Accellion Raises $12M from Riverwood Capital

Accellion, Inc., a Palo Alto, California-based provider of enterprise file sharing solutions, has raised $12m in a Series “3” round of funding from Riverwood Capital.

The company intends to use the new capital to accelerate its growth, continue to invest in the development of enterprise-grade mobile file sharing product offerings, pursue strategic partnerships, and grow its team internationally.

Founded in 1999 and led by CEO Yorgen Edholm, Accellion provides cloud-based solutions that span public, private and hybrid cloud deployment, for secure access to information by employees and external users from the Web, iPad, iPhone, Android and Blackberry mobile devices.
Customers include corporations and government agencies.

Riverwood Capital has joined Baring Private Equity Partners Asia as investors in the company, which has offices in North America, Asia, and Europe.



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