Funding round
Druva Series D
Druva, which works in data protection and management solutions in Santa Clara, raised $25M in a Series D round announced on 7 Aug 2014, led by Sequoia Capital. 3 firms took part. It is Druva's second venture round on record; the one before was a Series C in Oct 2013.
$25M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Druva did not disclose a valuation in this round. It came 10 months after Druva's Series C. It is 5.5% of the $458M Druva has raised in the venture rounds on record. Druva raised again 25 months later: a Growth round of $51M in Sep 2016. 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 this round 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
Sequoia Capital led the round with 2 other firms.
Lead investor
- Sequoia Capital backs 589 venture-backed companies new investor
Also in the round
- backs 99 venture-backed companies new investor
- backs 34 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, hiring, sales and marketing, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Hiring
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
39 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 81% of the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Thumbtack Tech Companies | 20 Aug 2014 | $100M | not disclosed | CapitalG |
| Tech Companies | 8 Jul 2014 | $30M | not disclosed | NGP Capital |
| Tech Companies | 22 Jul 2014 | $27M | not disclosed | QuestMark Partners |
| Tech Companies | 29 Jul 2014 | $24M | not disclosed | Fung Capital and Silver Lake Waterman |
| Houzz Tech Companies | 1 Oct 2014 | $165M | $2.30B | Sequoia Capital |
| Tech Companies | 3 Jun 2014 | $34M | not disclosed | Insight Partners |
| Tech Companies | 18 Jun 2014 | $26M | not disclosed | Harmony Partners |
| Tech Companies | 7 Oct 2014 | $25M | not disclosed | Catalyst Investors |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Druva raise in its Series D round?
Druva raised $25M in its Series D round, announced in Aug 2014.
Who led Druva's Series D round?
Sequoia Capital led it, with Nexus Venture Partners and Tenaya Capital.
What was Druva's valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Tech Companies?
39 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 81% of the median.
Did Druva raise again after this round?
Yes: a Growth round in Sep 2016 of $51M.