500 Startups invests in DropmysiteTeam YS
Dave McClure's startup accelerator, 500Startups, has just invested in Dropmysite, the website, email and database backup solution in the cloud. This
investment will see Silicon Valley based 500 startups take a stake in Dropmysite.“Very few people think about backing up their e-mail, voicemail, or SMS until it's too late, and most carriers and ISP's can't help you if they lose your data. Dropmysite, however, solves that problem and allows any SMB to backup their e-mail or whatever else they need simply and cost-efficiently. It's a great cloud-based business that has the potential to go global”, says George Kellerman, Venture Partner of 500 Startups.
In this deal, 500 startups made an investment within their usual quantum of $25K-$250K USD on Dropmysite, which currently backs up a quarter of a billion emails and websites a day for nearly a million users. Having this investment will benefit Dropmysite by providing more cash to continue scaling up operations.“This partnership is yet another an endorsement of our vision of keeping all data safe in the cloud,” says John Fearon, CEO and founder of Dropmysite. “We are excited to be part of this organization and we look forward to working closely with George (Kellerman) in the future.”
Stay tuned for more from Dropmysite