Carbonite Stores Up $20M More

Wade Roush1/7/10

[Updated 5:00 p.m. 1/7/10 with information about the investors in the round] Boston-based Carbonite, which shares the market for online PC backup services with EMC’s Mozy, has raised an additional $20 million round of funding, according to a regulatory filing today. New investor Crosslink Capital of San Francisco led the round, and all of the company’s prior investors also participated, says David Friend, Carbonite’s founder and CEO. “This is a mezzanine round which we anticipate will accelerate our growth going into an IPO a year or so out,” Friend tells Xconomy. The company has previously raised about $47 million, including, most recently, a $20 million Series C round in September 2008 that included Menlo Ventures, 3i Group, Performance Equity, and CommonAngels.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.