Total amount raised
$507.3 Million
Latest funding date
8/1/2021
Location
Own Company has successfully integrated its suite of data protection and management products into the Salesforce platform, enhancing its capabilities in data resilience, compliance, and security. Salesforce acquired Own Company for approximately $1.9 billion in cash, net of the value of the approximately 10% of outstanding shares it already owned. The deal closed November 18, 2024.
What Is Own Company?
Own Company operates in the SaaS data protection and management industry. The company offers a suite of products designed to protect and manage mission-critical SaaS data, including solutions for data security, backup and recovery, data masking and seeding, and data archiving.
Now part of the Salesforce Platform, Own Company's products enhance data resilience, compliance, and security, making it easier to protect SaaS data. The company aims to minimize risk, address compliance, and avoid data loss through its comprehensive suite of solutions.
How Much Funding Has Own Company Raised?
- Series A
- Amount Raised: $3.5M
- Date: February 2016
- Lead Investors: Innovation Endeavors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation for product development and market entry.
- Series B
- Amount Raised: $7.5M
- Date: July 2017
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand the customer base.
- Series B
- Amount Raised: $15.5M
- Date: April 2018
- Lead Investors: Insight Partners, Vertex Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and scale operations.
- Series C
- Amount Raised: $23.3M
- Date: May 2019
- Lead Investors: Insight Partners, Vertex Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid expansion and innovation in data protection solutions.
- Series C
- Amount Raised: $50M
- Date: July 2020
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and enhance data protection capabilities.
- Series D
- Amount Raised: $167.5M
- Date: January 2021
- Lead Investors: Insight Partners, Salesforce Ventures, Sapphire Ventures
- Valuation at Round: $1.4 billion
- Motivation Behind the Round: To capitalize on the growing Salesforce ecosystem and support rapid growth.
- Series E
- Amount Raised: $240M
- Date: August 2021
- Lead Investors: Alkeon Capital, B Capital
- Valuation at Round: $3.35 billion
- Motivation Behind the Round: To expand data protection solutions to other cloud platforms, starting with Microsoft Dynamics 365.
Total Amount Raised: $507.3M
Current Valuation: Not publicly disclosed.
Key Investors
- Alkeon Capital
- Details: Alkeon Capital is a global investment firm focusing on private and public growth and technology companies. They work closely with disruptive private companies to help them expand their market and scale efficiently.
- Investment Focus Areas: Technology, internet, software, consumer sectors.
- Notable Investments: Spotify, Pinterest, Alibaba.
- B Capital Group
- Details: B Capital Group is an international investment firm founded in 2015. They invest in companies transforming large traditional industries across borders and geographies.
- Investment Focus Areas: Enterprise technology, fintech, healthcare, consumer enablement.
- Notable Investments: Bird, Ninja Van, Atomwise.
- BlackRock Private Equity Partners
- Details: BlackRock Private Equity Partners offers a range of private equity strategies including direct, primary, secondary, and co-investment. They manage $38.9 billion in client commitments as of June 30, 2021.
- Investment Focus Areas: Leveraged buyouts, venture capital, growth equity, distressed/opportunistic strategies.
- Notable Investments: Byju's, Epic Games, SpaceX.
- Tiger Global Management
- Details: Tiger Global Management is a global technology investment firm with over $70 billion under management. They focus on private and public companies in the internet, software, and financial technology sectors.
- Investment Focus Areas: Internet, software, financial technology sectors.
- Notable Investments: Facebook, LinkedIn, Stripe.
- Insight Partners
- Details: Insight Partners is a global venture capital and private equity firm investing in high-growth technology and software companies. They have invested in more than 400 companies worldwide and raised over $30 billion in capital commitments.
- Investment Focus Areas: High-growth technology and software ScaleUp companies.
- Notable Investments: Twitter, Shopify, DocuSign.
What's Next for Own Company?
Own Company is now wholly owned by Salesforce and no longer operates as an independent business. The company raised $507.3 million across seven rounds, and the August 2021 Series E remains its final funding round.
However, challenges such as integrating with new cloud platforms and maintaining high security standards will need to be navigated carefully.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Own Company and gather other critical business insights. Sign up for free to start transforming your sales strategy today.
