# Memeo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/memeo

- Industry: Internet
- Headquarters: Santa Clara, US
- Website: www.memeo.com
- Total disclosed funding: $11M
- Latest round: Series C (Feb 10, 2009)
- Investors on record: 3

## About

Memeo Inc. provides cloud-based solutions for enterprise-grade backup, synchronization, and secure file sharing, catering to diverse users from individuals to large organizations.Founded in 2003 and headquartered in Santa Clara, US, Memeo Inc. specializes in cloud-based data management solutions. The company has pivoted its strategy to meet market demands and was acquired by UNICOM Systems in March 2014 for an undisclosed amount. The firm has secured funding through 4 deals, with its latest being a Series C round on March 31, 2014, raising USD 3.00 mn from investors including Foundry Group, G51, and Square 1 Bank. The total amount raised by the company is USD 3.00 mn.Memeo specializes in enterprise-grade backup, synchronization, and secure cloud file-sharing solutions designed to empower individuals, small businesses, and large organizations in managing their digital assets. The core offerings include VeroFiles™, a robust service that allows users to consolidate and access critical files effortlessly from a centralized cloud location. These products are engineered to enhance data accessibility while ensuring security and reliability, addressing a variety of end-use cases such as protecting sensitive photos, music, and documents. The company effectively serves a diverse customer base, ranging from individual users looking for personal data management solutions to larger enterprises requiring comprehensive data management services. Memeo's products are marketed globally, with particular emphasis on regions where cloud-based solutions are increasingly critical for operational efficiency, such as North America and parts of Europe.Memeo generates revenue through a structured model primarily based on subscription services, targeting both B2B and direct-to-consumer segments. Clients engage with the company through various pricing plans that grant access to its suite of products and services, including the flagship VeroFiles™ offering. The transaction structure is designed to facilitate recurring revenue, allowing customers to subscribe on a monthly or annual basis for continual access to cloud storage and backup functionalities. By establishing partnerships with businesses and individual end-users, Memeo ensures a steady flow of transactions, enhancing its market presence and sustaining its growth trajectory. This revenue model underscores the company's commitment to providing reliable, scalable solutions tailored to the evolving needs of its clientele.The latest funding round, a Series C in March 2014, is expected to support future growth plans, including the development of new products aimed at enhancing user experience and expanding service offerings. Memeo is focusing on penetrating new markets, particularly in Europe and Asia, with a targeted timeline for significant expansion by 2015. The firm intends to leverage its recent funding to innovate and enhance its product portfolio, ensuring that it meets the growing demands of its customer base.

## Funding rounds

- Series C, Feb 10, 2009, $3M — G51, Foundry Group, Square 1 Bank
- Series B, Jan 7, 2008, $8.1M — Foundry Group
- Series A, Jan 1, 2007 — G51

## Investors

- G51 (https://capitalatlas.ai/funds/g51) — Series A, Series C
- Foundry Group (https://capitalatlas.ai/funds/foundry-group) — Series B, Series C
- Square 1 Bank — Series C