Funding round
Illumio Series E
Illumio, which works in AI-Driven cybersecurity solutions development in Sunnyvale, raised $65M in a Series E round announced on 7 Feb 2019, led by J.P. Morgan Asset Management, at a $1.72B post-money valuation. 1 firm took part. It is Illumio's fifth venture round on record; the one before was a Series D in Jun 2017.
$65M
Amount raised
$1.72B
Post-money valuation
$1.65B pre-money
1
Investors
1 lead
1.7x
Step-up from the Series C
$1.00B in Apr 2015
3.8%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Illumio at $1.72B after the new money, 1.7 times the $1.00B of its Series C (Apr 2015). The $65M bought investors about 3.8% of the company. It came 20 months after Illumio's Series D. It is 12% of the $540M Illumio has raised in the venture rounds on record. Illumio raised again 28 months later: a Series F round of $225M in Jun 2021, at $2.75B 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 7 Jun 2017, led by J.P. Morgan Asset Management $125M
- Series E this round 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.
Lead investor
- J.P. Morgan Asset Management new investor
Joined the board: John Hinshaw.
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
28 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $97M, and this round was 67% of the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Databricks Tech Companies | 5 Feb 2019 | $250M | $2.75B | Andreessen Horowitz |
| Tech Companies | 19 Feb 2019 | $60M | not disclosed | Francisco Partners |
| Collibra Tech Companies | 29 Jan 2019 | $100M | $1.00B | CapitalG |
| Seismic Tech Companies | 18 Dec 2018 | $100M | $1.00B | Lightspeed Venture Partners and T. Rowe Price Associates, Inc. |
| Carta Tech Companies | 6 May 2019 | $300M | $1.70B | Andreessen Horowitz |
| Tech Companies | 20 May 2019 | $103M | $1.00B | Sapphire Ventures |
| Tech Companies | 14 May 2019 | $90M | not disclosed | One Peak and Goldman Sachs |
| Neo4j Tech Companies | 1 Nov 2018 | $80M | not disclosed | One Peak and Morgan Stanley |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Illumio raise in its Series E round?
Illumio raised $65M in its Series E round, announced in Feb 2019.
Who led Illumio's Series E round?
J.P. Morgan Asset Management led it.
What was Illumio's valuation at the Series E round?
$1.72B post-money ($1.65B pre-money).
How does it compare with other Series E rounds in Tech Companies?
28 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $97M, and this round was 67% of the median.
Did Illumio raise again after this round?
Yes: a Series F round in Jun 2021 of $225M at $2.75B post-money.