Rewind Takes H.I.G. Growth Backing as AI Agents Raise the Stakes on SaaS Recovery

Rewind, the Ottawa company that backs up and recovers data living inside cloud applications, has received a strategic investment from H.I.G. Growth Partners. The transaction was announced on July 29, 2026, and its financial terms were not disclosed — no investment amount, valuation, ownership percentage, or majority/minority structure was made public. Calling the deal anything more specific than a strategic investment would assign certainty the public information does not support.

What Rewind does is narrow and specific. It protects more than 7 PB of business-critical data for over 25,000 organizations across 16 cloud applications, including Jira, Confluence, GitHub, Shopify, QuickBooks Online, and monday.com, providing backup, granular recovery, governance, retention, and resilience capabilities. The pitch rests on a distinction many businesses miss: a SaaS provider keeping its infrastructure online is not the same as a customer having a recoverable copy of its projects, repositories, configurations, and records.

The money is earmarked for product development, enterprise growth, operational scale, go-to-market capabilities, and channel partnerships — a practical list that suggests H.I.G. is backing an established software platform rather than an early-stage technical experiment. Rewind CEO and co-founder Mike Potter pointed to H.I.G.'s experience scaling software businesses and expanding channel partnerships. Hans Sherman, a Managing Director at H.I.G. Growth Partners, framed the thesis around operating risk: AI agents and continued cloud migration make backup and recovery more important as software gains the ability to act across business data at machine speed.

H.I.G. Growth Partners is the dedicated growth-capital affiliate of H.I.G. Capital, which reported $75B of capital under management in the transaction announcement.

Rewind's path to this point is a long one. It began in 2015 as a bootstrapped project from Mike Potter and James Ciesielski to protect Shopify merchants from data loss, then expanded across ecommerce, accounting, software development, productivity, and identity platforms. That expansion previously attracted $15M in a Series A led by Inovia Capital in January 2021 and $65M in a Series B led by Insight Partners in September 2021 — $80M in disclosed financing before the new H.I.G. investment, whose undisclosed size means no updated funding total can be reported.

Potter remains CEO and Ciesielski now serves as CPTO, with Conrad Bach as CRO. A February 2026 platform announcement extended the product beyond restoration alone, adding failover-oriented capabilities for Jira alongside enterprise features such as cross-instance recovery, bring-your-own-storage, and bring-your-own-key support.

The commercial engine offers a clearer signal than the undisclosed check. Rewind was named Atlassian Partner of the Year for Marketplace Partner Channel Growth after reporting 166% year-over-year growth in Solution Partner-influenced ARR, a 72% increase in partners actively closing deals, and a 30% increase in average deal size per partner during 2025. Those are company-reported figures, but they explain why channel expansion appears repeatedly in the investment announcement. Enterprise continuity products rarely spread through a landing page alone; they move through partners who already understand a customer's environment.