Funding round
Netskope Series C
Netskope, which works in security and networking solutions development in Santa Clara, raised $35M in a Series C round announced on 15 May 2014, led by Accel, at a $200M post-money valuation. 3 firms took part. It is Netskope's third venture round on record; the one before was a Series B in Jan 2013.
$35M
Amount raised
$200M
Post-money valuation
3
Investors
1 lead
18%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Netskope at $200M after the new money. The $35M bought investors about 18% of the company. It came 16 months after Netskope's Series B. It is 3.4% of the $1.04B Netskope has raised in the venture rounds on record. Netskope raised again 16 months later: a Series D round of $75M in Sep 2015. Its next priced round, a Series F in Nov 2018, valued it at $1.00B.
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 this round 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 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
Accel led the round with 2 other firms.
Lead investor
- Accel backs 581 venture-backed companies new investor
Also in the round
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- Social Capital backs 94 venture-backed companies new investor
Joined the board: Eric Wolford (Accel Partners).
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 and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
86 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $20M, and this round was 1.8 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Automattic Tech Companies | 5 May 2014 | $160M | $1.16B | Insight Partners |
| Addepar Tech Companies | 13 May 2014 | $50M | $272M | Valor and Craft Ventures |
| Thumbtack Tech Companies | 22 May 2014 | $30M | not disclosed | Sequoia Capital |
| Tech Companies | 1 May 2014 | $20M | not disclosed | Sapphire Ventures |
| Tech Companies | 1 May 2014 | $8.6M | not disclosed | not named |
| Tech Companies | 1 Jun 2014 | $100M | $500M | Sequoia Capital |
| MediaMath Tech Companies | 3 Jun 2014 | $74M | not disclosed | Spring Lake Equity Partners |
| Tech Companies | 21 Apr 2014 | $70M | not disclosed | Foundation Capital |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Netskope raise in its Series C round?
Netskope raised $35M in its Series C round, announced in May 2014.
Who led Netskope's Series C round?
Accel led it, with Lightspeed Venture Partners and Social Capital.
What was Netskope's valuation at the Series C round?
$200M post-money.
How does it compare with other Series C rounds in Tech Companies?
86 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $20M, and this round was 1.8 times the median.
Did Netskope raise again after this round?
Yes: a Series D round in Sep 2015 of $75M.