Funding round
Keyfactor Growth
Reported as "Growth Equity"
Keyfactor, which works in digital trust solutions development in Independence, raised $77M in a Growth round announced on 22 Jan 2019, led by Insight Partners. 1 firm took part. It is Keyfactor's first venture round on record.
$77M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Keyfactor did not disclose a valuation in this round. It is Keyfactor's first venture round on record, 18 years after it was founded in 2001. It is 6.4% of the $1.20B Keyfactor has raised in the venture rounds on record. Keyfactor raised again 27 months later: a Growth round of $125M in Apr 2021.
Investors
Who put money in
Insight Partners led the round.
Lead investor
- Insight Partners backs 548 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
218 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $43M, and this round was 1.8 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 16 Jan 2019 | $1.50B | not disclosed | not named |
| Verily Tech Companies | 3 Jan 2019 | $1.00B | not disclosed | Silver Lake |
| Tech Companies | 8 Jan 2019 | $200M | not disclosed | K1 Investment Management |
| Vena Tech Companies | 9 Jan 2019 | $115M | not disclosed | JMI Equity |
| Tech Companies | 25 Jan 2019 | $105M | not disclosed | Accel-KKR |
| Tech Companies | 9 Jan 2019 | $60M | not disclosed | Insight Partners |
| Cato Networks Tech Companies | 29 Jan 2019 | $55M | not disclosed | Lightspeed Venture Partners |
| Tech Companies | 9 Jan 2019 | $40M | not disclosed | JMI Equity |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Keyfactor raise in its Growth round?
Keyfactor raised $77M in its Growth round, announced in Jan 2019.
Who led Keyfactor's Growth round?
Insight Partners led it.
What was Keyfactor's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
218 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $43M, and this round was 1.8 times the median.
Did Keyfactor raise again after this round?
Yes: a Growth round in Apr 2021 of $125M.