Funding round
Druva Series C
Druva, which works in data protection and management solutions in Santa Clara, raised $25M in a Series C round announced on 15 Oct 2013, led by Tenaya Capital. 4 firms took part, 2 of them already investors. It is Druva's first venture round on record.
$25M
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 is Druva's first venture round on record, 5 years after it was founded in 2008. It is 5.5% of the $458M Druva has raised in the venture rounds on record. Druva raised again 10 months later: a Series D round of $25M in Aug 2014. 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 this round 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 19 Apr 2021, led by La Caisse $147M$2.00B post-money
Investors
Who put money in
Tenaya Capital led the round with 3 other firms. Sequoia Capital and Nexus Venture Partners had backed Druva before.
Lead investor
- backs 34 venture-backed companies new investor
Also in the round
- Sequoia Capital backs 589 venture-backed companies existing investor
- backs 99 venture-backed companies existing investor
- Sequoia Capital India
Joined the board: Tom Banahan (Tenaya Capital).
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
79 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $20M, and this round was 1.3 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 15 Oct 2013 | $20M | not disclosed | Comcast Ventures |
| Tech Companies | 24 Sep 2013 | $50M | $800M | Rizvi Traverse Management |
| Tech Companies | 30 Sep 2013 | $20M | not disclosed | Thrive Capital |
| Tech Companies | 1 Nov 2013 | $11M | not disclosed | not named |
| Tech Companies | 18 Nov 2013 | $10M | not disclosed | Runa Capital and Almaz Capital |
| Tech Companies | 12 Nov 2013 | $10M | not disclosed | not named |
| Tech Companies | 4 Dec 2013 | $25M | not disclosed | not named |
| Tech Companies | 23 Aug 2013 | $18M | not disclosed | Lakestar |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Druva raise in its Series C round?
Druva raised $25M in its Series C round, announced in Oct 2013.
Who led Druva's Series C round?
Tenaya Capital led it, with Sequoia Capital, Nexus Venture Partners and Sequoia Capital India.
What was Druva's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
79 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $20M, and this round was 1.3 times the median.
Did Druva raise again after this round?
Yes: a Series D round in Aug 2014 of $25M.