PE Deals

Mill Point backs cloud backup software firm CrashPlan

CrashPlan was released in 2007.

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  • The product is currently being used by more than 900 enterprise organizations and over 120,000 small business customers
  • Mill Point Capital targets lower-middle market companies, with a focus on industrials, business services and IT services sectors in North America
  • Mill Point is based in New York City

Mill Point Capital has made an investment in Minneapolis-based CrashPlan, a provider of cloud backup and recovery solutions.

“We couldn’t be more excited to help CrashPlan, its customers, and the team grow as part of the Mill Point portfolio of companies. I’m thrilled to see what we can do together,” said Richard Summers, a partner of Mill Point Capital, in a statement.

Since its release in 2007, CrashPlan has been the byword for secure, scalable, straightforward data backup. Today, the product protects data for more than 900 enterprise organizations and over 120,000 small-business customers across the globe.

Mill Point Capital targets lower-middle market companies, with a focus on industrials, business services and IT services sectors in North America. Mill Point is based in New York City.