What is Axcient?
Founded in 2006 and headquartered in Denver, Colorado, Axcient is recognized as a leader in business availability software. The company empowers managed service providers (MSPs) by consolidating SaaS Backup, Business Continuity Disaster Recovery (BCDR), and secure File Sync & Share into a unified platform. This integrated approach aims to provide MSPs with a comprehensive solution for protecting business data and ensuring continuity against security breaches, human error, and natural disasters. Axcient's platform is trusted by MSPs globally, highlighting its critical role in safeguarding business operations and data integrity.
How much funding has Axcient raised?
Axcient has raised a total of $97.5M across 8 funding rounds:
Series A
$6M
Series B
$10M
Series C
$15.5M
Other Financing Round
$5M
Private Equity
$12M
Series D
$20M
Series E
$25M
Private Equity
$4M
Series A (2008): $6M with participation from Allegis Capital and Peninsula Ventures
Series B (2010): $10M led by Peninsula Ventures and Thomvest Ventures
Series C (2011): $15.5M supported by BA Venture Partners, Thomvest Ventures, Allegis Capital, and Peninsula Ventures
Other Financing Round (2012): $5M featuring Scale Venture Partners
Private Equity (2012): $12M backed by Peninsula Ventures, BA Venture Partners, Thomvest Ventures, and Allegis Capital
Series D (2013): $20M with participation from Peninsula Ventures, Thomvest Ventures, Allegis Capital, and BA Venture Partners
Series E (2015): $25M led by Thomvest Ventures, BA Venture Partners, Industry Ventures, Peninsula Ventures, and Allegis Capital
Private Equity (2016): $4M, investors not publicly disclosed
Key Investors in Axcient
Thomvest Ventures
Thomvest Ventures is an investment group focused on supporting exceptional entrepreneurs in building industry-defining companies. With over 25 years of experience, they provide strategic guidance and mentorship, specializing in sectors like proptech and fintech.
Peninsula Ventures
Peninsula Ventures invests in early-stage enterprise software companies, particularly B2B SaaS, Cloud, Fintech, Cybersecurity, and Healthcare IT. They support entrepreneurs in building scalable businesses and value innovation.
Allegis Capital
Allegis Capital is a venture capital firm specializing in early-stage cybersecurity investments. They leverage deep domain expertise and operating experience to support innovative pioneers in the cybersecurity sector.
What's next for Axcient?
The substantial enterprise-level funding Axcient has garnered, coupled with its recent strategic investment, positions the company for continued expansion and innovation. This financial backing is likely to fuel further development of its integrated platform, enhancing its capabilities in SaaS Backup, BCDR, and File Sync & Share. Axcient's focus on empowering MSPs suggests a strategic direction aimed at deepening its market penetration within the channel, potentially through new partnerships, enhanced service offerings, and expanded global reach. The company's sustained access to capital indicates a strong market demand for robust business availability solutions and Axcient's capacity to meet those needs.
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