Funding round
Saviynt Growth
Reported as "Growth Equity"
Saviynt, which works in identity security solutions development in El Segundo, raised $130M in a Growth round announced on 20 Sep 2021, led by HPS Investment Partners and PNC Bank. 2 firms took part. It is Saviynt's second venture round on record; the one before was a Series A in Apr 2018.
$130M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Saviynt did not disclose a valuation in this round. It came 41 months after Saviynt's Series A. It is 12% of the $1.07B Saviynt has raised in the venture rounds on record. Saviynt raised again 16 months later: a Growth round of $205M in Jan 2023. Its next priced round, a Series B in Dec 2025, valued it at $3.00B.
Saviynt's funding rounds
Saviynt has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
HPS Investment Partners and PNC Bank led the round.
Lead investors
- backs 9 venture-backed companies new investor
- PNC Bank new 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
422 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $58M, and this round was 2.3 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Dapper Labs Tech Companies | 22 Sep 2021 | $250M | $7.60B | Coatue |
| Tech Companies | 16 Sep 2021 | $230M | not disclosed | Polychain and Three Arrows Capital |
| Canva Tech Companies | 14 Sep 2021 | $200M | $40.00B | T. Rowe Price |
| Tech Companies | 14 Sep 2021 | $200M | $2.70B | Goldman Sachs Asset Management |
| Tech Companies | 28 Sep 2021 | $130M | not disclosed | Warburg Pincus |
| Tech Companies | 29 Sep 2021 | $100M | not disclosed | Morningside Group |
| Xpansiv Tech Companies | 23 Sep 2021 | $100M | not disclosed | not named |
| Tech Companies | 27 Sep 2021 | $75M | not disclosed | Summit Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Saviynt raise in its Growth round?
Saviynt raised $130M in its Growth round, announced in Sep 2021.
Who led Saviynt's Growth round?
HPS Investment Partners and PNC Bank led it.
What was Saviynt's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
422 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $58M, and this round was 2.3 times the median.
Did Saviynt raise again after this round?
Yes: a Growth round in Jan 2023 of $205M.