Funding round
Arctic Wolf Series E
Arctic Wolf, which works in AI-Driven security operations platform development in Eden Prairie, raised $200M in a Series E round announced on 22 Oct 2020, led by Viking Global, at a $1.30B post-money valuation. 2 firms took part. It is Arctic Wolf's fourth venture round on record; the one before was a Series D in Mar 2020.
$200M
Amount raised
$1.30B
Post-money valuation
$1.10B pre-money
2
Investors
1 lead
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Arctic Wolf at $1.30B after the new money. The $200M bought investors about 15% of the company. It came 7 months after Arctic Wolf's Series D. It is 42% of the $471M Arctic Wolf has raised in the venture rounds on record. Arctic Wolf raised again 9 months later: a Series F round of $150M in Jul 2021, at $4.30B 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 11 Mar 2020, led by Blue Cloud Ventures and Stereo Capital $60M
- Series E this round 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
Viking Global led the round with 1 other firm.
Lead investor
- backs 54 venture-backed companies new investor
Also in the round
- backs 38 venture-backed companies 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
95 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $117M, and this round was 1.7 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 28 Oct 2020 | $340M | $3.30B | NewView Capital and Wellington Management |
| Tech Companies | 15 Oct 2020 | $118M | not disclosed | L Catterton and Activant |
| Tech Companies | 6 Oct 2020 | $100M | $1.20B | OMERS Growth Equity |
| Tech Companies | 27 Oct 2020 | $40M | not disclosed | Accel |
| Salsify Tech Companies | 23 Sep 2020 | $155M | not disclosed | Warburg Pincus |
| Cato Networks Tech Companies | 17 Nov 2020 | $130M | $1.00B | Lightspeed Venture Partners |
| Forter Tech Companies | 19 Nov 2020 | $125M | $1.30B | Bessemer Venture Partners and Felix Capital |
| Addepar Tech Companies | 18 Nov 2020 | $117M | not disclosed | WestCap |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Arctic Wolf raise in its Series E round?
Arctic Wolf raised $200M in its Series E round, announced in Oct 2020.
Who led Arctic Wolf's Series E round?
Viking Global led it, with Digital Transformation Capital Partners.
What was Arctic Wolf's valuation at the Series E round?
$1.30B post-money ($1.10B pre-money).
How does it compare with other Series E rounds in Tech Companies?
95 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $117M, and this round was 1.7 times the median.
Did Arctic Wolf raise again after this round?
Yes: a Series F round in Jul 2021 of $150M at $4.30B post-money.