Funding round
Druva Growth
Reported as "Growth Equity"
Druva, which works in data protection and management solutions in Santa Clara, raised $51M in a Growth round announced on 28 Sep 2016, led by Sequoia India. 7 firms took part, 4 of them already investors. It is Druva's third venture round on record; the one before was a Series D in Aug 2014.
$51M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
Druva did not disclose a valuation in this round. It came 25 months after Druva's Series D. It is 11% of the $458M Druva has raised in the venture rounds on record. Druva raised again 11 months later: a Growth round of $80M in Aug 2017. Its next priced round, a Growth in Apr 2021, valued it at $2.00B.
Druva's funding rounds
Druva has 6 venture rounds on record. This one is highlighted.
- Series C 15 Oct 2013, led by Tenaya Capital $25M
- Series D 7 Aug 2014, led by Sequoia Capital $25M
- Growth this round 28 Sep 2016, led by Sequoia India $51M
- Growth 22 Aug 2017, led by Riverwood Capital $80M
- Growth 20 Jun 2019, led by Viking Global $130M
- Growth 19 Apr 2021, led by La Caisse $147M$2.00B post-money
Investors
Who put money in
Sequoia India led the round with 6 other firms. Sequoia India, NTT Finance, Nexus Venture Partners and Tenaya Capital had backed Druva before.
Lead investor
- Sequoia India existing investor
Also in the round
- EDBI backs 67 venture-backed companies new investor
- backs 27 venture-backed companies new investor
- backs 29 venture-backed companies new investor
- NTT Finance existing investor
- backs 99 venture-backed companies existing investor
- backs 34 venture-backed companies existing 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
90 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $43M, and this round was 1.2 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Claroty Tech Companies | 13 Sep 2016 | $32M | not disclosed | Bessemer Venture Partners |
| Tech Companies | 14 Sep 2016 | $20M | not disclosed | Israel Growth Partners |
| Blue Yonder Tech Companies | 1 Oct 2016 | $575M | not disclosed | not named |
| Tech Companies | 24 Aug 2016 | $43M | not disclosed | Sterling Partners |
| Tech Companies | 18 Oct 2016 | $40M | not disclosed | L Squared |
| Tech Companies | 31 Oct 2016 | $33M | not disclosed | K2 Global and MNC Media Group |
| Tech Companies | 19 Oct 2016 | $30M | not disclosed | Sageview Capital |
| Tech Companies | 31 Oct 2016 | $20M | not disclosed | FTV Management Company |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Druva raise in its Growth round?
Druva raised $51M in its Growth round, announced in Sep 2016.
Who led Druva's Growth round?
Sequoia India led it, with EDBI, Blue Cloud Ventures, Hercules Capital, NTT Finance and Nexus Venture Partners and 1 more.
What was Druva's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
90 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $43M, and this round was 1.2 times the median.
Did Druva raise again after this round?
Yes: a Growth round in Aug 2017 of $80M.