Funding round
Forter Series B
Forter, which works in identity protection platform development in Tel Aviv-Yafo, raised $15M in a Series B round announced on 11 Nov 2014, led by New Enterprise Associates and Sequoia Capital. 2 firms took part. It is Forter's first venture round on record.
$15M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Forter did not disclose a valuation in this round. It is 2.9% of the $522M Forter has raised in the venture rounds on record. Forter raised again 17 months later: a Series C round of $32M in Apr 2016. Its next priced round, a Series E in Nov 2020, valued it at $1.30B.
Forter's funding rounds
Forter has 5 venture rounds on record. This one is highlighted.
- Series B this round 11 Nov 2014, led by New Enterprise Associates and Sequoia Capital $15M
- Series C 21 Apr 2016, led by Scale Venture Partners $32M
- Series D 26 Sep 2018, led by March Capital and Salesforce Ventures $50M
- Series E 19 Nov 2020, led by Bessemer Venture Partners, Felix Capital and Itai Tsiddon $125M$1.30B post-money
- Series F 25 May 2021, led by Tiger Global Management $300M$3.00B post-money
Investors
Who put money in
New Enterprise Associates and Sequoia Capital led the round.
Lead investors
- New Enterprise Associates backs 286 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and sales and marketing.
- Geographic expansion
- Sales and marketing
Comparable rounds
How it compares
196 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $13M, and this round was 1.2 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Nov 2014 | $29M | $118M | not named |
| Tech Companies | 4 Nov 2014 | $12M | not disclosed | Matrix Partners |
| Tech Companies | 18 Nov 2014 | $12M | not disclosed | not named |
| Tech Companies | 26 Nov 2014 | $9.0M | not disclosed | Storm Ventures |
| Tech Companies | 7 Nov 2014 | $8.5M | not disclosed | Dawn Capital |
| Tech Companies | 19 Nov 2014 | $5.0M | not disclosed | Bullpen Capital |
| Magic Leap Tech Companies | 21 Oct 2014 | $542M | $2.00B | GV |
| Tech Companies | 21 Oct 2014 | $100M | not disclosed | Insight Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Forter raise in its Series B round?
Forter raised $15M in its Series B round, announced in Nov 2014.
Who led Forter's Series B round?
New Enterprise Associates and Sequoia Capital led it.
What was Forter's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
196 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $13M, and this round was 1.2 times the median.
Did Forter raise again after this round?
Yes: a Series C round in Apr 2016 of $32M.