Funding round
Illumio Series B
Illumio, which works in AI-Driven cybersecurity solutions development in Sunnyvale, raised $35M in a Series B round announced on 1 Sep 2013, led by General Catalyst, at a $132M post-money valuation. 4 firms took part. It is Illumio's second venture round on record; the one before was a Series A in Feb 2013.
$35M
Amount raised
$132M
Post-money valuation
$97M pre-money
4
Investors
1 lead
8.1x
Step-up from the Series A
$16M in Feb 2013
26%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Illumio at $132M after the new money, 8.1 times the $16M of its Series A (Feb 2013). The $35M bought investors about 26% of the company. It came 7 months after Illumio's Series A. It is 6.4% of the $540M Illumio has raised in the venture rounds on record. Illumio raised again 19 months later: a Series C round of $82M in Apr 2015, at $1.00B post-money.
Illumio's funding rounds
Illumio has 6 venture rounds on record. This one is highlighted.
- Series A 8 Feb 2013 $8.0M$16M post-money
- Series B this round 1 Sep 2013, led by General Catalyst $35M$132M post-money
- Series C 14 Apr 2015 $82M$1.00B post-money
- Series D 7 Jun 2017, led by J.P. Morgan Asset Management $125M
- Series E 7 Feb 2019, led by J.P. Morgan Asset Management $65M$1.72B post-money
- Series F 24 Jun 2021, led by Thoma Bravo $225M$2.75B post-money
Investors
Who put money in
General Catalyst led the round with 3 other firms.
Lead investor
- General Catalyst backs 574 venture-backed companies new investor
Also in the round
- Andreessen Horowitz backs 722 venture-backed companies new investor
- Formation 8 new investor
- The Data Collective new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
131 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $10M, and this round was 3.5 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 Sep 2013 | $25M | not disclosed | Sina Corporation |
| Tech Companies | 18 Sep 2013 | $14M | not disclosed | Battery Ventures |
| Tech Companies | 4 Sep 2013 | $12M | not disclosed | Cisco Investments |
| Tech Companies | 26 Sep 2013 | $11M | not disclosed | Khosla Ventures |
| Tech Companies | 4 Sep 2013 | $11M | not disclosed | Ribbit |
| Tech Companies | 17 Sep 2013 | $11M | not disclosed | Scale Venture Partners |
| Tech Companies | 3 Sep 2013 | $11M | not disclosed | Cisco and DCVC |
| Tech Companies | 1 Sep 2013 | $10M | $50M | DST Global and Qihoo 360 |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Illumio raise in its Series B round?
Illumio raised $35M in its Series B round, announced in Sep 2013.
Who led Illumio's Series B round?
General Catalyst led it, with Andreessen Horowitz, Formation 8 and The Data Collective.
What was Illumio's valuation at the Series B round?
$132M post-money ($97M pre-money).
How does it compare with other Series B rounds in Tech Companies?
131 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $10M, and this round was 3.5 times the median.
Did Illumio raise again after this round?
Yes: a Series C round in Apr 2015 of $82M at $1.00B post-money.