Highlights
Inflection Point Ventures Achieves Successful Exit from Parablu
Angel investing platform Inflection Point Ventures (IPV) has successfully exited its investment in Parablu, realising a remarkable 2.2X multiple on money (MoM) return over a span of 36 months. This exit has also delivered more than 30% internal rate of return (IRR) for its investors.
With 47 successful exits to its credit, IPV showcases a consistent record of generating significant returns. The exit from Parablu reinforces IPV’s strategy of supporting visionary founders, innovative business models, and startups at competitive valuations.
Investment Overview
To date, Parablu has secured $1.5 million from IPV along with other investors. IPV played a pivotal role by providing essential funding and strategic guidance to Parablu in 2021, which facilitated the company’s rapid growth and solidified its position in the enterprise data management sector.
Acquisition by CrashPlan
Parablu, renowned for its data protection solutions, has been acquired by CrashPlan, a prominent player in the realm of cyber-ready data resilience. This acquisition enhances CrashPlan’s capacity to safeguard critical data from threats such as deletion, ransomware, and service interruptions.
About Parablu
Co-founded by Anand Prahlad, Kameswaran Subramanian, and Subash Baliga, Parablu provides comprehensive data security and backup solutions tailored for enterprises. Notable offerings include:
- Endpoint backup
- Managed file transfer
- Server backup
These solutions bolster data security, reliability, and compliance against ransomware and other emerging threats.
Market Demand and IPV’s Vision
The acquisition of Parablu by CrashPlan emphasises the growing demand for data resilience in a cloud-first ecosystem. IPV’s insight in backing transformative businesses is further highlighted through this successful exit. By linking visionary founders with innovative investors, IPV strives to foster innovation and generate value for startups, investors, and the wider ecosystem.
About Inflection Point Ventures
Inflection Point Ventures (IPV) is an angel investing platform comprised of over 23,500 CXOs, high-net-worth individuals (HNIs), and professionals dedicated to investing in startups. The firm is committed to supporting contemporary entrepreneurs by offering both financial and experiential capital, while also connecting them with a diverse investor network. IPV has recently established a $50 million CAT 2 VC fund, Physis Capital, aimed at investing in Pre-Series A to Series B growth-stage startups. The fund has already initiated investment in two startups and has several other deals in advanced stages of negotiation.