Funding round
Invicti Growth
Reported as "Growth Equity"
Invicti, which works in application security testing services in Austin, raised $40M in a Growth round announced on 8 Mar 2018, led by Turn/River. 1 firm took part. It is Invicti's first venture round on record.
$40M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Invicti did not disclose a valuation in this round. It is Invicti's first venture round on record, in the year it was founded (2018). It is 6.0% of the $665M Invicti has raised in the venture rounds on record. Invicti raised again 43 months later: a Growth round of $625M in Oct 2021.
Invicti's funding rounds
Invicti has 2 venture rounds on record. This one is highlighted.
- Growth this round 8 Mar 2018, led by Turn/River $40M
- Growth 20 Oct 2021, led by Summit Partners $625M
Investors
Who put money in
Turn/River led the round.
Lead investor
- backs 4 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
179 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was close to the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 12 Mar 2018 | $30M | not disclosed | Maverick Ventures |
| Tech Companies | 13 Mar 2018 | $27M | not disclosed | GRC SinoGreen Fund |
| Tech Companies | 13 Mar 2018 | $27M | not disclosed | GRC SinoGreen |
| Tech Companies | 21 Mar 2018 | undisclosed | not disclosed | not named |
| Tech Companies | 19 Mar 2018 | undisclosed | not disclosed | not named |
| Discord Tech Companies | 20 Apr 2018 | $50M | $1.65B | not named |
| Tech Companies | 22 Feb 2018 | $50M | not disclosed | not named |
| Tech Companies | 20 Feb 2018 | $41M | not disclosed | EQT Ventures |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Invicti raise in its Growth round?
Invicti raised $40M in its Growth round, announced in Mar 2018.
Who led Invicti's Growth round?
Turn/River led it.
What was Invicti's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
179 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was close to the median.
Did Invicti raise again after this round?
Yes: a Growth round in Oct 2021 of $625M.