Funding round
Keyfactor Growth
Reported as "Growth Equity"
Keyfactor, which works in digital trust solutions development in Independence, raised $125M in a Growth round announced on 15 Apr 2021, led by Insight Partners. 1 firm took part. It is Keyfactor's second venture round on record; the one before was a Growth in Jan 2019.
$125M
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 came 27 months after Keyfactor's Growth. It is 10% of the $1.20B Keyfactor has raised in the venture rounds on record. Keyfactor raised again 63 months later: a Growth round of $1.00B in Jul 2026.
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 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
393 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 2.1 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| G42 Tech Companies | 14 Apr 2021 | $800M | not disclosed | Silver Lake |
| ShareChat Tech Companies | 8 Apr 2021 | $502M | $2.10B | not named |
| Mavenir Tech Companies | 21 Apr 2021 | $500M | not disclosed | Koch Strategic Platforms |
| Tech Companies | 8 Apr 2021 | $200M | not disclosed | Sumeru Equity Partners |
| Tech Companies | 20 Apr 2021 | $173M | not disclosed | Insight Partners |
| Druva Tech Companies | 19 Apr 2021 | $147M | $2.00B | La Caisse |
| Tech Companies | 29 Apr 2021 | $130M | $1.20B | Blackstone |
| Medable Tech Companies | 20 Apr 2021 | $78M | not disclosed | Sapphire Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Keyfactor raise in its Growth round?
Keyfactor raised $125M in its Growth round, announced in Apr 2021.
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?
393 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 2.1 times the median.
Did Keyfactor raise again after this round?
Yes: a Growth round in Jul 2026 of $1.00B.