Carbonite, a Boston company that offers an PC backup service for consumers, has raised $5.2 million more to add to its second round of financing.
The latest money round was led by investor Four Rivers Partners, and included investors 3i Group, Common Angels and Menlo Ventures, according to VentureWire, which reported the news based on a regulatory filing.
A filing from the Securities and Exchange Commission detailing the tranche lists Four Rivers Partners as an investor. Four Rivers Partners is a new fund managed by Farouk Ladha, a former partner of SVB Capital. Ladha declined to comment.
Carbonite’s software, when downloaded on a PC, continuously backs up files as they are worked on, and saves them in a place online, so that they can be retrieved and installed on a new computer if something happens with your existing one.The total funding for the second round is $20.2 million, according to the company.
Tags: co:Carbonite, deal, inv:3i-Group, inv:Common-Angels, inv:Four-River-Partners, inv:Menlo-Ventures
3 Comments
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Jay Parkhill said:
Carbonite is a really great name for a storage business- unless *your* name is Han Solo.
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Online Backup said:
Wow, that is a lot of moolah for a company that is in a very competitive industry. There are tons of options out there like Mozy, iDrive, Carbonite, etc. I hope they thought this through.
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ludy said:
I’ve read on Wikipedia about remote backup and I tried some services, but the only one I bought is Memopal.
Memopal offers a search engine online that helps me find archived documents in few seconds. Some Competitors have a search engine too but it’s very slow and usually it is not online.
Memopal is online storage, online backup and file sharing services into one product.Memopal saves all versions of my documents. Moreover I have two computers, desktop ad laptop, and I can install Memopal on both buying only one license. It’s great!
