Founded in 2019, Couchdrop has mastered the art of shuttling hefty data packets between cloud platforms swiftly, securely, and without breaking the bank. The company’s sister product, Movebot, seamlessly migrates data between cloud storage giants—think shifting corporate treasures from Google Drive to Dropbox or Egnyte to Google.
Couchdrop has experienced remarkable early growth and is currently the fastest growing company in our portfolio. Large, household names like Dropbox rely on Couchdrop to migrate customers to their platform and the company is moving data for 12,000 companies worldwide with significant presence in North America and Europe.
Punakaiki Fund first invested in Couchdrop in 2022 and remains the only fund invested in the company with a 21.8% stake. Couchdrop is our second partnership with Michael Lawson, whose first venture, Linewize, was acquired by Family Zone in 2017.
