Funding round
Forter Series F
Forter, which works in identity protection platform development in Tel Aviv-Yafo, raised $300M in a Series F round announced on 25 May 2021, led by Tiger Global Management, at a $3.00B post-money valuation. 9 firms took part. It is Forter's fifth venture round on record; the one before was a Series E in Nov 2020.
$300M
Amount raised
$3.00B
Post-money valuation
9
Investors
1 lead
2.3x
Step-up from the Series E
$1.30B in Nov 2020
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Forter at $3.00B after the new money, 2.3 times the $1.30B of its Series E (Nov 2020). The $300M bought investors about 10% of the company. It came 6 months after Forter's Series E. It is 57% of the $522M Forter has raised in the venture rounds on record. No later venture round is on record for Forter.
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 19 Nov 2020, led by Bessemer Venture Partners, Felix Capital and Itai Tsiddon $125M$1.30B post-money
- Series F this round 25 May 2021, led by Tiger Global Management $300M$3.00B post-money
Investors
Who put money in
Tiger Global Management led the round with 8 other firms.
Lead investor
- Tiger Global Management new investor
Also in the round
- Third Point Ventures new investor
- Adage Capital Management new investor
- Bessemer Venture Partners backs 412 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- March Capital new investor
- backs 43 venture-backed companies new investor
- Salesforce Ventures backs 314 venture-backed companies new investor
- backs 96 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations and working capital.
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
45 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $159M, and this round was 1.9 times the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 11 May 2021 | $100M | $1.70B | Greenspring Associates |
| Neo4j Tech Companies | 17 Jun 2021 | $325M | $2.00B | Eurazeo |
| Illumio Tech Companies | 24 Jun 2021 | $225M | $2.75B | Thoma Bravo |
| Tech Companies | 1 Jun 2021 | $200M | $2.40B | Blue Owl Capital |
| Sysdig Tech Companies | 28 Apr 2021 | $188M | $1.19B | Premji Invest and Third Point Ventures |
| Addepar Tech Companies | 16 Jun 2021 | $150M | $2.17B | D1 Capital Partners |
| Dataminr Tech Companies | 23 Mar 2021 | $475M | $4.10B | Eldridge Industries |
| Tech Companies | 17 Mar 2021 | $230M | $1.40B | Bessemer Venture Partners and Tiger Global |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Forter raise in its Series F round?
Forter raised $300M in its Series F round, announced in May 2021.
Who led Forter's Series F round?
Tiger Global Management led it, with Third Point Ventures, Adage Capital Management, Bessemer Venture Partners, Sequoia Capital and March Capital and 3 more.
What was Forter's valuation at the Series F round?
$3.00B post-money.
How does it compare with other Series F rounds in Tech Companies?
45 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $159M, and this round was 1.9 times the median.