What is BetterCloud?
Founded in 2011 and headquartered in New York, BetterCloud specializes in offering insights, management, and data security for cloud office platforms such as Google Workspace and Microsoft 365. The company's independent software vendor status highlights its focus on providing robust tools for organizations navigating the complexities of cloud-based productivity suites. Its offerings are crucial for enhancing operational efficiency and safeguarding sensitive data within these environments.
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 Greycroft Partners, BLH Venture Partners, Flybridge Capital partners, and Tribeca Venture Partners
Series B (2013): $6M supported by Flybridge Capital Partners, TriBeCa Ventures Partners, Greycroft Partners, Bear Creek Capital, and BLH Venture Partners
Series C (2014): $8.6M featuring Greycroft Partners, Bear Creek Capital LLC, BLH Venture Partners, Flybridge Capital Partners, and Tribeca Venture Partners
Series D (2015): $25M backed by Greycroft Partners, Accel, Tribeca Venture Partners, Flybridge, and Millennium
Series E (2018): $60M with participation from Bain Capital Ventures
Corporate Investment (2019): $5M led by Dropbox
Series F (2020): $75M supported by Flybridge Capital Partners, New Amsterdam Growth Capital, Accel, e.ventures, Warburg Pincus, Bain Capital Ventures, and Greycroft Partners
Key Investors in BetterCloud
Bain Capital Ventures
Bain Capital Ventures is a prominent venture capital firm known for its strategic investments in technology companies. They focus on identifying and supporting businesses with strong growth potential, offering capital and operational expertise to drive market leadership.
Greycroft Partners
Greycroft is a leading venture capital firm specializing in internet and mobile markets. They leverage an extensive network to help entrepreneurs build successful businesses, with a portfolio including numerous high-growth technology companies.
Flybridge Capital Partners
Flybridge is an early-stage venture capital fund focused on supporting ambitious founders in creating innovative companies, particularly those centered around Artificial Intelligence. They provide hands-on partnership during the critical early stages of startup development.
What's next for BetterCloud?
The substantial enterprise-level funding indicates BetterCloud is in a mature growth phase, likely focusing on expanding its market reach, enhancing its product suite with advanced security and management features, and potentially exploring strategic acquisitions. This strategic investment will enable the company to further solidify its leadership in the cloud management and security sector, addressing the evolving needs of businesses transitioning to and operating within comprehensive cloud infrastructures.
See full BetterCloud company page
