Carbonite, online backup company, raises $15M

Carbonite, a Boston, Mass. company that offers an easy online backup service to consumers and small businesses, has raised $15 million more in a second round of financing.

The round was led by Menlo Ventures, and included 3i Group and Common Angels.

Carbonite appears to have some momentum because of the simplicity of its plan. People pay $50 a year for unlimited backup. That’s pretty competitive. It’s easy to use: You sign up on the website and Carbonite guides you through the rest of the steps. It has not disclosed how many customers it has, but the size of the investment suggests the company must have traction.

This is a competitive sector, with plenty of competitors. But many aren’t as focused as purely on backup. See Terence Pua’s review of the other players, who include Mozy, EVault, Sharpcast, Omnidrive among others

The company has now raised $21 million.

Carbonite said it will launch a Mac OS X version this summer.

Next Story:
Previous Story:

Tags:

About the Author,

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.

blog comments powered by Disqus