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 and share them via a simple URL, effectively creating a personal cloud service that aligns with users' existing organizational habits. SugarSync has been recognized for its offerings, including being named the Best Cloud Storage Service of 2011 by Gizmodo and receiving multiple other industry accolades. Its file sharing and collaboration tools are designed for seamless integration with social networks and communication channels.
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 Selby Venture Partners and Threshold
Series B (2006): $13.5M led by Sigma Partners, Selby Venture Partners, and Draper Fisher Jurvetson
Series C (2009): $10M supported by Sigma Partners, Selby Venture Partners, and Draper Fisher Jurvetson
Series D (2012): $15M featuring Draper Fisher Jurvetson, Hercules Technology Growth Capital, Sigma Partners, Coral Group, and Hatteras Venture Partners
Private Equity (2012): $10M backed by ORIX
Debt (2013): $3M, investors not publicly disclosed
Key Investors in SugarSync
ORIX
ORIX, founded in 1964, is a diversified financial services group offering a wide array of services including financing, investment, insurance, banking, and asset management. The company is headquartered in Tokyo, Japan.
Draper Fisher Jurvetson
Draper Fisher Jurvetson (DFJ) is a venture capital firm that invests in extraordinary entrepreneurs globally, focusing on disruptive technologies. With a significant capital commitment, DFJ has backed numerous successful companies across various sectors.
Hercules Technology Growth Capital
Hercules Technology Growth Capital is a specialty finance company providing venture growth loans to high-growth, venture capital-backed companies in technology, life sciences, and sustainable technology industries. They are headquartered in Palo Alto, California.
What's next for SugarSync?
The recent major strategic investment signifies a pivotal moment for SugarSync, positioning it for accelerated scaling and market penetration. This capital infusion, coupled with its established reputation and award-winning services, suggests a strategic focus on enhancing its platform's capabilities and expanding its user base. The company is likely to leverage this financing to further innovate in areas such as cross-device synchronization, secure file sharing, and enterprise-grade cloud solutions, aiming to solidify its competitive edge against a backdrop of evolving cloud storage demands and emerging technologies.
See full SugarSync company page
