Funding round
Forter Series D
Forter, which works in identity protection platform development in Tel Aviv-Yafo, raised $50M in a Series D round announced on 26 Sep 2018, led by March Capital and Salesforce Ventures. 7 firms took part, 5 of them already investors. It is Forter's third venture round on record; the one before was a Series C in Apr 2016.
$50M
Amount raised
Not disclosed
Post-money valuation
7
Investors
2 leads
Valuation
What this round says about the price
Forter did not disclose a valuation in this round. It came 29 months after Forter's Series C. It is 9.6% of the $522M Forter has raised in the venture rounds on record. Forter raised again 26 months later: a Series E round of $125M in Nov 2020, at $1.30B post-money.
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 21 Apr 2016, led by Scale Venture Partners $32M
- Series D this round 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
March Capital and Salesforce Ventures led the round with 5 other firms. Sequoia Capital, New Enterprise Associates, Scale Venture Partners and Commerce Ventures and 1 more had backed Forter before.
Lead investors
- backs 12 venture-backed companies new investor
- Salesforce Ventures backs 314 venture-backed companies new investor
Also in the round
- Sequoia Capital backs 589 venture-backed companies existing investor
- New Enterprise Associates backs 286 venture-backed companies existing investor
- backs 96 venture-backed companies existing investor
- backs 55 venture-backed companies existing investor
- backs 20 venture-backed companies existing investor
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
104 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $51M, and this round was close to the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Branch Tech Companies | 7 Sep 2018 | $129M | $1.00B | not named |
| Tech Companies | 6 Sep 2018 | $100M | $750M | Tencent |
| Sysdig Tech Companies | 12 Sep 2018 | $69M | not disclosed | Insight Partners |
| Tech Companies | 10 Sep 2018 | $32M | not disclosed | CLP Holdings Group and innogy |
| DataRobot Tech Companies | 25 Oct 2018 | $100M | not disclosed | Meritech Capital and Sapphire Ventures |
| Tech Companies | 23 Aug 2018 | $93M | not disclosed | Georgian |
| Tech Companies | 14 Aug 2018 | $50M | not disclosed | Lightspeed Venture Partners |
| Salsify Tech Companies | 7 Aug 2018 | $43M | not disclosed | Greenspring Associates |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Forter raise in its Series D round?
Forter raised $50M in its Series D round, announced in Sep 2018.
Who led Forter's Series D round?
March Capital and Salesforce Ventures led it, with Sequoia Capital, New Enterprise Associates, Scale Venture Partners, Commerce Ventures and Arbor Ventures.
What was Forter's valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Tech Companies?
104 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $51M, and this round was close to the median.
Did Forter raise again after this round?
Yes: a Series E round in Nov 2020 of $125M at $1.30B post-money.