Funding round
Kaseya Growth
Reported as "Growth Equity"
Kaseya, which works in IT management platform development in Miami, raised $500M in a Growth round announced on 3 May 2019, led by TPG and Insight Partners, at a $1.75B post-money valuation. 2 firms took part, 2 of them already investors.
$500M
Amount raised
$1.75B
Post-money valuation
2
Investors
2 leads
29%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Kaseya at $1.75B after the new money. The $500M bought investors about 29% of the company. It is Kaseya's first venture round on record, 19 years after it was founded in 2000. No later venture round is on record for Kaseya.
Kaseya's funding rounds
This is the only venture round on record for Kaseya.
- Growth this round 3 May 2019, led by TPG and Insight Partners $500M$1.75B post-money
Investors
Who put money in
TPG and Insight Partners led the round. TPG and Insight Partners had backed Kaseya before.
Lead investors
- TPG backs 114 venture-backed companies existing investor
- Insight Partners backs 548 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
233 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 11 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 15 May 2019 | $78M | not disclosed | Silversmith Capital Partners and Leerink Transformation Partners |
| Tech Companies | 16 May 2019 | $73M | not disclosed | Great Hill Partners |
| Tech Companies | 16 May 2019 | $73M | not disclosed | Great Hill Partners |
| Canva Tech Companies | 20 May 2019 | $70M | $2.50B | General Catalyst and BOND |
| Tech Companies | 17 May 2019 | $56M | not disclosed | Sumeru Equity Partners |
| Tech Companies | 23 May 2019 | $50M | $231M | General Atlantic |
| Tech Companies | 13 May 2019 | $34M | not disclosed | not named |
| Tech Companies | 21 May 2019 | $23M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Kaseya raise in its Growth round?
Kaseya raised $500M in its Growth round, announced in May 2019.
Who led Kaseya's Growth round?
TPG and Insight Partners led it.
What was Kaseya's valuation at the Growth round?
$1.75B post-money.
How does it compare with other Growth rounds in Tech Companies?
233 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 11 times the median.