Total amount raised
$80.1 Millions
Latest funding date
09/01/2021
Location
Rewind has successfully raised $65 million in its Series B funding round, attracting notable investors such as Union Ventures, Ridge Ventures, and Atlassian Ventures. The company offers robust backup solutions for various SaaS applications, trusted by over 25,000 organizations globally.
Keep reading to explore the intricacies of Rewind's fundraising journey and the investors backing this innovative platform.
What Is Rewind?
Rewind, founded in 2015 by James Ciesielski and Mike Potter, is headquartered in Ottawa, Ontario, Canada. The company operates within the database, SaaS, security, and software industries, providing automated data backup solutions for various SaaS applications.
With a team of 101-250 employees, Rewind's platform is designed to protect business data through automatic updates and restores, eliminating the need for technical skills. Trusted by over 25,000 organizations globally, Rewind ensures compliance with industry regulations and offers features like automated daily backups and granular restores.
How Much Funding Has Rewind Raised?
- Pre-Seed Round
- Amount Raised: $71.1K
- Date: April 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their automatic data backup platform.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: September 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and resources without diluting equity.
- Series A
- Amount Raised: $15M
- Date: January 2021
- Lead Investors: Inovia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development of new backup solutions.
- Series B
- Amount Raised: $65M
- Date: September 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To sustain growth during the pandemic and develop new backup solutions for SaaS applications.
Total Amount Raised: $80.071M. Current Valuation: Not publicly disclosed.
Key Investors
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm that invests in high-growth technology and software companies. They have a strong track record of supporting companies through various stages of growth.
- Investment Focus Areas: Technology, software, high-growth companies.
- Notable Investments: Twitter, Shopify, DocuSign.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a venture capital firm that invests in early-stage and growth-stage companies across various sectors. They have a long history of successful investments in the technology space.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: LinkedIn, Pinterest, Shopify.
- Atlassian Ventures
- Details: Atlassian Ventures is the investment arm of Atlassian, focusing on startups building products in the Atlassian ecosystem. They aim to support innovative companies that enhance the Atlassian product suite.
- Investment Focus Areas: Startups, Atlassian ecosystem, technology.
- Notable Investments: Not publicly disclosed.
- Inovia Capital
- Details: Inovia Capital is a venture capital firm that partners with founders to build impactful and enduring global technology companies. They focus on long-term growth and sustainability.
- Investment Focus Areas: Global technology companies, startups, innovation.
- Notable Investments: Lightspeed, AppDirect, Sonder.
- Ridge Ventures
- Details: Ridge Ventures is a venture capital firm that invests in early-stage, business-to-business software companies. They focus on helping companies scale and achieve market success.
- Investment Focus Areas: Early-stage, business-to-business software, technology.
- Notable Investments: Fastly, Discord, Krux.
What's Next for Rewind?
Rewind is poised to capitalize on the growing demand for cloud backup services, driven by the shift to remote and hybrid work models. The company plans to expand its backup solutions to additional SaaS applications, targeting both SMB and enterprise customers. This expansion presents a substantial market opportunity, with Gartner forecasting significant growth in public cloud end-user spending.
Future fundraising opportunities are likely as Rewind aims to scale its operations and enhance its market reach. The competitive landscape, featuring well-funded players like OwnBackup and Druva, suggests that additional funding rounds or strategic partnerships could be on the horizon. However, Rewind will need to navigate challenges such as intense competition, rapid technological advancements, and compliance with various regulatory standards.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Rewind and gather other critical business insights. Sign up for free to start enhancing your sales strategies today.
