Carbonite, online backup service for consumers, raises $5.2M more
Carbonite, a Boston company that offers an PC backup service for consumers, has raised $5.2 million more to add to its second round of financing.
The latest money round was led by investor Four Rivers Partners, and included investors 3i Group, Common Angels and Menlo Ventures, according to VentureWire, which reported the news based on a regulatory filing.
A filing from the Securities and Exchange Commission detailing the tranche lists Four Rivers Partners as an investor. Four Rivers Partners is a new fund managed by Farouk Ladha, a former partner of SVB Capital. Ladha declined to comment.
Carbonite’s software, when downloaded on a PC, continuously backs up files as they are worked on, and saves them in a place online, so that they can be retrieved and installed on a new computer if something happens with your existing one.The total funding for the second round is $20.2 million, according to the company.
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