What Company Is Offering:
Carbonite is online backup service company . It is providing unlimited backup space for a flat low price and it revolutionized the market for consumer and small business backup services. So far, it have backed up and protected more than 39 billion files and restored more than 3.2 billion lost files for customers in over 120 countries.
How Much It Got From VC Funding:
It has got $20 million of VC funding which is led by Crosslink Capital of San Francisco based company. Some other earlier VCs also participated in this round of funding like Menlo Ventures, Performance Equity, and Common Angels Fund. With this funding now it has raised total $67 million in funding.
Its expertise is in discovering and managing growth situations, regardless of stage—from two-person, seed-stage private companies to public growth companies with several hundred employees. They will work side-by-side with management. They can help you identify and attract additional talent and strategic partners through our extensive networks. We can help you understand the macro trends affecting your public and private competitors and can identify the specific actions you need to take to prevail in your market.
With over $4 billion under management since 1976, they are one of the largest technology venture funds in the world; the kind of partner you want when seeking to change the world.At Menlo Ventures, they invest in entrepreneurs that Think Big. They seek passionate teams with big ideas that can disrupt existing industries or create entirely new markets. Its track record over the past 32 years of helping companies achieve market leadership through great strategy and great execution speaks for itself: over 300 companies, creating tens of billions of dollars in market value and hundreds of thousands of jobs.