What is Axcient?
Founded in 2006 and headquartered in Denver, Colorado, Axcient serves as a cornerstone for MSPs by integrating SaaS Backup, Business Continuity and Disaster Recovery (BCDR), and secure File Sync & Share into a unified platform. By addressing the critical needs of data resilience against security breaches, human error, and natural disasters, Axcient has carved out a significant niche in the enterprise software landscape. The company's platform-centric approach enables service providers to offer comprehensive protection, ensuring business availability in an increasingly volatile digital environment.
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, BA Venture Partners, and Thomvest Ventures
Other Financing Round (2012): $5M featuring Scale Venture Partners
Private Equity (2012): $12M backed by Thomvest Ventures, Allegis Capital, BA Venture Partners, and Peninsula Ventures
Series D (2013): $20M with participation from BA Venture Partners, Allegis Capital, Thomvest Ventures, and Peninsula Ventures
Series E (2015): $25M led by Peninsula Ventures, Industry Ventures, Allegis Capital, Thomvest Ventures, and BA Venture Partners
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.
Thomvest Ventures
Thomvest is a group of investment companies that invests on behalf of Peter J. Thomson and his family, focusing on supporting exceptional entrepreneurs to build industry-defining companies.
Allegis Capital
AllegisCyber Capital is a venture capital firm that specializes in early-stage investments in the cybersecurity sector, providing unmatched domain expertise and operating experience.
What's next for Axcient?
With the support of its latest major strategic investment, Axcient is well-positioned to accelerate its product roadmap and expand its footprint within the global MSP ecosystem. The company's focus remains on scaling its integrated platform to meet the evolving demands of enterprise data security. By leveraging its deep-rooted partnerships with venture capital firms, Axcient is expected to continue its trajectory of innovation, potentially exploring new frontiers in cloud-native resilience and automated recovery workflows to maintain its competitive edge in the B2B SaaS market.
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