Funding round
Invicti Growth
Reported as "Growth Equity"
Invicti, which works in application security testing services in Austin, raised $625M in a Growth round announced on 20 Oct 2021, led by Summit Partners. 2 firms took part. It is Invicti's second venture round on record; the one before was a Growth in Mar 2018.
$625M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Invicti did not disclose a valuation in this round. It came 43 months after Invicti's Growth. It is 94% of the $665M Invicti has raised in the venture rounds on record. No later venture round is on record for Invicti.
Invicti's funding rounds
Invicti has 2 venture rounds on record. This one is highlighted.
- Growth 8 Mar 2018, led by Turn/River $40M
- Growth this round 20 Oct 2021, led by Summit Partners $625M
Investors
Who put money in
Summit Partners led the round with 1 other firm.
Lead investor
- backs 96 venture-backed companies new investor
Also in the round
- backs 4 venture-backed companies new investor
Joined the board: Scott Collins (Summit Partners).
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
425 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 10 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Plume Tech Companies | 12 Oct 2021 | $300M | $2.60B | SoftBank Vision Fund |
| Tech Companies | 14 Oct 2021 | $298M | $3.00B | Tiger Global |
| Tech Companies | 8 Oct 2021 | $275M | $10.00B | Sequoia Capital and Coatue |
| Tech Companies | 6 Oct 2021 | $225M | $2.00B | Knox Lane |
| Tech Companies | 21 Oct 2021 | $200M | not disclosed | Sumeru Equity Partners and SoftBank Vision Fund |
| Cato Networks Tech Companies | 19 Oct 2021 | $200M | $2.50B | Lightspeed Venture Partners |
| Tech Companies | 26 Oct 2021 | $135M | not disclosed | K1 Investment Management |
| Tech Companies | 1 Oct 2021 | $125M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Invicti raise in its Growth round?
Invicti raised $625M in its Growth round, announced in Oct 2021.
Who led Invicti's Growth round?
Summit Partners led it, with Turn/River.
What was Invicti's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
425 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 10 times the median.