OwnBackup inputs $240m in series E funding

Aug 11, 2021 • gcv admin

Salesforce invested in the data backup platform developer in a series E round which took its overall funding to almost $500m.

OwnBackup, a US-based data backup software provider, raised $240m yesterday in a series E round featuring Salesforce Ventures, the corporate venturing arm of enterprise software provider Salesforce, at a valuation close to $3.35bn.

Investment firms Alkeon Capital and B Capital Group co-led the round, which included growth equity firm Insight Partners and venture capital firms Sapphire Ventures and Vertex Ventures as well as a secondary investment provided by BlackRock Private Equity Partners and Tiger Global Management.

Founded in 2015, OwnBackup…

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