Funding round
Illumio Series D
Illumio, which works in AI-Driven cybersecurity solutions development in Sunnyvale, raised $125M in a Series D round announced on 7 Jun 2017, led by J.P. Morgan Asset Management. 6 firms took part, 6 of them already investors. It is Illumio's fourth venture round on record; the one before was a Series C in Apr 2015.
$125M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Illumio did not disclose a valuation in this round; its last disclosed one was $1.00B at the Series C (Apr 2015). It came 26 months after Illumio's Series C. It is 23% of the $540M Illumio has raised in the venture rounds on record. Illumio raised again 20 months later: a Series E round of $65M in Feb 2019, at $1.72B 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 1 Sep 2013, led by General Catalyst $35M$132M post-money
- Series C 14 Apr 2015 $82M$1.00B post-money
- Series D this round 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
J.P. Morgan Asset Management led the round with 5 other firms. J.P. Morgan Asset Management, Andreessen Horowitz, General Catalyst and 8VC and 2 more had backed Illumio before.
Lead investor
- J.P. Morgan Asset Management existing investor
Also in the round
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- General Catalyst backs 574 venture-backed companies existing investor
- 8VC existing investor
- Accel backs 581 venture-backed companies existing investor
- DCVC backs 171 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
67 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 2.8 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Addepar Tech Companies | 8 Jun 2017 | $140M | not disclosed | Valor and 8VC |
| Tech Companies | 21 Jun 2017 | $100M | not disclosed | SoftBank |
| Tech Companies | 13 Jun 2017 | $12M | not disclosed | Tola Capital |
| Tech Companies | 30 May 2017 | $24M | not disclosed | not named |
| Tech Companies | 1 May 2017 | $20M | not disclosed | Singtel Innov8 and SAP National Security Services |
| Tech Companies | 24 May 2017 | $17M | not disclosed | Enern and Target Global |
| Tech Companies | 19 Jul 2017 | $8.0M | not disclosed | Iron Gate Capital |
| Toutiao Tech Companies | 7 Apr 2017 | $1.00B | $11.00B | not named |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Illumio raise in its Series D round?
Illumio raised $125M in its Series D round, announced in Jun 2017.
Who led Illumio's Series D round?
J.P. Morgan Asset Management led it, with Andreessen Horowitz, General Catalyst, 8VC, Accel and DCVC.
What was Illumio's valuation at the Series D round?
It was not disclosed; its last disclosed one was $1.00B at the Series C (Apr 2015).
How does it compare with other Series D rounds in Tech Companies?
67 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 2.8 times the median.
Did Illumio raise again after this round?
Yes: a Series E round in Feb 2019 of $65M at $1.72B post-money.