Spanning Cloud Apps Raises $2 Million Series A Round of Venture Funding From Foundry Group

Austin, TX – April 6, 2011 — Spanning Cloud Apps, the makers of Spanning Backup for Google Workspace, today announced that the company has secured $2 million of funding from Foundry Group, a Boulder-based venture capital firm. Launched in September 2010 and spun out of Spanning Sync, Inc., Spanning Cloud Apps will apply the resources to continue to build on the company’s growing portfolio of cloud applications for Google Workspace as well accelerate development of complementary solutions for other major cloud service providers.

Spanning Backup is the highest-rated Security & Compliance app in the Google Workspace Marketplace, is among the highest-rated paid apps overall, and has already backed up more than 1 billion documents, calendar events, and contacts for Google Workspace users.

“When Google Workspace customers learn about Spanning Backup, their first question isn’t, ‘How much does it cost?’ but rather, ‘How soon can we turn it on?’” said Charlie Wood, Spanning Cloud Apps founder and CEO. “We help a lot of Google Workspace admins sleep a lot better at night.”

The Austin-based company has also added Seth Levine, Managing Director at the Foundry Group, to its board of directors.

“We couldn’t be happier to work with Seth and the rest of the Foundry team,” said Wood. “With Foundry’s support and deep experience in the market we plan to extend our lead in Google Workspace backup and use that leadership position to build out a broad portfolio of cloud apps.”

“It’s very exciting to work with fresh and ambitious companies such as Spanning Cloud Apps,” said Seth Levine, Managing Director at Foundry Group. “The caliber of the team and their proven ability to execute made them a very strong fit at Foundry Group. We’re very excited to help this team achieve its very ambitious goals.”

Spanning Cloud Apps’ flasghip product, Spanning Backup, continually backs up Google Workspace data to the cloud. While Google’s infrastructure includes extremely sophisticated internal disaster recovery capabilities, Spanning Backup provides backup and restore functionality for Google Workspace users and administrators. The product provides simple, always-on protection against accidental and malicious data loss and corruption.

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About Spanning Cloud Apps

Founded in 2010 and spun out of Spanning Sync, Inc., Spanning Cloud Apps is a cloud-based application developer focused on backup solutions for today’s most widely adopted cloud-computing suites including Google Workspace. Spanning Backup, the company’s flagship product, is the top-rated backup solution for Google Workspace users and administrators. The company is backed by Foundry Group, and is based in Austin, Texas.

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About Foundry Group

Foundry Group is a venture capital firm focused on investing in early-stage information technology, Internet, and software startups. In addition to providing the necessary venture capital to get a company up and running, Foundry Group is committed to leveraging their experience in starting and growing companies, expertise in the technology industry, and network of relationships to help great entrepreneurs turn great ideas into great companies. Foundry Group is based in Boulder, Colorado, and invests in companies located across the United States.

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Press Contact:
Josh Jones-Dilworth
Jones-Dilworth Inc.
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