What is SugarSync?
SugarSync offers a comprehensive mobile cloud service enabling users to access, sync, backup, and share all their data across any device, including Macs, PCs, and various mobile platforms. Founded in 2004 and headquartered in San Mateo, California, the company allows users to sync files from any folder, providing a personal cloud service that integrates seamlessly with existing digital organization habits. Its file sharing capabilities, accessible via a simple URL, facilitate easy distribution through social networks and email. SugarSync has been recognized for its services, including being named the Best Cloud Storage Service of 2011 by Gizmodo, and has received multiple other industry accolades.
How much funding has SugarSync raised?
SugarSync has raised a total of $54.5M across 6 funding rounds:
Series A
$3M
Series B
$13.5M
Series C
$10M
Series D
$15M
Private Equity
$10M
Debt
$3M
Series A (2005): $3M with participation from Threshold and Selby Venture Partners
Series B (2006): $13.5M led by Selby Venture Partners, Draper Fisher Jurvetson, and Sigma Partners
Series C (2009): $10M supported by Selby Venture Partners, Draper Fisher Jurvetson, and Sigma Partners
Series D (2012): $15M featuring Sigma Partners, Coral Group, Draper Fisher Jurvetson, Hercules Technology Growth Capital, and Hatteras Venture Partners
Private Equity (2012): $10M backed by ORIX
Debt (2013): $3M, investors not publicly disclosed
Key Investors in SugarSync
ORIX
ORIX is a diversified financial services group founded in 1964, offering a wide array of services including financing, investment, insurance, and banking, with a global presence.
Threshold
Threshold Ventures is an investment firm that likely focuses on providing capital for technology companies, potentially in their early stages of development.
Selby Venture Partners
Selby Venture Partners is a venture capital firm specializing in seed and early-stage technology companies, particularly in software and components for IT, communications, and consumer sectors.
What's next for SugarSync?
With a significant history of capital raises, including a major enterprise-level funding round and a recent strategic investment, SugarSync appears poised for continued scaling and innovation. The company's focus on cross-device accessibility and secure file sharing positions it well within the competitive cloud services market. Future strategic moves will likely involve enhancing its platform's capabilities, expanding its user base, and potentially exploring new enterprise solutions or partnerships to leverage its established infrastructure and market presence.
See full SugarSync company page
