Backbone raises $10M

BOULDER — Backbone, a cloud-based workflow software suite for consumer goods firms, announced Monday it has raised $10 million in a Series A2 funding round led by the Foundry Group.

That $10 million is in addition to $8 million raised in 2018.

In total, the Boulder-based Backbone PLM has raised $23 million in funding.

“This is an incredible investment. It will continue to accelerate the growth of the Backbone team and our core product. It will also aid us as we advance in the middle market while garnering more business in the enterprise market,” Backbone CEO Matthew Klein said in a prepared statement.“It allows us to further enable today’s leading disruptive brands to make products better, faster, and more efficiently. Since the beginning, we’ve never thought of ourselves as being up against our legacy incumbents. Instead, we are competing against a fast-growing direct to consumer economy with a customer demand that is greater than ever.”

The company currently employs about 50 workers. Backbone plans to double its employee headcount in 2020.

BOULDER — Backbone, a cloud-based workflow software suite for consumer goods firms, announced Monday it has raised $10 million in a Series A2 funding round led by the Foundry Group.

That $10 million is in addition to $8 million raised in 2018.

In total, the Boulder-based Backbone PLM has raised $23 million in funding.

“This is an incredible investment. It will continue to accelerate the growth of the Backbone team and our core product. It will also aid us as we advance in the middle market while garnering more business in the enterprise market,” Backbone CEO Matthew Klein said in a prepared statement.“It allows us to further enable today’s leading disruptive brands to make products better, faster, and more efficiently. Since the beginning, we’ve never thought of ourselves as being up against our legacy incumbents. Instead, we are competing against a fast-growing direct to consumer economy with a customer demand that is greater than ever.”

The company currently employs about 50 workers. Backbone plans to double its employee headcount in 2020.