Total amount raised
$507.3 Millions
Latest funding date
Location
Own Company has developed a suite of products designed to protect and manage SaaS data, integrating seamlessly with the Salesforce platform. The company's focus on data security, compliance, and resilience has positioned it as a key player in the industry.
Keep reading to explore the intricacies of Own Company's fundraising journey and the investors backing this innovative platform.
What Is Own Company?
The requested information about Own Company's background, including its founding year, location, founders' names, and number of employees, was not found in the provided sources. The Crunchbase URL led to a security verification page, and the company website did not include these specific details.
Own Company, now integrated into Salesforce, offers a suite of products designed to protect and manage SaaS data. Their solutions focus on data security, compliance, resilience, and backup & recovery.
Unfortunately, without the specific details from the sources, we cannot provide the exact founding year, location, founders' names, or the number of employees for Own Company.
How Much Funding Has Own Company Raised?
- Series A
- Amount Raised: $3.5M
- Date: February 4, 2016
- Lead Investors: Innovation Endeavors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development of OwnBackup's data protection solutions.
- Series B
- Amount Raised: $7.5M
- Date: July 13, 2017
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale operations.
- Series B
- Amount Raised: $15.5M
- Date: April 12, 2018
- Lead Investors: Insight Partners, Vertex Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance product capabilities and market reach.
- Series C
- Amount Raised: $23.3M
- Date: May 30, 2019
- Lead Investors: Insight Partners, Vertex Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Series C
- Amount Raised: $50M
- Date: July 7, 2020
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and product development.
- Series D
- Amount Raised: $167.5M
- Date: January 28, 2021
- Lead Investors: Insight Partners, Salesforce Ventures, Sapphire Ventures
- Valuation at Round: $1.4B
- Motivation Behind the Round: To support the company's rapid growth and expansion into new markets.
- Series E
- Amount Raised: $240M
- Date: August 10, 2021
- Lead Investors: Alkeon Capital, B Capital Group
- Valuation at Round: $3.35B
- Motivation Behind the Round: To expand OwnBackup's comprehensive backup and recovery solutions across other cloud platforms, starting with Microsoft, and to explore partnerships with other cloud providers.
Total Amount Raised: $507.3M. Current Valuation: $3.35B.
Key Investors
- Alkeon Capital
- Details: Alkeon Capital is a global investment firm focusing on private and public growth and technology companies. They aim to be long-term partners to their portfolio companies.
- Investment Focus Areas: Growth and technology companies, category definers.
- Notable Investments: Spotify, Pinterest.
- B Capital Group
- Details: B Capital Group is an international investment firm founded in 2015, investing in companies transforming large traditional industries. They have a strategic partnership with BCG.
- Investment Focus Areas: Enterprise technology, fintech and insurtech, industrial and transportation, healthcare tech, Bio IT.
- Notable Investments: Bird, Ninja Van, DataRobot.
- BlackRock Private Equity Partners
- Details: BlackRock Private Equity Partners offers a range of private equity strategies, including direct, primary, secondary, and co-investment strategies. They manage $38.9 billion in client commitments.
- Investment Focus Areas: Leveraged buyouts, venture capital, growth equity, distressed/opportunistic strategies.
- Notable Investments: Uber, Airbnb.
- Tiger Global Management
- Details: Tiger Global Management is a global technology investment firm with over $70 billion under management, focusing 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, JD.com.
- 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.
- Investment Focus Areas: High-growth technology and software companies.
- Notable Investments: Twitter, Shopify.
What's Next for Own Company?
Own Company is poised to seize significant opportunities by expanding its data protection solutions to Microsoft Dynamics 365, tapping into a vast market of cloud users. This move, coupled with potential partnerships with other cloud providers, positions the company to meet the growing demand for robust data security and compliance solutions.
With a valuation of $3.35 billion and nearly $500 million in cumulative funding, Own Company is well-placed for future fundraising rounds. The strong backing from high-profile investors suggests that additional investments could be substantial, further fueling the company's growth and market reach.
However, challenges such as integrating with new cloud platforms and maintaining high levels of data security across diverse regions and industries remain. As the company scales, it must navigate these complexities to sustain its rapid growth and continue delivering reliable data protection solutions.
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