Funding round
Saviynt Series A
Saviynt, which works in identity security solutions development in El Segundo, raised $40M in a Series A round announced on 18 Apr 2018, led by Carrick Capital Partners. 1 firm took part. It is Saviynt's first venture round on record.
$40M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Saviynt did not disclose a valuation in this round. It is Saviynt's first venture round on record, 8 years after it was founded in 2010. It is 3.7% of the $1.07B Saviynt has raised in the venture rounds on record. Saviynt raised again 41 months later: a Growth round of $130M in Sep 2021. 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
Carrick Capital Partners led the round.
Lead investor
- backs 14 venture-backed companies new investor
Joined the board: Paul Zolfaghari (Carrick Capital Partners).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
787 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.0M, and this round was 5.0 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 3 Apr 2018 | $191M | $1.30B | not named |
| Tech Companies | 24 Apr 2018 | $32M | not disclosed | Updata Partners |
| Tech Companies | 3 Apr 2018 | $22M | not disclosed | Bain Capital Ventures |
| Chainalysis Tech Companies | 5 Apr 2018 | $16M | not disclosed | Benchmark |
| Tech Companies | 10 Apr 2018 | $15M | not disclosed | Morgan Stanley |
| Tech Companies | 2 Apr 2018 | $13M | not disclosed | Sequoia Capital |
| Tech Companies | 5 Apr 2018 | $10M | not disclosed | Shasta Ventures |
| Tech Companies | 10 Apr 2018 | $10M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Saviynt raise in its Series A round?
Saviynt raised $40M in its Series A round, announced in Apr 2018.
Who led Saviynt's Series A round?
Carrick Capital Partners led it.
What was Saviynt's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
787 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.0M, and this round was 5.0 times the median.
Did Saviynt raise again after this round?
Yes: a Growth round in Sep 2021 of $130M.