Riverwood Capital Invests $46.5M in Files.com

Riverwood Capital Leads $40M Growth Investment in Hyperproof

August 30, 2023

Cloud & SaaS

Hyperproof, a Bellevue-based SaaS risk and compliance management platform, closed a $40 million growth investment led by Riverwood Capital with participation from existing investor Toba Capital. The funding will be used to expand Hyperproof's enterprise-grade offerings, accelerate product development (including AI-driven automation) and scale the company's go-to-market for mid-market and large enterprise customers.

Riverwood Capital Invests $24 Million in netLex

July 17, 2024

Cloud & SaaS

netLex, a Belo Horizonte-based Contract Lifecycle Management (CLM) platform, raised $24 million in a growth round led by Riverwood Capital. The funding will accelerate product development—particularly AI capabilities—and support netLex's expansion into markets beyond Brazil; Riverwood's Gustavo Pinheiro will join netLex's board.

Riverwood Capital Invests $50M in Sauce Labs

March 26, 2019

Cloud & SaaS

Sauce Labs received a $50 million growth investment from Riverwood Capital to accelerate product development, R&D and expand its Continuous Testing Cloud platform. As part of the investment, Riverwood partner Jeff Parks will join the Sauce Labs board to support the company's rapid growth and strategic initiatives.

Riverwood Capital Leads $50M Growth Investment in Legion Technologies

May 7, 2024

Cloud & SaaS

Legion Technologies, a provider of AI-native workforce management software, raised $50 million in a growth round led by Riverwood Capital with participation from existing investors including Norwest, Stripes, Webb Investment Network and XYZ. The capital will be used to accelerate product R&D, expand go-to-market (including a European GTM team) and support international customer growth.

Files.com Acquires ExaVault to Create Largest Cloud-Native File Automation Platform

March 23, 2022

Cloud & SaaS

Files.com, a Riverwood Capital–backed cloud-native SaaS platform headquartered in Scottsdale, Arizona, acquired ExaVault, a cloud file transfer vendor serving SMB and mid-market customers. The deal combines ExaVault’s customer base and engineering team (CEO David Ordal becomes Files.com CTO) with Files.com’s integration and automation capabilities, creating a combined platform of over 6,500 B2B customers and nearly 2 million GB of stored customer data.

Riverwood Capital Leads $110M Growth Round in SpyCloud

August 23, 2023

Cybersecurity

SpyCloud, an Austin-based identity threat protection company, closed a $110 million growth round led by Riverwood Capital with participation from Silverton Partners. The funding will accelerate product innovation in authentication bypass prevention, expand SpyCloud’s global go-to-market teams, and grow its identity analytics and remediation capabilities.