On January 19, 2021, Rewind completed its US$15 million Series A financing round led by Inovia Capital. This funding will help Rewind to continue its expansion building its backup-as-a-service (BaaS) support for business-critical SaaS applications. Rewind will use the capital to protect their cloud data and accelerate its product development pipeline, bringing new data protection solutions to market faster than any current BaaS provider. Rewind also intends to use the financing to strengthen its R&D, sales, marketing and customer service teams to support its global market expansion.
Inovia Capital is a full-stack venture firm that partners with audacious founders to build enduring global technology companies.
Rewind helps businesses protect their SaaS and cloud data, the Rewind platform enables companies to back up, restore and copy the critical data that drives their business.
Osler, Hoskin & Harcourt LLP advised Inovia Capital with a team consisting of Chad Bayne, Gary Marshall, Sahil Chopra (Emerging High Growth Companies) and Emery White (Corporate).