A Denver cloud computing company says it's raised $11 million in capital so far this month.

Faction, a Denver business formerly known as PeakColo, said most of the funding came from Meritage Funds and Sweetwater Capital and new equity investors, Charterhouse Strategic Partners and Rifkin-Pottle Group, as well as debt financing from Ares Capital Corporation.

Faction said the $11 million in debt and equity capital will be used for company expansion and to meet customer demand. The company claims it experienced 44 percent year-over-year growth last year.

Read more at the Denver Business Journal: http://bit.ly/2j5pU7W