L2 Point led a $125m Series D round in Wasabi Technologies.

L2 Point, a San Francisco based investment firm providing innovative capital solutions for growth companies, led a $125m Series D round in Wasabi Technologies, the hot cloud storage company, with participation from Cerberus Capital Management, Fidelity Management & Research Company and Forestay Capital. “Closing a large up round in this environment speaks to the spectacular growth of Wasabi, the magnitude of the cloud storage opportunity, and our leadership as the industry’s largest pure-play cloud storage vendor. At Wasabi, we focus on just one thing: cloud storage. We do it better than anyone else in the industry. Because of this singular focus, our team has achieved best-in-class performance and security at the lowest prices in the industry,” David Friend, Wasabi Technologies CEO.