- General
- May 20, 2020
- 3 minutes read
BetterCloud Nabs $75 Million In New Funding
BetterCloud board member Enrique Salem. Salem represents Bain Capital Ventures on BetterCloud’s board. Photo credit: Kevin Bocek on Flickr, under…
BetterCloud board member Enrique Salem. Salem represents Bain Capital Ventures on BetterCloud’s board.
Photo credit: Kevin Bocek on Flickr, under Creative Commons license
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BetterCloud, a New York-based SaaS company, has announced it’s secured a $75 million financing round led by private equity firm Warburg Pincus, with participation from existing investors including Accel, Bain Capital Ventures, Greycroft and e.ventures. The new financing adds up the total amount that BetterCloud has raised since its inception to about $187 million. BetterCloud develops software used by companies to help integrate and manage the various Softwares used for their operations, and as a coronavirus pandemic has led many companies to implement work-from-home policies primarily facilitated by software and internet-based collaboration, the company says it’s seen increased demand for its service.
BetterCloud doesn’t only help manage but also helps enterprises discover software that suits their needs. As a company, BetterCloud has secured partnerships with other well-known software companies including the likes of Dropbox, Okta, and OneLogin, to help improve its own software-as-a-service (SaaS) management platform. Currently, BetterCloud has more than 1,700 enterprise customers spread across the globe. The company has three offices across the US, one in New York where it’s headquartered and the remainder in the cities of San Francisco and Atlanta.