Axcient Receives $15,500,000 Series C Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f1537373-391b-430a-93a6-a9a140e44b56&Preview=1 -
Date
10/3/2011 -
Company Name
Axcient -
Mailing Address
2761 Marine Way Mountain View, CA 94043 -
Company Description
Axcient offers the first plug-and-play data protection service to make business continuity and online backup simple for small and medium sized businesses (SMB). Axcient incorporates an onsite data backup and replication management appliance with offsite cloud-based storage and services, delivering a secure and cost-effective way to ensure uptime and data recovery. -
Website
http://www.axcient.com -
Transaction Type
Venture Equity -
Transaction Amount
$15,500,000 -
Transaction Round
Series C -
Proceeds Purposes
In addition to expanding its platform, Axcient plans to triple its sales and marketing department and aggressively target the millions of businesses that still rely on legacy tape systems to protect their data. -
M&A Terms
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Venture Investor
Scale Venture Partners -
Venture Investor
Allegis Capital -
Venture Investor
Peninsula Ventures -
Venture Investor
Thomvest Ventures
