BetterCloud takes in $60 mln Series E


New York City-based BetterCloud, an SaaS operations management platform, has raised $60 million in Series E financing. Bain Capital Ventures led the round with participation from return backers Accel, Greycroft Partners, Flybridge Capital Partners, Tribeca Venture Partners and New Amsterdam Growth Capital. In conjunction with the funding, Enrique Salem, managing director at Bain Capital Ventures and former president and CEO of Symantec, will join BetterCloud’s board of directors.

Source: Press Release