series D

Nexenta Systems, a provider of open source software-defined storage solutions, has raised $24 million in Series D financing. The over-subscribed round was led by new investor Four Rivers Group, with participation from previous investors Menlo Ventures, TransLink Capital, Javelin Ventures, Sierra Ventures, Razor's Edge Ventures and West Summit Capital, as well as new investors Presidio Ventures and UMC Capital. Concurrent with the deal comes the appointment of Mark Lockareff as CEO and Bridget Warwick as chief marketing officer. The company’s former CEO, Evan Powell, will assume the role of chief strategy officer.

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