Funding round
Netskope Growth
Reported as "Growth Equity"
Netskope, which works in security and networking solutions development in Santa Clara, raised $300M in a Growth round announced on 9 Jul 2021, led by ICONIQ Growth, at a $7.50B post-money valuation. 7 firms took part, 7 of them already investors. It is Netskope's eighth venture round on record; the one before was a Growth in Feb 2020.
$300M
Amount raised
$7.50B
Post-money valuation
7
Investors
1 lead
2.5x
Step-up from the Growth
$3.00B in Feb 2020
4.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Netskope at $7.50B after the new money, 2.5 times the $3.00B of its Growth (Feb 2020). The $300M bought investors about 4.0% of the company. It came 17 months after Netskope's Growth. It is 29% of the $1.04B Netskope has raised in the venture rounds on record. No later venture round is on record for Netskope.
Netskope's funding rounds
Netskope has 8 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 1 Jan 2013, led by Social Capital $5.5M
- Series B 1 Jan 2013 $16M
- Series C 15 May 2014, led by Accel $35M$200M post-money
- Series D 3 Sep 2015, led by Iconiq Capital $75M
- Series E 6 Jun 2017, led by Lightspeed Venture Partners and Accel $100M
- Series F 13 Nov 2018, led by Lightspeed Venture Partners $169M$1.00B post-money
- Growth 6 Feb 2020, led by Sequoia Capital $340M$3.00B post-money
- Growth this round 9 Jul 2021, led by ICONIQ Growth $300M$7.50B post-money
- Debt not a venture round 5 Jan 2023, led by Morgan Stanley $401M
Investors
Who put money in
ICONIQ Growth led the round with 6 other firms. ICONIQ Growth, Lightspeed Venture Partners, Accel and Sequoia Capital and 3 more had backed Netskope before.
Lead investor
- ICONIQ Growth existing investor
Also in the round
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
- Accel backs 581 venture-backed companies existing investor
- Sequoia Capital backs 589 venture-backed companies existing investor
- backs 15 venture-backed companies existing investor
- Sapphire Ventures backs 148 venture-backed companies existing investor
- Geodesic Capital backs 45 venture-backed companies existing investor
Comparable rounds
How it compares
409 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 5.0 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Yanolja Tech Companies | 15 Jul 2021 | $1.70B | $9.00B | SoftBank Vision Fund |
| insightsoftware Tech Companies | 13 Jul 2021 | $1.00B | $4.00B | Hg and TA Associates |
| Availity Tech Companies | 1 Jul 2021 | $452M | not disclosed | Francisco Partners |
| Age of Learning Tech Companies | 1 Jul 2021 | $300M | $3.00B | TPG |
| Tech Companies | 20 Jul 2021 | $235M | not disclosed | General Atlantic |
| C4 Tech Companies | 29 Jul 2021 | $215M | $2.30B | Summit Partners |
| Orca Security Tech Companies | 4 Jul 2021 | $150M | $1.75B | not named |
| Tech Companies | 7 Jul 2021 | $100M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Netskope raise in its Growth round?
Netskope raised $300M in its Growth round, announced in Jul 2021.
Who led Netskope's Growth round?
ICONIQ Growth led it, with Lightspeed Venture Partners, Accel, Sequoia Capital, Base Partners and Sapphire Ventures and 1 more.
What was Netskope's valuation at the Growth round?
$7.50B post-money.
How does it compare with other Growth rounds in Tech Companies?
409 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 5.0 times the median.