Limited Time Offer
Get $1000 towards your
first investment
Start investing in private markets with Linqto – your access to disruptive startups and pre-IPO companies.
*Terms and conditions apply. See details
OwnBackup, founded in 2015 and headquartered in Englewood Cliffs, New Jersey, is a leading provider of cloud-to-cloud data protection and recovery services. The company specializes in safeguarding critical data for businesses using customer relationship management (CRM) platforms, offering solutions for automated backup, rapid recovery, and data security.
Since its inception, OwnBackup has demonstrated impressive growth and attracted significant investor interest. The company has successfully raised over $507 million across multiple funding rounds, with its latest Series E round in August 2021 securing $240 million at a valuation of $3.35 billion. This substantial funding and valuation highlight the market's confidence in OwnBackup's business model and growth potential.
OwnBackup's strong performance in the cloud data protection sector has positioned it as a notable player in the tech industry. However, as of now, there are no official announcements or confirmed reports regarding OwnBackup's plans for an initial public offering (IPO). The company's future plans for going public remain uncertain.
Several factors could influence OwnBackup's decision to pursue an IPO, including market conditions, the company's financial performance, and its long-term growth strategy. The company's impressive funding history and high valuation suggest that it has achieved significant milestones, which are often considered when companies contemplate going public. However, without official statements or concrete information, any discussion about OwnBackup's IPO prospects remains speculative.
Investors interested in OwnBackup or similar companies in the cloud software and data protection sector should continue to monitor official announcements and verified news sources for any updates regarding potential IPO plans or other significant developments.
Get $1000 towards your
first investment
*Terms and conditions apply. See details
While OwnBackup's IPO timeline remains uncertain, investors interested in the data protection and cloud-to-cloud backup sector don't have to wait on the sidelines. At Linqto, we offer accredited investors the opportunity to access interests in promising private companies like OwnBackup before they go public. Our platform allows you to diversify your portfolio with pre-IPO investments in potential industry leaders, with lower minimum investments than traditional private equity opportunities. By investing early through Linqto, you could potentially benefit from OwnBackup's growth and innovation in the SaaS backup space.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.
