What is BetterCloud?
BetterCloud is an independent software vendor specializing in the management, security, and operations of cloud office platforms. The company's solutions offer deep insights and control over environments such as Google Workspace and Office 365, addressing critical needs for data security, compliance, and operational efficiency for businesses transitioning to or operating within the cloud. Its strategic position in the market is defined by its ability to provide a unified platform for managing disparate cloud services, thereby mitigating risks and optimizing cloud investments for its enterprise clientele.
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 BLH Venture Partners, Tribeca Venture Partners, Greycroft Partners, and Flybridge Capital partners
Series B (2013): $6M supported by TriBeCa Ventures Partners, Greycroft Partners, Bear Creek Capital, Flybridge Capital Partners, and BLH Venture Partners
Series C (2014): $8.6M featuring Flybridge Capital Partners, Greycroft Partners, Bear Creek Capital LLC, Tribeca Venture Partners, and BLH Venture Partners
Series D (2015): $25M backed by Accel, Tribeca Venture Partners, Millennium, Flybridge, and Greycroft Partners
Series E (2018): $60M with participation from Bain Capital Ventures
Corporate Investment (2019): $5M led by Dropbox
Series F (2020): $75M supported by Greycroft Partners, New Amsterdam Growth Capital, Flybridge Capital Partners, Bain Capital Ventures, Accel, Warburg Pincus, and e.ventures
Key Investors in BetterCloud
Greycroft Partners
Greycroft is a leading venture capital firm focused on investments in the Internet and mobile markets. Greycroft leverages an extensive network of media and technology industry connections to help entrepreneurs gain visibility, build strategic relationships, bring their products to market, and build successful businesses.
Flybridge Capital Partners
Flybridge is an early-stage venture capital fund with over 20 years of investing experience and more than $1B under management, based in New York and Boston. The firm focuses on providing support to ambitious founders creating innovative companies centered around Artificial Intelligence.
Bain Capital Ventures
Founded in 1984, Bain Capital is one of the worlds leading private investment firms. The firm is committed to creating lasting impact for its investors, teams, portfolio businesses, and the communities in which it operates.
What's next for BetterCloud?
With a history of consistent growth and strategic investment, BetterCloud is well-positioned to further enhance its product offerings and expand its market reach. The substantial enterprise-level funding suggests a focus on scaling operations, accelerating product development, and potentially pursuing strategic acquisitions to solidify its leadership in the cloud management and security space. The company's trajectory indicates a commitment to addressing the evolving complexities of cloud environments, aiming to provide comprehensive solutions that empower organizations to leverage the full potential of their cloud infrastructure securely and efficiently.
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