Total amount raised
$2.5 Billions
Latest funding date
02/01/2025
Location
Veeam Software has successfully raised significant funding, including a notable acquisition by Insight Partners for $5 billion. The company is backed by prominent investors such as Microsoft and TPG, among others.
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, founded in 2006 by Andrei Baronov and Ratmir Timashev, is headquartered in Columbus, Ohio. The company operates in the cloud infrastructure, data management, and enterprise software industries.
With an employee count ranging between 5001 and 10000, Veeam specializes in data resilience and protection solutions. Their offerings include backup, disaster recovery, and data management for cloud, virtual, and physical environments.
How Much Funding Has Veeam Software Raised?
- Private Equity Round
- Amount Raised: $500M
- Date: January 2019
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To capitalize on Veeam's potential in the cloud data backup market.
- Private Equity Round
- Amount Raised: Not publicly disclosed
- Date: July 2013
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Veeam's growth and expansion in the data resilience market.
- Secondary Market
- Amount Raised: $2B
- Date: December 2024
- Lead Investors: TPG
- Valuation at Round: $15B
- Motivation Behind the Round: To diversify Veeam's investor base and provide liquidity for early investors and employees.
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: February 2025
- Lead Investors: Microsoft
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen strategic partnerships and enhance Veeam's market position.
Total Amount Raised: $2.5B
Current Valuation: $15B
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 Microsoft Office suite.
- Investment Focus Areas: Technology, cloud computing, artificial intelligence.
- Notable Investments: LinkedIn, GitHub, OpenAI.
- TPG
- Details: TPG is a global alternative asset management firm with $239 billion of assets under management. It invests across various strategies, including private equity, impact, credit, real estate, and market solutions.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Airbnb, Uber, Spotify.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm. It focuses on high-growth technology and software companies.
- Investment Focus Areas: Technology, software, cybersecurity.
- Notable Investments: Twitter, Shopify, DocuSign.
- Temasek
- Details: Temasek is a global investment company headquartered in Singapore. It has a broad investment portfolio across various industries.
- Investment Focus Areas: Financial services, telecommunications, technology.
- Notable Investments: Alibaba, DBS Bank, Singapore Airlines.
- 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: Flexible capital solutions, technology, high-growth companies.
- Notable Investments: Investments in a wide range of asset classes and sectors.
What's Next for Veeam Software?
Veeam Software stands at the cusp of significant growth opportunities, driven by its robust market position and a $15 billion valuation. The company is poised to expand its cloud-first offerings, such as Veeam Data Cloud and Veeam Data Cloud Vault, leveraging its strong investor base to pursue strategic partnerships and acquisitions. With $1.7 billion in annualized recurring revenue and an 18% year-over-year growth rate, the potential for further investments and market expansion is substantial.
Future fundraising opportunities appear promising, with the possibility of an IPO on the horizon. The recent $2 billion secondary equity offering has not only diversified Veeam's investor base but also provided the liquidity needed for future mergers and acquisitions. This financial flexibility will be crucial as Veeam continues to innovate in data resilience and security, aiming to capture a larger share of the growing cloud data market.
However, Veeam will need to navigate several challenges, including maintaining its competitive edge in a rapidly evolving industry and managing the complexities of integrating new technologies and partnerships. The company must also stay ahead of increasing cyber threats and regulatory requirements to sustain its growth trajectory. Despite these hurdles, Veeam's strategic focus and strong financial backing position it well for continued success.
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