Funding round
Druva Growth
Reported as "Growth Equity"
Druva, which works in data protection and management solutions in Santa Clara, raised $80M in a Growth round announced on 22 Aug 2017, led by Riverwood Capital. 4 firms took part, 4 of them already investors. It is Druva's fourth venture round on record; the one before was a Growth in Sep 2016.
$80M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Druva did not disclose a valuation in this round. It came 11 months after Druva's Growth. It is 17% of the $458M Druva has raised in the venture rounds on record. Druva raised again 22 months later: a Growth round of $130M in Jun 2019. 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 28 Sep 2016, led by Sequoia India $51M
- Growth this round 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
Riverwood Capital led the round with 3 other firms. Riverwood Capital, Tenaya Capital, Sequoia Capital India and Nexus Venture Partners had backed Druva before.
Lead investor
- Riverwood Capital existing investor
Also in the round
- backs 34 venture-backed companies existing investor
- Sequoia Capital India existing investor
- backs 99 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
123 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $43M, and this round was 1.9 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| ThoughtSpot Tech Companies | 17 Aug 2017 | $60M | not disclosed | Lightspeed Venture Partners |
| Tech Companies | 18 Aug 2017 | $57M | not disclosed | Glynn Capital |
| Tech Companies | 7 Aug 2017 | $52M | not disclosed | not named |
| Tech Companies | 1 Aug 2017 | undisclosed | not disclosed | not named |
| Tech Companies | 15 Aug 2017 | undisclosed | not disclosed | Silver Lake |
| Tech Companies | 13 Jul 2017 | $230M | not disclosed | not named |
| Tech Companies | 20 Sep 2017 | $200M | not disclosed | K1 Investment Management |
| Tech Companies | 27 Sep 2017 | $75M | $160M | Sageview Capital and Leaders Fund |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Druva raise in its Growth round?
Druva raised $80M in its Growth round, announced in Aug 2017.
Who led Druva's Growth round?
Riverwood Capital led it, with Tenaya Capital, Sequoia Capital India and Nexus Venture Partners.
What was Druva's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
123 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $43M, and this round was 1.9 times the median.
Did Druva raise again after this round?
Yes: a Growth round in Jun 2019 of $130M.