Funding round
Cato Networks Growth
Reported as "Growth Equity"
Cato Networks, which works in SASE platform development in Tel Aviv-Yafo, raised $77M in a Growth round announced on 7 Apr 2020, led by Lightspeed Venture Partners. 5 firms took part, 4 of them already investors. It is Cato Networks' fourth venture round on record; the one before was a Growth in Jan 2019.
$77M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Cato Networks did not disclose a valuation in this round. It came 15 months after Cato Networks' Growth. It is 6.9% of the $1.11B Cato Networks has raised in the venture rounds on record. Cato Networks raised again 7 months later: a Series E round of $130M in Nov 2020, at $1.00B post-money.
Cato Networks' funding rounds
Cato Networks has 8 venture rounds on record. This one is highlighted.
- Series A 27 Oct 2015, led by US Venture Partners and Aspect Ventures $20M
- Series B 22 Sep 2016, led by Greylock Partners $30M
- Growth 29 Jan 2019, led by Lightspeed Venture Partners $55M
- Growth this round 7 Apr 2020, led by Lightspeed Venture Partners $77M
- Series E 17 Nov 2020, led by Lightspeed Venture Partners $130M$1.00B post-money
- Growth 19 Oct 2021, led by Lightspeed Venture Partners $200M$2.50B post-money
- Growth 19 Sep 2023, led by Lightspeed Venture Partners $238M$3.00B post-money
- Series G 30 Jun 2025, led by Vitruvian Partners and ION Asset Management $359M$4.80B post-money
Investors
Who put money in
Lightspeed Venture Partners led the round with 4 other firms. Aspect Ventures, Greylock Partners, Singtel Innov8 and US Venture Partners had backed Cato Networks before.
Lead investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
Also in the round
- backs 33 venture-backed companies existing investor
- Greylock Partners backs 190 venture-backed companies existing investor
- Singtel Innov8 existing investor
- backs 61 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, scaling operations and working capital.
- Hiring
- Scaling operations
- Working capital
Comparable rounds
How it compares
260 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 1.7 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 15 Apr 2020 | $100M | not disclosed | TPG |
| Tech Companies | 6 Apr 2020 | $56M | not disclosed | Swiss family office |
| Tech Companies | 15 Apr 2020 | $29M | not disclosed | Wavecrest Growth Partners and Beringea |
| Tech Companies | 16 Apr 2020 | $9.4M | not disclosed | not named |
| Tech Companies | 22 Apr 2020 | $5.8M | not disclosed | Industrifonden and Fairpoint Capital |
| Pipedrive Tech Companies | 18 May 2020 | $1.50B | not disclosed | Vista Equity Partners |
| Tech Companies | 4 Mar 2020 | $340M | not disclosed | Vitruvian Partners |
| Tech Companies | 12 May 2020 | $144M | not disclosed | Spectrum Equity |
Sources
Where this comes from
Reported by 6 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Cato Networks raise in its Growth round?
Cato Networks raised $77M in its Growth round, announced in Apr 2020.
Who led Cato Networks' Growth round?
Lightspeed Venture Partners led it, with Aspect Ventures, Greylock Partners, Singtel Innov8 and US Venture Partners.
What was Cato Networks' valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
260 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 1.7 times the median.
Did Cato Networks raise again after this round?
Yes: a Series E round in Nov 2020 of $130M at $1.00B post-money.