Startup profile for BBA Inc: latest funding, latest known valuation, total disclosed funding, investors, status, sources, and why the company is interesting. Part of the Venture Capital Tracker startup directory.
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BBA Inc funding, valuation and investors

Meldium — team SSO and cloud app password management, acquired by LogMeIn in 2014.

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Funding, valuation & investors

Answer-first snapshot

Latest funding

Seed

$1M · July 2013

Latest known valuation

Not publicly disclosed

Total disclosed equity funding

$1M

Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.

Current status

acquired

acquired · San Francisco, California

Investors in latest funding

Lead: Founders Co-op

Other: Draper Associates , Y Combinator

Sources: latest funding Last verified: 2026-07-25

Overview

BBA Inc operated commercially as Meldium, a San Francisco startup providing single-sign-on, password management, and identity access management for teams using cloud SaaS apps. Founded in 2012 by Anton Vaynshtok, Bradley Buda, and Boris Jabes (Microsoft and Amazon alumni), Meldium graduated Y Combinator Winter 2013 and raised approximately $1M in seed funding from Founders Co-op, Draper Associates, and others. LogMeIn acquired BBA Inc on September 4, 2014 for approximately $15M in cash to expand its IT management portfolio with SSO capabilities. Andreessen Horowitz lists BBA as an Exit on its public portfolio.

Why BBA Inc is interesting

Incorporated as BBA Inc but marketed as Meldium, the YC W13 startup sold intuitive SSO for ~1,500 workplace apps to LogMeIn for ~$15M — an early a16z portfolio exit in identity before Okta dominated mid-market.

Product & use cases

Team SSO and centralized password management for cloud workplace apps — provisioning, shared credentials, and access control without traditional IT overhead.

  • Centralized login for Dropbox, Google Apps, Salesforce, and ~1,500 SaaS apps
  • Employee onboarding and offboarding across cloud app accounts
  • Replacing shared password spreadsheets in small and mid-size teams
  • Extending LogMeIn's IT management suite after 2014 acquisition

Key facts

  • Acquired by LogMeIn (now GoTo) September 4, 2014 for ~$15M cash (LogMeIn press release, Mergr)
  • Operated as Meldium — SSO for ~1,500 business cloud apps (LogMeIn acquisition announcement)
  • Y Combinator Winter 2013 batch; ~$1M seed from Founders Co-op and Draper Associates (GeekWire)
  • a16z portfolio status: Exit

Funding history (newest first)

Seed

2013-07 $1M
  • Founders Co-op (lead)
  • Draper Associates (participant)
  • Y Combinator (participant)

Source: https://www.geekwire.com/2013/microsoft-amazon-alums-land-1m-password-management-startup-meldium/

Investors in our directory

Funds linked from BBA Inc's profile — open a fund page for stage focus and related deal articles.

Andreessen Horowitz

Competitive landscape

Edge: Simple team SSO for cloud-native workplaces at a time when enterprise IAM was complex — attractive tuck-in for LogMeIn's remote-access and IT portfolio.

Meldium competed in the first wave of cloud-app SSO for teams too small for full Okta deployments. The LogMeIn acquisition validated product-market fit but at modest exit size (~$15M) versus later identity unicorns.

  • Okta incumbent

    Enterprise identity leader — broader SSO and lifecycle management at higher price and implementation lift.

  • OneLogin direct

    Mid-market cloud SSO competitor in the same 2013–2014 identity wave.

  • Dashlane (team) adjacent

    Password manager with business tiers — less native app provisioning than Meldium's SSO focus.

Notable stories

  • Meldium started in Seattle by Microsoft and Amazon alumni, moved to San Francisco for YC — Founders Co-op invested despite rarely backing SF teams because of the Seattle relationship (GeekWire, 2013).
  • LogMeIn cited Meldium as a natural extension of identity and cloud app management for its IT products — one of the early tuck-in SSO acquisitions before identity became a standalone category (LogMeIn, Sep 2014).

Industries

Enterprise SaaS Cybersecurity

Related funding articles

Venture Capital Tracker pieces that cover BBA Inc's financing or category context.

FAQs about BBA Inc

Practical answers founders, operators, and investors typically search for.

BBA Inc was the legal entity behind Meldium, a team SSO and password management startup acquired by LogMeIn in 2014 for approximately $15M.
Andreessen Horowitz lists BBA as an Exit on its portfolio. See /fund/andreessen-horowitz. Seed investors included Founders Co-op and Draper Associates.
LogMeIn (NASDAQ: LOGM) acquired BBA Inc on September 4, 2014 for approximately $15M in cash.
Intuitive single-sign-on and identity management for teams — seamless access to roughly 1,500 cloud business apps including Dropbox, Salesforce, and Google Apps.
2012 in Seattle; founders moved to San Francisco for Y Combinator Winter 2013.
Meldium targeted simpler team SSO for cloud-app sprawl. Okta became the enterprise identity standard with broader lifecycle and enterprise features.
Approximately $1M in seed funding in 2013 per GeekWire and Y Combinator records.
No as a standalone company — absorbed into LogMeIn's IT management portfolio after the 2014 acquisition.
Andreessen Horowitz's investment list uses 'BBA' — the operating brand was Meldium (meldium.com).
Anton Vaynshtok, Bradley Buda, and Boris Jabes — former Microsoft and Amazon employees.
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