# Sugarsync

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

- Industry: Software
- Headquarters: Los Angeles, US
- Website: www.sugarsync.com
- Total disclosed funding: $35M
- Latest round: Series D (Dec 8, 2011)
- Investors on record: 6

## About

SugarSync, Inc. is a cloud-based service that specializes in file sharing, synchronization, and online backup solutions, empowering users to access and manage files seamlessly across devices.Founded in 2004 and headquartered in Los Angeles, US, SugarSync, Inc. focuses on providing cloud storage solutions for both individuals and businesses. The company has successfully raised a total of USD 10.00 mn through various funding rounds, with the most recent funding being a VENTURE DEBT round amounting to USD 3.00 mn on March 24, 2015. Notable investors in this round include Coral Group, Draper Fisher Jurvetson, and Sigma Partners. The company has completed a total of 9 deals to date. In March 2015, SugarSync's online file backup, synchronization, and sharing assets were acquired by J2 Global, indicating a strategic pivot in its business operations.SugarSync specializes in cloud-based file sharing, file synchronization, and online backup solutions tailored for individual and business users. Its core offerings include the ability to automatically sync multiple folders across various devices, allowing users to access and manage their files seamlessly, regardless of location. The service supports remote wiping capabilities, which enable users to erase synchronized files from lost or stolen devices while retaining data in the cloud. SugarSync aims to facilitate collaboration on projects by enabling users to share view-only files and links to documents. The platform is accessible on iOS and Android mobile devices, enhancing productivity for users who require file access on the go. SugarSync serves a diverse client base that spans small and medium-sized enterprises, professionals, and individual consumers primarily in North America, Europe, and parts of the Asia-Pacific region.SugarSync generates revenue primarily through subscription-based pricing models for its services, allowing users to select plans that best fit their storage needs and usage patterns. The company offers various tiers, including individual plans for 100 GB at USD 7.49 per month, 250 GB at USD 9.99 per month, and 500 GB at USD 18.95 per month. For business clients, SugarSync provides a premium team collaboration plan that starts at USD 55 per month for three users, offering 1 TB of storage, administrative controls, and premium customer support. Each subscription is structured to accommodate varying levels of storage and features, ensuring users can manage and share their files efficiently. The revenue model reflects a direct-to-consumer approach, focusing on delivering value through accessible pricing and robust functionality for both personal and business applications.Following its acquisition in March 2015, SugarSync is leveraging the funding received to enhance its product offerings and expand its market presence. Plans include the development of new features aimed at improving user experience and increasing storage capabilities, with anticipated launches by late 2016. The company is also targeting expansion into emerging markets in the Asia-Pacific region, aiming to establish a stronger foothold by 2017. The recent funding will be utilized to support these initiatives, ensuring that SugarSync continues to evolve and meet the needs of its growing customer base.

## Funding rounds

- Series D, Dec 8, 2011, $8.5M — Coral Group, Draper Fisher Jurvetson, Hatteras Venture Partners, Hercules Capital, Sigma Partners
- Series C, Dec 24, 2008, $10M — Draper Fisher Jurvetson, Selby Venture Partners, Sigma Partners
- Series B, Mar 8, 2006, $13M — Draper Fisher Jurvetson, Selby Venture Partners, Sigma Partners
- Series A, Sep 21, 2005, $3M — Draper Fisher Jurvetson, Selby Venture Partners

## Investors

- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series A, Series B, Series C, Series D
- Selby Venture Partners (https://capitalatlas.ai/funds/selby-venture-partners) — Series A, Series B, Series C
- Sigma Partners — Series B, Series C, Series D
- Coral Group (https://capitalatlas.ai/funds/coral-group) — Series D
- Hatteras Venture Partners (https://capitalatlas.ai/funds/hatteras-venture-partners) — Series D
- Hercules Capital (https://capitalatlas.ai/funds/hercules-capital) — Series D