Funding round
Arctic Wolf Series F
Arctic Wolf, which works in AI-Driven security operations platform development in Eden Prairie, raised $150M in a Series F round announced on 13 Jul 2021, led by Viking Global and Blue Owl Capital, at a $4.30B post-money valuation. 3 firms took part. It is Arctic Wolf's fifth venture round on record; the one before was a Series E in Oct 2020.
$150M
Amount raised
$4.30B
Post-money valuation
3
Investors
2 leads
3.3x
Step-up from the Series E
$1.30B in Oct 2020
3.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Arctic Wolf at $4.30B after the new money, 3.3 times the $1.30B of its Series E (Oct 2020). The $150M bought investors about 3.5% of the company. It came 9 months after Arctic Wolf's Series E. It is 32% of the $471M Arctic Wolf has raised in the venture rounds on record. No later venture round is on record for Arctic Wolf.
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 22 Oct 2020, led by Viking Global $200M$1.30B post-money
- Series F this round 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 and Blue Owl Capital led the round with 1 other firm.
Lead investors
- backs 54 venture-backed companies new investor
- Blue Owl Capital backs 36 venture-backed companies new investor
Also in the round
- Blue Owl Capital backs 36 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
47 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $170M, and this round was close to the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 28 Jul 2021 | $175M | $3.00B | Tiger Global |
| Tech Companies | 27 Jul 2021 | $150M | $2.60B | B Capital |
| ShareChat Tech Companies | 27 Jul 2021 | $145M | $2.88B | Temasek and Moore Strategic Ventures |
| Tech Companies | 29 Jul 2021 | $100M | $1.50B | TDM Growth Partners and HSG |
| Neo4j Tech Companies | 17 Jun 2021 | $325M | $2.00B | Eurazeo |
| Illumio Tech Companies | 24 Jun 2021 | $225M | $2.75B | Thoma Bravo |
| Tech Companies | 1 Jun 2021 | $200M | $2.40B | Blue Owl Capital |
| Patreon Tech Companies | 26 Aug 2021 | $155M | $4.00B | not named |
Sources
Where this comes from
Reported by 9 sources.
Questions
Frequently asked
How much did Arctic Wolf raise in its Series F round?
Arctic Wolf raised $150M in its Series F round, announced in Jul 2021.
Who led Arctic Wolf's Series F round?
Viking Global and Blue Owl Capital led it, with Blue Owl Capital.
What was Arctic Wolf's valuation at the Series F round?
$4.30B post-money.
How does it compare with other Series F rounds in Tech Companies?
47 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $170M, and this round was close to the median.