SaaS Operations Management Platform Closes $60 Million Funding

BetterCloud, a SaaS operations management platform, acquired $60 million in Series E financing led by new investor Bain Capital Ventures, as well as existing investors Accel, Greycroft Partners (through Greycroft Growth), Flybridge Capital Partners, Tribeca Venture Partners, and New Amsterdam Growth Capital.

The company says that the funding comes on the heels of strong company momentum and market recognition, with 70 percent quarter-over-quarter sales in 2017. Identified by Gartner as a representative vendor in its inaugural “Market Guide for Cloud Office Management Tools” in October 2017, 451 Research also recognized BetterCloud as pioneering the emerging SaaS Operations Management market.