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Rewind Closes USD $65M in Series B Funding
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Rewind Closes USD $65 Million Series B as Demand for Cloud Backup and Recovery Solutions Continues to Grow
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Rewind Closes USD $15 Million Series A to Meet Mounting Market Demand for Cloud Data Protection
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Based on the Company’s Exceptional Growth and Proven Market Need, Top Investors Support Its Vision for Comprehensive Protection Across All Major SaaS Products OTTAWA, Ontario (PRWEB) January 19, 2021
Rewind today announced the close of a USD $15 million Series A round of financing led by Inovia Capital. Based on a dramatic spike in businesses’ reliance on cloud applications over the last three years, Rewind has protected the data of more than 80,000 businesses worldwide (including Badgley Mischka, Charmin, Magnolia, Pampers and Paul Mitchel) and grown its revenue by 1,113 percent. Ridge Ventures and Bessemer Venture Partners also participated in the round, which Rewind will use to fuel its continued expansion as it builds out backup-as-a-service (BaaS) support for business-critical SaaS applications.