Russia’s Runa Capital leads investment round in Dutch cloud backup provider
Runa Capital, a Moscow-based, $135 million tech fund operating internationally, has led a $2 million investment round in BackupAgent, with existing investor Solid Ventures also participating in the round. The company has yielded a minority stake in the transaction which was announced this morning.
A major provider of cloud backup solutions, BackupAgent is headquartered in the Netherlands, but has a development team in Ukraine. Its software is designed for service providers, hosting providers, and telcos that provide backup services to their SME customers.
Unlike other cloud backup products, BackupAgent offers such essential features as “deep branding possibilities and an API for integration with any (third party) control panels.” The company claims that its technology “eliminates all scalability barriers.”
The startup is developing a central, browser-based management interface designed to “manage all backups across cloud services and devices” in corporate networks.
BackupAgent’s software platform is currently deployed at more than 400 service providers, hosting companies, and telcos with more than 35,000 end-users across the globe, the company claims.
According to a recent research by Parallels, over 50% of SMBs plan to use cloud-based backup solutions by 2016.
Parallels, a partner of BackupAgent, was founded in 1999 by Sergey Belousov, who also founded Runa in 2011.
Runa Capital’s portfolio companies represent more than $10 billion in assets. It has invested in a range of tech companies across the world, including ThinkGrid (acquired by Colt), Nginx, Talkbits, Jelastic, Metabar, Travelmenu, BigTime Software, Ecwid, StopTheHacker, Capptain, B2B-Center, Infratel, Domosite.ru, Eruditor Group, LinguaLeo, Cellrox, and Mambu.
First published in East-West Digital News.