Funding round
Cato Networks Series E
Cato Networks, which works in SASE platform development in Tel Aviv-Yafo, raised $130M in a Series E round announced on 17 Nov 2020, led by Lightspeed Venture Partners, at a $1.00B post-money valuation. 6 firms took part. It is Cato Networks' fifth venture round on record; the one before was a Growth in Apr 2020.
$130M
Amount raised
$1.00B
Post-money valuation
$870M pre-money
6
Investors
1 lead
13%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Cato Networks at $1.00B after the new money. The $130M bought investors about 13% of the company. It came 7 months after Cato Networks' Growth. It is 12% of the $1.11B Cato Networks has raised in the venture rounds on record. Cato Networks raised again 11 months later: a Growth round of $200M in Oct 2021, at $2.50B 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 7 Apr 2020, led by Lightspeed Venture Partners $77M
- Series E this round 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 5 other firms.
Lead investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
Also in the round
- Coatue backs 229 venture-backed companies new investor
- Greylock Partners backs 190 venture-backed companies new investor
- backs 33 venture-backed companies new investor
- backs 97 venture-backed companies new investor
- Singtel Innov8 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
104 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $125M, and this round was close to the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| 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 |
| Tech Companies | 12 Nov 2020 | $100M | $800M | Vista Equity Partners |
| Tech Companies | 24 Nov 2020 | $23M | not disclosed | Pitango |
| Tech Companies | 28 Oct 2020 | $340M | $3.30B | NewView Capital and Wellington Management |
| Arctic Wolf Tech Companies | 22 Oct 2020 | $200M | $1.30B | Viking Global |
| Tech Companies | 2 Dec 2020 | $138M | not disclosed | Insight Partners |
| Tech Companies | 15 Oct 2020 | $118M | not disclosed | L Catterton and Activant |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Cato Networks raise in its Series E round?
Cato Networks raised $130M in its Series E round, announced in Nov 2020.
Who led Cato Networks' Series E round?
Lightspeed Venture Partners led it, with Coatue, Greylock Partners, Aspect Ventures, Acrew Capital and Singtel Innov8.
What was Cato Networks' valuation at the Series E round?
$1.00B post-money ($870M pre-money).
How does it compare with other Series E rounds in Tech Companies?
104 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $125M, and this round was close to the median.
Did Cato Networks raise again after this round?
Yes: a Growth round in Oct 2021 of $200M at $2.50B post-money.