Veeam Raises $500M in Secondary

Veeam has successfully raised $500M in a Secondary at a $5B valuation led by Insight Partners.

Company Overview

Veeam is a Data Protection company headquartered in Baar, Switzerland, founded in 2006 with 4000+ employees.

Backup and data management

Fundraising Details

• Amount Raised: $500M
• Round Type: Secondary
• Valuation: $5B
• Date: 2024-11-01
• Investors: Insight Partners

About Veeam

Backup and data management The company is positioned in the Data Protection sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: Baar, Switzerland
• Founded: 2006
• Team Size: 4000+
• Industry: Data Protection

What This Means

This funding round demonstrates strong investor confidence in Veeam's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Data Protection sector continues to attract significant investment as companies innovate to meet evolving market demands. Veeam's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $5B valuation marks an important milestone for Veeam, positioning the company among notable players in the Data Protection industry.

Looking Ahead

With this new capital, Veeam is well-positioned to execute on its growth strategy and continue building innovative solutions in the Data Protection space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-11-01. For more information about Veeam, visit their headquarters at Baar, Switzerland.