Funding round
Netskope Series D
Netskope, which works in security and networking solutions development in Santa Clara, raised $75M in a Series D round announced on 3 Sep 2015, led by Iconiq Capital. 4 firms took part, 3 of them already investors. It is Netskope's fourth venture round on record; the one before was a Series C in May 2014.
$75M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Netskope did not disclose a valuation in this round; its last disclosed one was $200M at the Series C (May 2014). It came 16 months after Netskope's Series C. It is 7.2% of the $1.04B Netskope has raised in the venture rounds on record. Netskope raised again 21 months later: a Series E round of $100M in Jun 2017. 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 15 May 2014, led by Accel $35M$200M post-money
- Series D this round 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
Iconiq Capital led the round with 3 other firms. Accel, Lightspeed Venture Partners and Social Capital had backed Netskope before.
Lead investor
- Iconiq Capital new investor
Also in the round
- Accel backs 581 venture-backed companies existing investor
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
- Social Capital backs 94 venture-backed companies existing investor
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
40 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 2.5 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 30 Sep 2015 | $21M | not disclosed | MemorialCare Innovation Fund |
| Tech Companies | 13 Jul 2015 | $75M | not disclosed | Fidelity Management and Research |
| Tech Companies | 22 Jul 2015 | $50M | $1.30B | JPMorgan Chase |
| Tech Companies | 12 Nov 2015 | $50M | not disclosed | Insight Partners |
| Tech Companies | 10 Nov 2015 | $32M | not disclosed | JMI Equity |
| Tech Companies | 18 Nov 2015 | $21M | not disclosed | Allegis Capital |
| Tech Companies | 9 Nov 2015 | $18M | not disclosed | not named |
| Tech Companies | 8 Nov 2015 | $5.0M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Netskope raise in its Series D round?
Netskope raised $75M in its Series D round, announced in Sep 2015.
Who led Netskope's Series D round?
Iconiq Capital led it, with Accel, Lightspeed Venture Partners and Social Capital.
What was Netskope's valuation at the Series D round?
It was not disclosed; its last disclosed one was $200M at the Series C (May 2014).
How does it compare with other Series D rounds in Tech Companies?
40 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 2.5 times the median.
Did Netskope raise again after this round?
Yes: a Series E round in Jun 2017 of $100M.