Funding round
Druva Growth
Reported as "Growth Equity"
Druva, which works in data protection and management solutions in Santa Clara, raised $130M in a Growth round announced on 20 Jun 2019, led by Viking Global. 6 firms took part. It is Druva's fifth venture round on record; the one before was a Growth in Aug 2017.
$130M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Druva did not disclose a valuation in this round. It came 22 months after Druva's Growth. It is 28% of the $458M Druva has raised in the venture rounds on record. Druva raised again 22 months later: a Growth round of $147M in Apr 2021, at $2.00B post-money.
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 22 Aug 2017, led by Riverwood Capital $80M
- Growth this round 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
Viking Global led the round with 5 other firms.
Lead investor
- backs 54 venture-backed companies new investor
Also in the round
- Neuberger Berman new investor
- Atreides Management backs 53 venture-backed companies new investor
- Riverwood Capital new investor
- backs 34 venture-backed companies new investor
- backs 99 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
235 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 2.9 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 12 Jun 2019 | $227M | not disclosed | Eurazeo and Morgan Stanley |
| Tech Companies | 3 Jun 2019 | $90M | not disclosed | Stillfront Group AB |
| Tech Companies | 12 Jun 2019 | $79M | not disclosed | General Catalyst |
| Unily Tech Companies | 17 Jun 2019 | $68M | not disclosed | not named |
| Tech Companies | 26 Jun 2019 | $34M | not disclosed | not named |
| Tech Companies | 12 Jun 2019 | $33M | not disclosed | National Grid Partners |
| Tech Companies | 7 Jun 2019 | $31M | not disclosed | not named |
| Tech Companies | 10 Jun 2019 | $28M | $193M | Scottish Equity Partners |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Druva raise in its Growth round?
Druva raised $130M in its Growth round, announced in Jun 2019.
Who led Druva's Growth round?
Viking Global led it, with Neuberger Berman, Atreides Management, Riverwood Capital, Tenaya Capital 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?
235 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 2.9 times the median.
Did Druva raise again after this round?
Yes: a Growth round in Apr 2021 of $147M at $2.00B post-money.