Funding round
Arctic Wolf Series D
Arctic Wolf, which works in AI-Driven security operations platform development in Eden Prairie, raised $60M in a Series D round announced on 11 Mar 2020, led by Blue Cloud Ventures and Stereo Capital. 19 firms took part. It is Arctic Wolf's third venture round on record; the one before was a Series C in Oct 2018.
$60M
Amount raised
Not disclosed
Post-money valuation
19
Investors
2 leads
Valuation
What this round says about the price
Arctic Wolf did not disclose a valuation in this round. It came 17 months after Arctic Wolf's Series C. It is 13% of the $471M Arctic Wolf has raised in the venture rounds on record. Arctic Wolf raised again 7 months later: a Series E round of $200M in Oct 2020, at $1.30B post-money.
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 25 Oct 2018, led by Future Fund $45M
- Series D this round 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
Blue Cloud Ventures and Stereo Capital led the round with 17 other firms.
Lead investors
- backs 27 venture-backed companies new investor
- backs 5 venture-backed companies new investor
Also in the round
- backs 15 venture-backed companies new investor
- backs 16 venture-backed companies new investor
- 01A backs 53 venture-backed companies new investor
- backs 17 venture-backed companies new investor
- Brighter Capital new investor
- CRV backs 177 venture-backed companies new investor
- Index Ventures backs 353 venture-backed companies new investor
- Intel Capital backs 239 venture-backed companies new investor
- backs 25 venture-backed companies new investor
- Qualcomm Ventures backs 140 venture-backed companies new investor
- Teclub new investor
- backs 73 venture-backed companies new investor
- Tsvc Capital new investor
- Viola Ventures new investor
- Future Fund new investor
- Sonae IM new investor
- 33N Ventures 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 and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
141 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was close to the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 19 Mar 2020 | $400M | not disclosed | not named |
| Tech Companies | 2 Mar 2020 | $45M | not disclosed | Arrowroot Capital |
| Tech Companies | 16 Mar 2020 | $40M | $320M | Titanium Ventures |
| Plume Tech Companies | 26 Feb 2020 | $85M | not disclosed | not named |
| Tech Companies | 28 Apr 2020 | $55M | not disclosed | Georgian and Inovia |
| Lucid Tech Companies | 16 Apr 2020 | $52M | $1.00B | ICONIQ Capital |
| Tech Companies | 11 Feb 2020 | $50M | not disclosed | not named |
| Tech Companies | 21 Apr 2020 | $50M | $344M | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Arctic Wolf raise in its Series D round?
Arctic Wolf raised $60M in its Series D round, announced in Mar 2020.
Who led Arctic Wolf's Series D round?
Blue Cloud Ventures and Stereo Capital led it, with Delta-v, NextEquity Partners, 01A, AngelPad and Brighter Capital and 12 more.
What was Arctic Wolf's valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Tech Companies?
141 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was close to the median.
Did Arctic Wolf raise again after this round?
Yes: a Series E round in Oct 2020 of $200M at $1.30B post-money.