Carbonite Raises $20 Million in Third Round - Boston, MA
Carbonite, a Boston-based provider of online backup services for consumers and small businesses, announced on Monday that it has raised $20 million in its third round of venture capital, which was led by Performance Equity of Stamford, Conn. Founded in 2005, Carbonite launched its online backup service in May 2006. The company offers unlimited backup space for a flat fee. Carbonite says it has backed up more than 4 billion files so far, has restored more than 300 million lost files for its customers. Other investors in the company include Menlo Ventures, 3i, and Common Angels Fund.