What is BetterCloud?
Founded in 2011 and headquartered in New York, BetterCloud operates as an independent software vendor specializing in the management and security of cloud office platforms, including Google Workspace and Microsoft 365. The company provides a comprehensive suite of tools designed to offer deep insights, automated management, and enhanced data security, effectively bridging the gap between administrative control and the flexibility required by modern, cloud-native workforces. By centralizing the oversight of SaaS applications, BetterCloud enables IT departments to mitigate risks and streamline operations, positioning itself as an essential component of the contemporary enterprise technology stack.
How much funding has BetterCloud raised?
BetterCloud has raised a total of $186.9M across 8 funding rounds:
Angel/Seed
$2.2M
Series A
$5M
Series B
$6M
Series C
$8.6M
Series D
$25M
Series E
$60M
Corporate Investment
$5M
Series F
$75M
Angel/Seed (2012): $2.2M, investors not publicly disclosed
Series A (2012): $5.1M led by Tribeca Venture Partners, Greycroft Partners, Flybridge Capital partners, and BLH Venture Partners
Series B (2013): $6M supported by Flybridge Capital Partners, TriBeCa Ventures Partners, Bear Creek Capital, Greycroft Partners, and BLH Venture Partners
Series C (2014): $8.6M featuring Tribeca Venture Partners, Bear Creek Capital LLC, Greycroft Partners, Flybridge Capital Partners, and BLH Venture Partners
Series D (2015): $25M backed by Greycroft Partners, Accel, Tribeca Venture Partners, Flybridge, and Millennium Technology Value Partners
Series E (2018): $60M with participation from Bain Capital Ventures
Corporate Investment (2019): $5M led by Dropbox
Series F (2020): $75M supported by Accel, Warburg Pincus, Bain Capital Ventures, Flybridge Capital Partners, Greycroft Partners, New Amsterdam Growth Capital, and e.ventures
Key Investors in BetterCloud
Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm renowned for its expertise in growth investing, leveraging decades of experience to support management teams in building long-term, sustainable success.
Bain Capital Ventures
Bain Capital Ventures is a prominent investment firm that applies deep sector expertise and broad capabilities to drive innovation in investment strategies and unlock exceptional outcomes for its portfolio companies.
Greycroft Partners
Greycroft is a leading venture capital firm focused on investments in the Internet and mobile markets, leveraging an extensive network of media and technology industry connections to help entrepreneurs build successful businesses.
What's next for BetterCloud?
With a solid foundation of $186.9M in total capital, BetterCloud is well-positioned to further its market penetration and product innovation. The company's strategic focus is expected to remain on scaling its automated security capabilities and expanding its footprint within the enterprise segment. As the demand for sophisticated SaaS management platforms continues to rise, BetterCloud is likely to leverage its existing investor relationships and financial resources to explore new integrations and enhance its competitive edge in the rapidly evolving cloud security market.
See full BetterCloud company page
