What is Axcient?
Founded in 2006 and headquartered in Denver, Colorado, Axcient serves as a leader in business availability software. The company empowers managed service providers (MSPs) to protect critical data by integrating SaaS Backup, Business Continuity and Disaster Recovery (BCDR), and secure File Sync & Share into a unified platform. By addressing the complexities of data protection against security breaches, human error, and natural disasters, Axcient has established itself as a trusted partner for MSPs worldwide, ensuring seamless business continuity for their end-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 Peninsula Ventures and Allegis Capital
Series B (2010): $10M led by Peninsula Ventures and Thomvest Ventures
Series C (2011): $15.5M supported by Allegis Capital, BA Venture Partners, Thomvest Ventures, and Peninsula Ventures
Other Financing Round (2012): $5M featuring Scale Venture Partners
Private Equity (2012): $12M backed by Peninsula Ventures, Allegis Capital, BA Venture Partners, and Thomvest Ventures
Series D (2013): $20M with participation from BA Venture Partners, Thomvest Ventures, Allegis Capital, and Peninsula Ventures
Series E (2015): $25M led by BA Venture Partners, Peninsula Ventures, Allegis Capital, Industry 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.
Allegis Capital
AllegisCyber Capital is a venture capital firm that specializes in early-stage investments in the cybersecurity sector, providing unmatched domain expertise.
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.
What's next for Axcient?
Looking ahead, the infusion of capital positions Axcient to further refine its platform capabilities and expand its footprint within the MSP ecosystem. As the demand for robust cybersecurity and data resilience grows, the company is well-positioned to leverage its strategic backing to accelerate product innovation. The focus remains on enhancing the user experience and deepening the integration of its BCDR and security offerings, ensuring that Axcient remains at the forefront of the business availability market as it scales its operations to meet evolving enterprise requirements.
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