About BetterCloud
BetterCloud is a company based in New York (United States) founded in 2011 by David Politis.. BetterCloud has raised $186.87 million across 9 funding rounds from investors including Dropbox, Accel and Warburg Pincus. The company has 277 employees as of December 31, 2022. BetterCloud has completed 1 acquisition, including Tricent. BetterCloud offers products and services including BetterCloud Platform, File Governance, User Automation, and Spend Optimization. BetterCloud operates in a competitive market with competitors including Vendr, Zluri, Productiv, Zylo and DoiT International, among others.
- Headquarter New York, United States
- Employees 277 as on 31 Dec, 2022
- Founders David Politis
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Bettercloud, Inc.
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Products & Services of BetterCloud
BetterCloud offers a comprehensive portfolio of products and services, including BetterCloud Platform, File Governance, User Automation, and Spend Optimization. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for end-to-end SaaS automation and optimization
Tool to manage and secure cloud files for compliance
System for automating user onboarding and offboarding processes
Feature to control SaaS expenses and identify underutilized resources
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Funding Insights of BetterCloud
BetterCloud has successfully raised a total of $186.87M across 9 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Last Round
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First Round
First Round
(10 May 2012)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series G - BetterCloud | Valuation |
investors |
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| May, 2020 | Amount | Series F - BetterCloud | Valuation | Warburg Pincus | |
| Sep, 2019 | Amount | Series E - BetterCloud | Valuation | Dropbox |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BetterCloud
BetterCloud has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Dropbox, Accel and Warburg Pincus. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are directed toward high-growth enterprise software and technology companies.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Multiple sectors are targeted for venture capital investments by Greycroft.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BetterCloud
BetterCloud has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Tricent. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Enterprise document collaboration is enabled through a cloud-based platform.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - BetterCloud
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bettercloud Comparisons
Competitors of BetterCloud
BetterCloud operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vendr, Zluri, Productiv, Zylo and DoiT International, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS management platform is provided for procurement and IT teams.
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| domain | founded_year | HQ Location |
SaaS applications are discovered, managed, and access-controlled via Zluri's platform.
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| domain | founded_year | HQ Location |
Productiv is focused on SaaS portfolio management and AI visibility.
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| domain | founded_year | HQ Location |
SaaS management and optimization services are provided by Zylo.
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| domain | founded_year | HQ Location |
Cloud spend management platform for enterprises
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bettercloud
Frequently Asked Questions about BetterCloud
When was BetterCloud founded?
BetterCloud was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is BetterCloud located?
BetterCloud is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of BetterCloud?
Jesse Levin is the current CEO of BetterCloud.
Is BetterCloud a funded company?
BetterCloud is a funded company, having raised a total of $186.87M across 9 funding rounds to date. The company's 1st funding round was a Series E of $5M, raised on May 10, 2012.
How many employees does BetterCloud have?
As of Dec 31, 2022, the latest employee count at BetterCloud is 277.
What does BetterCloud do?
BetterCloud was founded in 2011 in New York, United States, as a provider of SaaS applications management solutions. Cloud-based software for directory management and enterprise security is offered to IT administrators in cloud-enabled organizations. Controls, visibility, and automation features are included to support operations. Clients such as Zoom, Walmart, and Livongo are served within the technology sector.
Who are the top competitors of BetterCloud?
What products or services does BetterCloud offer?
BetterCloud offers BetterCloud Platform, File Governance, User Automation, and Spend Optimization.
How many acquisitions has BetterCloud made?
BetterCloud has made 1 acquisition, including Tricent.
Who are BetterCloud's investors?
BetterCloud has 13 investors. Key investors include Dropbox, Accel, Warburg Pincus, Vista Equity Partners, and Greycroft.
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