Approaches $3.35 Billion Valuation with Series E Investment; Expands its Leading Cloud-to-Cloud Data Protection to Microsoft

Funding Rounds

Summary

Headquartered in Englewood Cliffs, New Jersey, with research and development (R&D), support, and other functions in Israel, EMEA and APAC, OwnBackup is the partner of choice for some of the world’s largest users of SaaS applications. The B Capital portfolio includes global, industry-leading companies like Aetion, Atomwise, Bounce, Centivo, Carro, Dailyhunt, DataRobot, Evidation Health, FalconX, Icertis, Innovaccer, Kopi Kenangan, Ninja Van, Notable Labs, Payfazz, Synack, Ula, and YaloChat, XingYun. Tiger Globals investments have included JD.com, UiPath, Stripe, Databricks, Bytedance, Snowflake, Facebook, Alibaba, Procore, Chime, Peloton, Attentive, LinkedIn, Flipkart, and Toast. Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Portfolio companies receive funding, strategic advisory and operating support, and can easily join Pledge 1% to make giving back part of their business model.

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Amount $240.0M Total raised
Date August 10, 2021 Announcement date
Investors Microsoft Accelerator - Tel Aviv, Insight Partners, Salesforce Ventures, BlackRock, Sapphire Ventures, LLC, Tiger Global Management, Alkeon Capital Management, B Capital Group, Vertex Ventures Lead investors
Company http://www.ownbackup.com Funded company

Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

AskAI Classifications

Labels
SaaS CRM Software Enterprise Software

Linked Companies

Salesforce
$1B+
ClickSoftware
$1M to $5M
Microsoft
$1B+
OwnBackup
$50M to $100M