Funding round
Illumio Series F
Illumio, which works in AI-Driven cybersecurity solutions development in Sunnyvale, raised $225M in a Series F round announced on 24 Jun 2021, led by Thoma Bravo, at a $2.75B post-money valuation. 4 firms took part, 1 of them already investors. It is Illumio's sixth venture round on record; the one before was a Series E in Feb 2019.
$225M
Amount raised
$2.75B
Post-money valuation
$2.52B pre-money
4
Investors
1 lead
1.6x
Step-up from the Series E
$1.72B in Feb 2019
8.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Illumio at $2.75B after the new money, 1.6 times the $1.72B of its Series E (Feb 2019). The $225M bought investors about 8.2% of the company. It came 28 months after Illumio's Series E. It is 42% of the $540M Illumio has raised in the venture rounds on record. No later venture round is on record for Illumio.
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 7 Feb 2019, led by J.P. Morgan Asset Management $65M$1.72B post-money
- Series F this round 24 Jun 2021, led by Thoma Bravo $225M$2.75B post-money
Investors
Who put money in
Thoma Bravo led the round with 3 other firms. Thoma Bravo had backed Illumio before.
Lead investor
- backs 19 venture-backed companies existing investor
Also in the round
- Franklin Templeton new investor
- backs 34 venture-backed companies new investor
- Blue Owl Capital backs 36 venture-backed companies new 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
46 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $157M, and this round was 1.4 times the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Neo4j Tech Companies | 17 Jun 2021 | $325M | $2.00B | Eurazeo |
| Tech Companies | 1 Jun 2021 | $200M | $2.40B | Blue Owl Capital |
| Addepar Tech Companies | 16 Jun 2021 | $150M | $2.17B | D1 Capital Partners |
| Forter Tech Companies | 25 May 2021 | $300M | $3.00B | Tiger Global Management |
| Tech Companies | 28 Jul 2021 | $175M | $3.00B | Tiger Global |
| Arctic Wolf Tech Companies | 13 Jul 2021 | $150M | $4.30B | Viking Global and Blue Owl Capital |
| Tech Companies | 27 Jul 2021 | $150M | $2.60B | B Capital |
| ShareChat Tech Companies | 27 Jul 2021 | $145M | $2.88B | Temasek and Moore Strategic Ventures |
Sources
Where this comes from
Reported by 9 sources.
Questions
Frequently asked
How much did Illumio raise in its Series F round?
Illumio raised $225M in its Series F round, announced in Jun 2021.
Who led Illumio's Series F round?
Thoma Bravo led it, with Franklin Templeton, Hamilton Lane and Blue Owl Capital.
What was Illumio's valuation at the Series F round?
$2.75B post-money ($2.52B pre-money).
How does it compare with other Series F rounds in Tech Companies?
46 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $157M, and this round was 1.4 times the median.