Funding round
Orca Security Series A
Orca Security, which works in cloud security platform development in Tel Aviv-Yafo, raised $20M in a Series A round announced on 5 May 2020, led by GGV Capital. 3 firms took part. It is Orca Security's second venture round on record; the one before was a Seed in Jun 2019.
$20M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Orca Security did not disclose a valuation in this round. It came 11 months after Orca Security's Seed. It is 2.6% of the $782M Orca Security has raised in the venture rounds on record. Orca Security raised again 7 months later: a Series B round of $55M in Dec 2020. Its next priced round, a Growth in Jul 2021, valued it at $1.75B.
Orca Security's funding rounds
Orca Security has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
GGV Capital led the round with 2 other firms.
Lead investor
- GGV Capital new investor
Also in the round
- backs 18 venture-backed companies new investor
- backs 11 venture-backed companies new investor
Joined the board: Glenn Solomon (GGV Capital).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,167 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $10M, and this round was 2.0 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 12 May 2020 | $30M | not disclosed | Dell Technologies Capital |
| Tech Companies | 18 May 2020 | $22M | not disclosed | Optum Ventures and Health Catalyst Capital |
| Tech Companies | 1 May 2020 | $16M | not disclosed | GreatPoint Ventures |
| Tech Companies | 14 May 2020 | $16M | not disclosed | Tiger Global |
| Tech Companies | 11 May 2020 | $14M | not disclosed | Spark Capital |
| Tech Companies | 4 May 2020 | $14M | not disclosed | Sequoia Capital |
| Tech Companies | 27 May 2020 | $13M | not disclosed | Sequoia Capital |
| Tech Companies | 13 May 2020 | $13M | not disclosed | Sequoia Capital |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Orca Security raise in its Series A round?
Orca Security raised $20M in its Series A round, announced in May 2020.
Who led Orca Security's Series A round?
GGV Capital led it, with YL Ventures and Silicon Valley CISO Investments.
What was Orca Security's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,167 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $10M, and this round was 2.0 times the median.
Did Orca Security raise again after this round?
Yes: a Series B round in Dec 2020 of $55M.