BetterCloud’s $75M Series F Financing


Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP represented BetterCloud in the transaction.

BetterCloud, the leading SaaSOps platform for managing and securing the digital workplace, announced it has closed a $75 million financing round led by Warburg Pincus, a leading global private equity firm focused on growth investing. The funding brings the company’s total amount raised to $187 million. Participating alongside Warburg Pincus are existing investors Accel, Bain Capital Ventures, Flybridge Capital Partners, New Amsterdam Growth Capital, Greycroft and e.ventures.

BetterCloud is the first provider of SaaSOps solutions to discover, manage and secure the digital workplace. Thousands of customers across 60+ countries rely on BetterCloud to automate processes and policies across a company’s SaaS application portfolio.

Warburg Pincus LLC is a leading global private equity firm focused on growth investing.

The Gunderson Dettmer deal team was led by Jack Paterson and included Ryan Purcell (Picture), Ken McVay, Katie Gardner, Alexander Stillman and Laura Chou.

Involved fees earner: Katherine Gardner – Gunderson Dettmer; Kenneth McVay – Gunderson Dettmer; Jack Paterson – Gunderson Dettmer; Ryan Purcell – Gunderson Dettmer; Alexander Stillman – Gunderson Dettmer;

Law Firms: Gunderson Dettmer;

Clients: BetterCloud;

Author: Ambrogio Visconti