DreamHost has announced last week that it has closed #30 million in financing from Goldman Sachs Bank. The financing, which was closed on Nov 27, will go into buying back the stake of a founder which will be payed on equipment financing, cash grown and working cap.

The new financing is structured in a $25 million term loan and $5 million revolver.  DreamHost has also updated the pricing and available features on their cloud storage packages.

According to DreamHost CEO Simon Anderson, they chose DH capital because they are a firm with deep industry expertise, strong financial acumen, and high integrity and trust with investors which according to DreamHost, are the elements of success.

Read the rest of the news here: http://www.socaltech.com/dreamhost_raises_3_m/s-0052634.html