Funding round
Netskope Series E
Netskope, which works in security and networking solutions development in Santa Clara, raised $100M in a Series E round announced on 6 Jun 2017, led by Lightspeed Venture Partners and Accel. 6 firms took part, 4 of them already investors. It is Netskope's fifth venture round on record; the one before was a Series D in Sep 2015.
$100M
Amount raised
Not disclosed
Post-money valuation
6
Investors
2 leads
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 21 months after Netskope's Series D. It is 9.6% of the $1.04B Netskope has raised in the venture rounds on record. Netskope raised again 17 months later: a Series F round of $169M in Nov 2018, at $1.00B post-money.
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 this round 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
Lightspeed Venture Partners and Accel led the round with 4 other firms. Lightspeed Venture Partners, Accel, Social Capital and Iconiq Capital had backed Netskope before.
Lead investors
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
- Accel backs 581 venture-backed companies existing investor
Also in the round
- Social Capital backs 94 venture-backed companies existing investor
- Iconiq Capital existing investor
- Sapphire Ventures backs 148 venture-backed companies new investor
- Geodesic Capital backs 45 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
14 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $51M, and this round was 2.0 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Houzz Tech Companies | 26 Jun 2017 | $400M | $4.00B | ICONIQ Capital |
| Tech Companies | 9 May 2017 | $52M | not disclosed | Lightspeed Venture Partners |
| Tech Companies | 6 Oct 2017 | $62M | $1.30B | not named |
| Tech Companies | 31 Oct 2017 | $25M | not disclosed | Insight Partners |
| Tech Companies | 5 Jan 2017 | $24M | not disclosed | BlueCross BlueShield Venture Partners and Andrew Prozes |
| Tech Companies | 16 Nov 2017 | $1.7M | not disclosed | BIP Capital |
| Tech Companies | 13 Dec 2016 | $25M | not disclosed | Sapphire Ventures |
| Tech Companies | 14 Dec 2016 | $18M | not disclosed | Sigma Prime Ventures |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Netskope raise in its Series E round?
Netskope raised $100M in its Series E round, announced in Jun 2017.
Who led Netskope's Series E round?
Lightspeed Venture Partners and Accel led it, with Social Capital, Iconiq Capital, Sapphire Ventures and Geodesic Capital.
What was Netskope's valuation at the Series E round?
It was not disclosed; its last disclosed one was $200M at the Series C (May 2014).
How does it compare with other Series E rounds in Tech Companies?
14 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $51M, and this round was 2.0 times the median.
Did Netskope raise again after this round?
Yes: a Series F round in Nov 2018 of $169M at $1.00B post-money.