What is Veeam?
Founded in 2006, Veeam has established itself as a leader in backup, recovery, and data management solutions, delivering what it terms Modern Data Protection. The company's comprehensive platform is designed to safeguard applications and data across Cloud, Virtual, Physical, SaaS, and Kubernetes environments. Veeam's core value proposition centers on providing customers with the assurance that their critical assets are protected against threats such as ransomware, disasters, and malicious actors, ensuring continuous availability through a flexible, reliable, and powerful platform. This focus on resilience and availability is a key differentiator in the competitive enterprise software landscape.
How much funding has Veeam raised?
Veeam has raised a total of $7.5B across 3 funding rounds:
Private Equity
$500M
Private Equity
$5B
Stock Offering
$2B
Private Equity (2019): $500M with participation from CPP Investments and Insight Venture Partners
Private Equity (2020): $5B led by Insight Partners
Stock Issuance/Offering (2024): $2B supported by TPG, NB Capital Solutions, and Temasek
Key Investors in Veeam
TPG
TPG is a global investment firm focused on managing alternative assets and supporting business growth across diverse industries. It provides investment management, advisory, and capital solutions to institutions and companies worldwide, operating across private equity, credit, real estate, and impact investing.
NB Capital Solutions
Neuberger Berman Capital Solutions is a partnership-focused investor specializing in providing bespoke minority capital solutions to leading companies across various sectors. They offer flexible investment mandates tailored to meet specific objectives, utilizing various security structures.
Temasek
Founded in 1974, Temasek is a global investment company headquartered in Singapore. It operates as a generational investor, seeking to make a difference with tomorrow in mind.
What's next for Veeam?
The substantial enterprise-level funding and recent strategic investment position Veeam for accelerated growth and further technological advancement. This capital infusion is likely to fuel continued research and development, enhancing its platform's capabilities in areas such as cloud-native data protection and advanced ransomware defense. Furthermore, the backing from prominent investors suggests a strategic focus on expanding Veeam's global market reach and strengthening its competitive edge against emerging threats and evolving data management needs. The company is poised to solidify its leadership in the Modern Data Protection space.
See full Veeam company page
