OwnBackup Raises $240 Million in Series E

by Kay Aloha Villamor in August 11th, 2021

OwnBackup, a leading cloud data protection platform, announced that it raised $240 million in Series E investment.

The round was co-led by Alkeon Capital and B Capital Group, including a secondary investment in the company by BlackRock Private Equity Partners and Tiger Global.

Existing investors Insight Partners, Salesforce Ventures, Sapphire Ventures, and Vertex Ventures also participated.

OwnBackup also announced plans to expand its comprehensive backup and recovery solutions across other cloud platforms later this year, beginning with Microsoft.

Company: OwnBackup.com Inc.

Raised: $240.0M

Round: Series E

Funding Month: August 2021

Lead Investors:  Alkeon Capital and B Capital Group

Additional Investors: BlackRock Private Equity Partners, Salesforce Ventures, Sapphire Ventures, and Vertex Ventures

Company Website: https://www.ownbackup.com

Software Category: cloud data protection platform

About the Company: OwnBackup, the leading cloud-to-cloud data protection platform, provides secure, automated, daily backups and rapid data restore tools of SaaS and PaaS data. Helping nearly 4,000 businesses worldwide safeguard critical cloud data, OwnBackup covers data loss and corruption caused by human errors, malicious intent, integration errors, and rogue applications. Co-founded by seasoned data recovery, data protection, and information-security experts, OwnBackup is a backup and restore independent software vendor (ISV) on the Salesforce AppExchange. 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.

Source: https://www.businesswire.com/news/home/20210810005493/en/OwnBackup-Approaches-3.35-Billion-Valuation-with-Series-E-Investment-Expands-its-Leading-Cloud-to-Cloud-Data-Protection-to-Microsoft


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