Funding round
Kiteworks Growth
Reported as "Growth Equity"
Kiteworks, which works in private data exchange platform deployment in San Mateo, raised $456M in a Growth round announced on 14 Aug 2024, at a $1.00B post-money valuation. 2 firms took part, 1 of them already investors. It is Kiteworks' second venture round on record; the one before was a Series C in Jan 2012.
$456M
Amount raised
$1.00B
Post-money valuation
2
Investors
no lead named
46%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Kiteworks at $1.00B after the new money. The $456M bought investors about 46% of the company. It came 151 months after Kiteworks' Series C. It is 97% of the $468M Kiteworks has raised in the venture rounds on record. No later venture round is on record for Kiteworks.
Kiteworks' funding rounds
Kiteworks has 2 venture rounds on record. This one is highlighted.
- Series C 4 Jan 2012 $12M
- Growth this round 14 Aug 2024 $456M$1.00B post-money
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- Insight Partners backs 548 venture-backed companies existing investor
- Sixth Street Growth new investor
Joined the board: Eoin Duane (Insight Partners), Peter Sobiloff (Insight Partners) and Alex Katz (Sixth Street Growth).
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, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
378 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 9.5 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Magic Tech Companies | 29 Aug 2024 | $320M | not disclosed | not named |
| Tech Companies | 22 Aug 2024 | $250M | not disclosed | Brighton Park Capital and Symphony Ventures |
| Tech Companies | 1 Aug 2024 | $125M | $2.50B | Providence Equity |
| Tech Companies | 1 Aug 2024 | $100M | $1.00B | Aliment Capital |
| Tech Companies | 28 Aug 2024 | $80M | not disclosed | Capitol Meridian Partners |
| Tech Companies | 26 Aug 2024 | $74M | not disclosed | Mainsail Partners |
| Tech Companies | 1 Aug 2024 | $44M | not disclosed | not named |
| Tech Companies | 15 Aug 2024 | $14M | not disclosed | MTIP |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Kiteworks raise in its Growth round?
Kiteworks raised $456M in its Growth round, announced in Aug 2024.
Which investors took part in Kiteworks' Growth round?
Insight Partners and Sixth Street Growth.
What was Kiteworks' valuation at the Growth round?
$1.00B post-money.
How does it compare with other Growth rounds in Tech Companies?
378 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 9.5 times the median.