What is Axcient?
Founded in 2006 and headquartered in Denver, Colorado, Axcient is a prominent player in the business availability software sector. The company specializes in empowering managed service providers (MSPs) by integrating SaaS Backup, Business Continuity Disaster Recovery (BCDR), and secure File Sync & Share into a unified platform. This comprehensive solution is designed to protect businesses from security breaches, human error, and natural disasters, ensuring data integrity and operational continuity. Axcient's platform is trusted by MSPs globally, highlighting its critical role in safeguarding business assets and maintaining uptime for their clients.
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 Allegis Capital, Peninsula Ventures, Thomvest Ventures, and BA Venture Partners
Other Financing Round (2012): $5M featuring Scale Venture Partners
Private Equity (2012): $12M backed by BA Venture Partners, Allegis Capital, Peninsula Ventures, and Thomvest Ventures
Series D (2013): $20M with participation from BA Venture Partners, Allegis Capital, Peninsula Ventures, and Thomvest Ventures
Series E (2015): $25M led by BA Venture Partners, Industry Ventures, Allegis Capital, Peninsula Ventures, and Thomvest Ventures
Private Equity (2016): $4M, investors not publicly disclosed
Key Investors in Axcient
Peninsula Ventures
Peninsula Ventures is focused on investing in early-stage enterprise software companies, particularly in B2B SaaS, Cloud, Fintech, Cybersecurity, and Healthcare IT sectors. They seek entrepreneurs who can utilize capital efficiently to build scalable businesses and are open to companies across the United States, favoring those in undercapitalized markets in the western US. The company prides itself on supporting entrepreneurs through the challenges of building successful ventures. Ultimately, Peninsula Ventures values creativity, innovation, and the entrepreneurial spirit, aiming to propel ideas that advance the world.
Allegis Capital
AllegisCyber Capital is a venture capital firm that specializes in early-stage investments in the cybersecurity sector. The company prides itself on its unmatched domain expertise and extensive operating experience, providing a competitive advantage in the market. AllegisCyber Capital focuses on supporting innovative pioneers within the cybersecurity industry. Their intended clients include entrepreneurs and startups looking for investment and guidance in cybersecurity ventures.
Thomvest Ventures
Thomvest is a group of investment companies that invests on behalf of Peter J. Thomson and his family, focusing on building industry-defining companies for over 25 years. The firm actively supports its portfolio companies through mentorship, strategic guidance, and access to resources, aiming to help them achieve their full potential. With a strong track record of successful investments, Thomvest partners with exceptional entrepreneurs across various sectors, including proptech and fintech. Their commitment to long-term partnerships and deep industry expertise distinguishes them in the venture capital landscape.
What's next for Axcient?
With a history of substantial capital raises, Axcient is well-positioned for continued expansion and innovation in the business availability and data protection market. The company's focus on providing an integrated platform for MSPs suggests a strategy centered on deepening its market penetration and enhancing its service offerings. Future developments are likely to involve further advancements in its SaaS Backup, BCDR, and File Sync & Share capabilities, potentially incorporating AI-driven insights or automation to further streamline operations for MSPs. The consistent investor support indicates a strong belief in Axcient's business model and its capacity to address evolving cybersecurity and data management challenges.
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