On September 15, 2021, Rewind announced it has completed its US$65 million financing round led by Insight Partners and including participation from Inovia Capital, Bessemer Venture Partners, Ridge Ventures, ScaleUP Ventures, FundFire, Atlassian Ventures and Union Ventures. The financing will be used to expand its business by accelerating the rollout of backup products for users of other cloud software. Rewind also plans to use the funding for marketing and sales, and to grow its team.
Inovia Capital is a Montreal-based venture capital firm specializing in investments in technology companies.
Rewind is a software company focused on providing online backup services for SaaS applications, allowing companies to back up, restore and copy data.
Osler, Hoskin & Harcourt LLP advised Inovia Capital with a team consisting of Chad Bayne, Gary Marshall and Sahil Chopra (Emerging and High Growth Companies).