Funding round
Forter Series E
Forter, which works in identity protection platform development in Tel Aviv-Yafo, raised $125M in a Series E round announced on 19 Nov 2020, led by Bessemer Venture Partners, Felix Capital and Itai Tsiddon, at a $1.30B post-money valuation. 8 firms took part. It is Forter's fourth venture round on record; the one before was a Series D in Sep 2018.
$125M
Amount raised
$1.30B
Post-money valuation
8
Investors
3 leads
9.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Forter at $1.30B after the new money. The $125M bought investors about 9.6% of the company. It came 26 months after Forter's Series D. It is 24% of the $522M Forter has raised in the venture rounds on record. Forter raised again 6 months later: a Series F round of $300M in May 2021, at $3.00B 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 26 Sep 2018, led by March Capital and Salesforce Ventures $50M
- Series E this round 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
Bessemer Venture Partners, Felix Capital and Itai Tsiddon led the round with 5 other firms.
Lead investors
- Bessemer Venture Partners backs 412 venture-backed companies new investor
- backs 63 venture-backed companies new investor
- Itai Tsiddon new investor
Also in the round
- Sequoia Capital backs 589 venture-backed companies new investor
- backs 43 venture-backed companies new investor
- backs 96 venture-backed companies new investor
- backs 12 venture-backed companies new investor
- Commerce Ventures new investor
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
104 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $125M, and this round was close to the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cato Networks Tech Companies | 17 Nov 2020 | $130M | $1.00B | Lightspeed Venture Partners |
| Addepar Tech Companies | 18 Nov 2020 | $117M | not disclosed | WestCap |
| Tech Companies | 12 Nov 2020 | $100M | $800M | Vista Equity Partners |
| Tech Companies | 24 Nov 2020 | $23M | not disclosed | Pitango |
| Tech Companies | 28 Oct 2020 | $340M | $3.30B | NewView Capital and Wellington Management |
| Arctic Wolf Tech Companies | 22 Oct 2020 | $200M | $1.30B | Viking Global |
| Tech Companies | 2 Dec 2020 | $138M | not disclosed | Insight Partners |
| Tech Companies | 15 Oct 2020 | $118M | not disclosed | L Catterton and Activant |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Forter raise in its Series E round?
Forter raised $125M in its Series E round, announced in Nov 2020.
Who led Forter's Series E round?
Bessemer Venture Partners, Felix Capital and Itai Tsiddon led it, with Sequoia Capital, NewView Capital, Scale Venture Partners, March Capital and Commerce Ventures.
What was Forter's valuation at the Series E round?
$1.30B post-money.
How does it compare with other Series E rounds in Tech Companies?
104 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $125M, and this round was close to the median.
Did Forter raise again after this round?
Yes: a Series F round in May 2021 of $300M at $3.00B post-money.