Funding round
Arctic Wolf Series C
Arctic Wolf, which works in AI-Driven security operations platform development in Eden Prairie, raised $45M in a Series C round announced on 25 Oct 2018, led by Future Fund. 7 firms took part. It is Arctic Wolf's second venture round on record; the one before was a Series B in Jan 2018.
$45M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
Arctic Wolf did not disclose a valuation in this round. It came 9 months after Arctic Wolf's Series B. It is 9.6% of the $471M Arctic Wolf has raised in the venture rounds on record. Arctic Wolf raised again 17 months later: a Series D round of $60M in Mar 2020. Its next priced round, a Series E in Oct 2020, valued it at $1.30B.
Arctic Wolf's funding rounds
Arctic Wolf has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Series B 1 Jan 2018, led by Bright Pixel Capital $16M
- Series C this round 25 Oct 2018, led by Future Fund $45M
- Series D 11 Mar 2020, led by Blue Cloud Ventures and Stereo Capital $60M
- Series E 22 Oct 2020, led by Viking Global $200M$1.30B post-money
- Series F 13 Jul 2021, led by Viking Global and Blue Owl Capital $150M$4.30B post-money
- Debt not a venture round 6 Oct 2022, led by Blue Owl Capital $401M
Investors
Who put money in
Future Fund led the round with 6 other firms.
Lead investor
- Future Fund new investor
Also in the round
- Adams Street Partners backs 61 venture-backed companies new investor
- backs 69 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- Redpoint Ventures backs 194 venture-backed companies new investor
- backs 32 venture-backed companies new investor
- Knollwood Investment Advisory LLC new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
228 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $35M, and this round was 1.3 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 17 Oct 2018 | $200M | $1.00B | not named |
| Tech Companies | 11 Oct 2018 | $55M | $500M | Institutional Venture Partners |
| Tech Companies | 30 Oct 2018 | $50M | not disclosed | Goldman Sachs |
| Perk Tech Companies | 16 Oct 2018 | $44M | not disclosed | Kinnevik |
| Tech Companies | 17 Oct 2018 | $35M | not disclosed | Susquehanna Growth Equity |
| Tech Companies | 10 Oct 2018 | $25M | not disclosed | DNS Capital |
| Tech Companies | 17 Oct 2018 | undisclosed | not disclosed | LLR Partners |
| Tech Companies | 21 Sep 2018 | $185M | $1.08B | CapitalG |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Arctic Wolf raise in its Series C round?
Arctic Wolf raised $45M in its Series C round, announced in Oct 2018.
Who led Arctic Wolf's Series C round?
Future Fund led it, with Adams Street Partners, Unusual Ventures, Lightspeed Venture Partners, Redpoint Ventures and Bright Pixel Capital and 1 more.
What was Arctic Wolf's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
228 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $35M, and this round was 1.3 times the median.
Did Arctic Wolf raise again after this round?
Yes: a Series D round in Mar 2020 of $60M.