Funding round
Druva Growth
Reported as "Growth Equity"
Druva, which works in data protection and management solutions in Santa Clara, raised $147M in a Growth round announced on 19 Apr 2021, led by La Caisse, at a $2.00B post-money valuation. 4 firms took part, 2 of them already investors. It is Druva's sixth venture round on record; the one before was a Growth in Jun 2019.
$147M
Amount raised
$2.00B
Post-money valuation
$1.85B pre-money
4
Investors
1 lead
7.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Druva at $2.00B after the new money. The $147M bought investors about 7.3% of the company. It came 22 months after Druva's Growth. It is 32% of the $458M Druva has raised in the venture rounds on record. No later venture round is on record for Druva.
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 20 Jun 2019, led by Viking Global $130M
- Growth this round 19 Apr 2021, led by La Caisse $147M$2.00B post-money
Investors
Who put money in
La Caisse led the round with 3 other firms. Viking Global and Atreides Management had backed Druva before.
Lead investor
- La Caisse backs 43 venture-backed companies new investor
Also in the round
- Neuberger Berman new investor
- backs 54 venture-backed companies existing investor
- Atreides Management backs 53 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, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
393 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 2.5 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| G42 Tech Companies | 14 Apr 2021 | $800M | not disclosed | Silver Lake |
| ShareChat Tech Companies | 8 Apr 2021 | $502M | $2.10B | not named |
| Mavenir Tech Companies | 21 Apr 2021 | $500M | not disclosed | Koch Strategic Platforms |
| Tech Companies | 8 Apr 2021 | $200M | not disclosed | Sumeru Equity Partners |
| Tech Companies | 20 Apr 2021 | $173M | not disclosed | Insight Partners |
| Tech Companies | 29 Apr 2021 | $130M | $1.20B | Blackstone |
| Keyfactor Tech Companies | 15 Apr 2021 | $125M | not disclosed | Insight Partners |
| Medable Tech Companies | 20 Apr 2021 | $78M | not disclosed | Sapphire Ventures |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Druva raise in its Growth round?
Druva raised $147M in its Growth round, announced in Apr 2021.
Who led Druva's Growth round?
La Caisse led it, with Neuberger Berman, Viking Global and Atreides Management.
What was Druva's valuation at the Growth round?
$2.00B post-money ($1.85B pre-money).
How does it compare with other Growth rounds in Tech Companies?
393 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 2.5 times the median.