Funding round
Forter Series C
Forter, which works in identity protection platform development in Tel Aviv-Yafo, raised $32M in a Series C round announced on 21 Apr 2016, led by Scale Venture Partners. 3 firms took part. It is Forter's second venture round on record; the one before was a Series B in Nov 2014.
$32M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Forter did not disclose a valuation in this round. It came 17 months after Forter's Series B. It is 6.1% of the $522M Forter has raised in the venture rounds on record. Forter raised again 29 months later: a Series D round of $50M in Sep 2018. 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 11 Nov 2014, led by New Enterprise Associates and Sequoia Capital $15M
- Series C this round 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
Scale Venture Partners led the round with 2 other firms.
Lead investor
- backs 96 venture-backed companies new investor
Also in the round
- Sequoia Capital backs 589 venture-backed companies new investor
- New Enterprise Associates backs 286 venture-backed companies new investor
Joined the board: Rory O’Driscoll (Scale Venture Partners).
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
116 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $25M, 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 | 21 Apr 2016 | $50M | $600M | Spark Capital |
| Tech Companies | 21 Apr 2016 | $36M | not disclosed | REV Venture Partners and Caffeinated |
| Tech Companies | 21 Apr 2016 | $30M | not disclosed | Institutional Venture Partners |
| Tech Companies | 19 Apr 2016 | $25M | not disclosed | SAB Capital Management |
| Olive Tech Companies | 1 Apr 2016 | $15M | not disclosed | not named |
| Tech Companies | 19 May 2016 | $50M | not disclosed | Insight Partners |
| ThoughtSpot Tech Companies | 19 May 2016 | $50M | not disclosed | General Catalyst |
| EGYM Tech Companies | 21 Mar 2016 | $45M | not disclosed | HPE Growth |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Forter raise in its Series C round?
Forter raised $32M in its Series C round, announced in Apr 2016.
Who led Forter's Series C round?
Scale Venture Partners led it, with Sequoia Capital and New Enterprise Associates.
What was Forter's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
116 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $25M, and this round was 1.3 times the median.
Did Forter raise again after this round?
Yes: a Series D round in Sep 2018 of $50M.