How Much Did Veeam Software Raise? Funding & Key Investors

Veeam Software has participated in four funding rounds, with notable investors including Microsoft and TPG. The company has also made strategic investments, such as in Alcion, and has acquired seven organizations, the most recent being Object First.

Keep reading to explore the intricacies of Veeam Software's fundraising journey and the investors backing this data resilience and management platform.

What Is Veeam Software?

Veeam Software, headquartered in Columbus, Ohio, is a prominent player in the data resilience and management industry. The company specializes in providing solutions for cloud, virtual, and physical environments, ensuring robust data protection and recovery.

With a workforce of 5001-10000 employees, Veeam has established itself as a leader in the field, recognized by industry analysts and trusted by numerous Global 2000 and Fortune 500 companies. The company operates as a private entity and has been acquired by Insight Partners.

How Much Funding Has Veeam Software Raised?

1. Corporate Round
   • Amount Raised: USD 9,999,997
   • Date: February 2025
   • Lead Investors: Microsoft
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To strengthen strategic partnerships and enhance technological capabilities.
2. Secondary Market
   • Amount Raised: USD 2,000,000,000
   • Date: December 2024
   • Lead Investors: TPG
   • Valuation at Round: USD 15,000,000,000
   • Motivation Behind the Round: To diversify the investor base, provide liquidity, and prepare for a potential IPO.
3. Private Equity
   • Amount Raised: USD 500,000,000
   • Date: January 2019
   • Lead Investors: Insight Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enhance market position.
4. Private Equity
   • Amount Raised: Not publicly disclosed
   • Date: July 2013
   • Lead Investors: Insight Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support growth and innovation in data resilience solutions.

Veeam Software has raised a total of USD 2,509,999,997 with a current valuation of USD 15,000,000,000.

Key Investors

• Microsoft
  • Details: Microsoft is a global technology company headquartered in Redmond, Washington. It is known for its software products, including the Windows operating system and the Office suite.
  • Investment Focus Areas: Technology, cloud computing, artificial intelligence.
  • Notable Investments: LinkedIn, GitHub, OpenAI.
• TPG
  • Details: TPG is a leading global alternative asset management firm with $239 billion of assets under management. Founded in 1992, TPG invests across various strategies, including private equity, impact, credit, real estate, and market solutions.
  • Investment Focus Areas: Technology, healthcare, consumer products, industrials.
  • Notable Investments: Airbnb, Uber, Spotify.
• Insight Partners
  • Details: Insight Partners is a global private equity and venture capital firm that invests in growth-stage technology and software companies. It acquired Veeam Software in January 2020.
  • Investment Focus Areas: Growth-stage software, technology companies.
  • Notable Investments: Shopify, Twitter, Qualtrics.
• Temasek
  • Details: Temasek is a global investment company headquartered in Singapore. It has a diversified portfolio and focuses on long-term investment strategies.
  • Investment Focus Areas: Financial services, telecommunications, media, technology.
  • Notable Investments: Alibaba, Tencent, Gojek.
• Neuberger Berman Capital Solutions
  • Details: Neuberger Berman Capital Solutions is a division of Neuberger Berman, a private, independent, employee-owned investment management firm.
  • Investment Focus Areas: Private equity, hedge funds, alternative investments.
  • Notable Investments: Investments in various private equity and hedge fund opportunities.

What's Next for Veeam Software?

Veeam Software stands at the cusp of significant opportunities, driven by its robust market position and a $15 billion valuation. The company is poised to capitalize on the growing demand for data resilience solutions, with plans to expand its cloud-first offerings and invest in AI-driven innovations. This strategic direction is bolstered by a strong investor base, including TPG, Temasek, and Neuberger Berman Capital Solutions, providing the flexibility for future fundraising and acquisitions.

Looking ahead, Veeam's potential IPO could be a pivotal moment, offering substantial capital to fuel further growth. The company’s impressive financial metrics, such as $1.7 billion in annualized recurring revenue, underscore its market strength. However, challenges loom, including intense competition and the need to navigate complex regulatory environments. Maintaining high growth rates and addressing the surge in cyber threats will be critical as Veeam continues to solidify its leadership in the data resilience sector.

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