BetterCloud, a New York City-based provider of cloud management tools for Google Apps, has raised $5m in Series A financing.
The round was led by David Aronoff of Flybridge Capital Partners, with participation from Greycroft Partners and TriBeCa Venture Partners as well as existing investors Bear Creek Capital and BLH Venture Partners.
The company intends to use the capital to expand sales, marketing and product development efforts to support and accelerate FlashPanel adoption.
Led by David Politis, Founder and CEO, BetterCloud provides FlashPanel, a directory management and Google Drive security application, and Ask the Gooru, which provides free Google Apps training videos and aims to further the adoption of Google Apps. The company has acquired more than 15,000 customers worldwide.
In conjunction with the funding, David Aronoff will join the company’s board of directors.
10/05/2012 BetterCloud Raises over $2M in Seed Funding (read here)