Rewind has raised $15 million in Series A round of financing led by Inovia Capital. Ridge Ventures and Bessemer Venture Partners also participated in the round, which Rewind will use to fuel its continued expansion as it builds out backup-as-a-service (BaaS) support for business-critical SaaS applications.
Already protecting data in cloud apps like BigCommerce, QuickBooks Online, Shopify, and Shopify Plus, the company currently backs up over 33 billion data points globally.
Rewind said that it will use the funding to fulfil its mission of protecting businesses by protecting their cloud data. This raise will accelerate its product development pipeline, bringing new data protection solutions to market faster than any current BaaS provider.
Actively hiring across all core business functions, Rewind will also use the new capital to strengthen its R&D, sales, marketing and customer service teams to support its global market expansion.
Joining the Rewind Board of Directors, Charbonneau of Inovia Capital will work closely with the team to support Rewind’s expansion efforts.
In addition, Alexandra Sukin of Bessemer Venture Partners, Yousuf Khan of Ridge Ventures, and Alexander Rink of Rink Ventures will provide their insight as observers.
After leading its seed round, ScaleUP Ventures also joined the round, as did Fundfire, Mistral Venture Partners, and technology-focused angel investors.