Rewind, a software-as-a-service (SaaS) application data backup and recovery platform from Canada, has officially completed a $65 million Series B fundraising round.

The investment will enable the company to continue expanding its services and hiring talent to further enhance its solutions.

Rewind’s latest funding round includes investments from Insight Partners, Bessemer Venture Partners, Atlassian Ventures, Union Ventures, FundFire, Inovia Capital, Ridge Ventures, and ScaleUp Ventures. 

The company had raised over $15 million before this latest round of funding, most of which came through its series A funding round in January.

Company Overview

Rewind was founded in Ottawa, Canada in 2015 and initially offered backup services for businesses running Shopify, BigCommerce, and Intuit QuickBooks. However, it has since acquired BackHub to extend its support to GitHub and added support for Trello earlier this year. The company provides data backup and recovery solutions for users of SaaS apps, giving them the ability to restore any files or data to a specific date and time.

Mike Potter, the CEO at Rewind, foresees a future where businesses are so addicted to cloud tools and the precious data they contain, that backing up will become as basic as brushing your teeth. Rewind’s mission is to step in and save the day by offering backup services for more and more applications that companies can’t live without, ensuring business continuity even in the event of a catastrophe. This startup is on a mission to fill a critical gap in current backup protection efforts, and with its latest funding, it’s gearing up to expand its coverage and fortify businesses’ data protection like never before.

With the demand for cloud backup services continually increasing, Rewind aims to sustain the growth it has seen since 2020. The recent funding round will help the company to continue expanding its services and offering reliable data backup and recovery solutions for businesses running SaaS apps. is essential: Insights from Rewind’s CEO Mike Potter

Funding Round Details

Rewind, a Canadian data backup and recovery platform for software-as-a-service (SaaS) applications, has just closed a $65 million Series B funding round. The investment was led by 

• Insight Partners and joined by Atlassian Ventures
• Bessemer Venture Partners
• FundFire
• Inovia Capital
• Ridge Ventures
• ScaleUp Ventures
• Union Ventures.

Prior to this, Rewind had raised a little over $15 million, mainly from its Series A funding round.

Mission and Vision of Rewind  

The money will be used to create fresh SaaS backup solutions and recruit the personnel needed to bring them to market.Rewind plans to cement its position in the data backup and recovery space by filling the critical gap in current backup protection efforts and extending its coverage to more applications that companies of all sizes have come to rely on. It has already announced plans to integrate with SaaS services such as Xero, Zendesk, GitLab, Bitbucket, Jira, Weebly, HubSpot, Zoho, Confluence, Basecamp, Monday.com, Asana, and Airtable.

Investor Information

The funding round was led by none other than Insight Partners, a New York-based venture capital and private equity firm. These bigwigs have a killer rep for investing in high-growth companies, especially in the tech and software game. And get this: they’ve thrown their cash at big names like Shopify, Udemy, and Qualtrics. Talk about backing the right horse!

But wait, there’s more. Other investors who threw down in the funding round included Bessemer Venture Partners, Lead Edge Capital, and Greenspring Associates. These folks are no small potatoes, either.

Co-Founders’ Statements

According to the co-founders, James Ciesielski and Mike Potter, the future’s so bright, they gotta wear shades! They’re thrilled about the additional funding and can’t wait to put it to good use. Their plans include expanding the team, developing the platform even further, and dominating the market like a boss.

But don’t think for a second that these co-founders are sellouts. They’re committed to maintaining their company’s culture and values, which have been key to their success so far. 

Company Services:

If you’re sweating bullets over the security and management of your SaaS applications, Rewind’s got you covered. 

• This platform lets you backup and restore your data to a specific date and time, giving you back the control you thought was lost forever. 

• Rewind’s got your back, historically offering data backup services for Shopify, BigCommerce, and Intuit QuickBooks. But they’re not stopping there, folks. 

• They’re also extending their support to popular SaaS apps like GitHub, Trello, Xero, Zendesk, Jira, Bitbucket, and so many more. And with Rewind’s recent acquisition of BackHub, they’re just showing off their backup prowess.

Previous Funding and Investment:

Before their latest round of funding, Rewind had already raised over $15 million, with most of it coming from their series A round. But their recent $65 million funding round, led by Insight Partners, Bessemer Venture Partners, Atlassian Ventures, Union Ventures, FundFire, Inovia Capital, Ridge Ventures, and ScaleUp Ventures, takes the cake. Rewind’s planning on using this hefty sum to develop new backup solutions for SaaS and bring these products to market by hiring top-notch talent. The funds will also help them capitalize on the cloud boom and expand their coverage to even more SaaS applications that companies have come to rely on.

Conclusion:

Let’s face it, folks. You need Rewind in your life. Their services fill a critical gap in backup protection for SaaS applications, and their recent funding will keep them going strong since 2020. As remote work becomes the new normal, the need for reliable and efficient data backup and recovery will only grow. That’s where Rewind comes in, providing businesses with a platform that lets them manage their accounts and data securely.

 And with this latest investment, they’re poised to keep expanding their services and cement their position in the data backup and recovery space. Rewind’s mission aligns perfectly with the times, giving businesses the control and confidence they need to thrive in a cloud-based world.

FAQs About Rewind