Funding round
Orca Security Series B
Orca Security, which works in cloud security platform development in Tel Aviv-Yafo, raised $55M in a Series B round announced on 8 Dec 2020, led by ICONIQ Growth. 4 firms took part, 3 of them already investors. It is Orca Security's third venture round on record; the one before was a Series A in May 2020.
$55M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Orca Security did not disclose a valuation in this round. It came 7 months after Orca Security's Series A. It is 7.0% of the $782M Orca Security has raised in the venture rounds on record. Orca Security raised again 7 months later: a Growth round of $150M in Jul 2021, at $1.75B post-money.
Orca Security's funding rounds
Orca Security has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
ICONIQ Growth led the round with 3 other firms. GGV Capital, YL Ventures and Silicon Valley CISO Investments had backed Orca Security before.
Lead investor
- ICONIQ Growth new investor
Also in the round
- GGV Capital existing investor
- backs 18 venture-backed companies existing investor
- backs 11 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
798 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 1.8 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| ClickUp Tech Companies | 15 Dec 2020 | $100M | $1.00B | Georgian |
| Tech Companies | 8 Dec 2020 | $75M | not disclosed | New Enterprise Associates and Koch Disruptive Technologies |
| HiBob Tech Companies | 10 Dec 2020 | $70M | $500M | SEEK and Israel Growth Partners |
| Tech Companies | 10 Dec 2020 | $44M | not disclosed | EQT Ventures |
| Tech Companies | 31 Dec 2020 | $43M | not disclosed | not named |
| Tech Companies | 16 Dec 2020 | $40M | not disclosed | Stripes and Moore Strategic Ventures |
| Tech Companies | 16 Dec 2020 | $40M | $255M | OpenView |
| Tech Companies | 7 Dec 2020 | $35M | not disclosed | Andreessen Horowitz and Sequoia Capital |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Orca Security raise in its Series B round?
Orca Security raised $55M in its Series B round, announced in Dec 2020.
Who led Orca Security's Series B round?
ICONIQ Growth led it, with GGV Capital, YL Ventures and Silicon Valley CISO Investments.
What was Orca Security's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
798 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 1.8 times the median.
Did Orca Security raise again after this round?
Yes: a Growth round in Jul 2021 of $150M at $1.75B post-money.