# Backbone PLM

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/backbone-plm

- Industry: Software
- Headquarters: Boulder, US
- Website: www.backboneplm.com
- Total disclosed funding: $19M
- Latest round: Series A (Aug 5, 2019)
- Investors on record: 9

## About

Backbone PLM, Inc. is a US-based company specializing in Product Lifecycle Management (PLM) solutions that enhance product development efficiency for the fashion, apparel, and consumer goods sectors.Founded in 2014 in Boulder, US, Backbone PLM, Inc. provides a platform for managing product data and collaboration. The company has secured a total of USD 10.00 mn in funding through Series A led by Foundry Group. In March 2023, it was acquired by Bamboo Rose LLC, enhancing their design and sourcing capabilities. Backbone PLM specializes in a comprehensive Product Lifecycle Management (PLM) platform that streamlines product development processes for companies in the fashion, apparel, and consumer goods industries. Their offerings include managing product data, collaboration, and workflow automation, enabling businesses to optimize operations from design to production. The platform supports real-time communication among stakeholders, allowing effective management of product specifications, samples, and timelines. The client base ranges from small businesses to large enterprises, primarily in North America and Europe, focusing on sectors that require rapid product iteration and time-to-market responsiveness.Backbone PLM generates revenue through a subscription-based model, granting clients access to its PLM platform and additional services like training and support. Transactions typically occur annually, allowing for scalable usage. Different pricing tiers are available, including basic functionalities and advanced features for larger teams. These offerings significantly enhance operational efficiency and data management within the product development lifecycle, fostering strong client relationships in a competitive landscape.Backbone PLM plans to leverage the recent acquisition by Bamboo Rose LLC to enhance its creativity and productivity with design and sourcing technology aimed at retailers. The company will focus on launching new products that align with the needs of its customers and expanding its market presence in North America and Europe. The acquisition will facilitate these growth strategies, enabling Backbone PLM to strengthen its position and support its clients more effectively.

## Funding rounds

- Series A, Aug 5, 2019, $10M — Foundry Group
- Series A, Aug 9, 2018, $6.7M — Grotech Ventures, Signal Peak Ventures, Peterson Partners, Novel TMT Ventures, Spider Capital, Beanstalk Ventures, Brainchild Holdings
- Seed, Oct 26, 2017, $1.7M — Peterson Partners, Novel TMT Ventures, Spider Capital, Service Provider Capital, Brainchild Holdings
- Seed, Aug 22, 2016, $0.3M — Beanstalk Ventures

## Investors

- Beanstalk Ventures (https://capitalatlas.ai/funds/beanstalk-ventures) — Seed, Series A
- Peterson Partners (https://capitalatlas.ai/funds/peterson-partners) — Seed, Series A
- Novel TMT Ventures (https://capitalatlas.ai/funds/novel-tmt-ventures) — Seed, Series A
- Spider Capital (https://capitalatlas.ai/funds/spider-capital) — Seed, Series A
- Service Provider Capital (https://capitalatlas.ai/funds/service-provider-capital) — Seed
- Brainchild Holdings (https://capitalatlas.ai/funds/brainchild-holdings) — Seed, Series A
- Grotech Ventures (https://capitalatlas.ai/funds/grotech-ventures) — Series A
- Signal Peak Ventures (https://capitalatlas.ai/funds/signal-peak-ventures) — Series A
- Foundry Group (https://capitalatlas.ai/funds/foundry-group) — Series A