Funding round
Snyk Series G
Snyk, which works in AI-Driven security platform development in Boston, raised $197M in a Series G round announced on 13 Dec 2022, led by Qatar Investment Authority, at a $7.40B post-money valuation. 7 firms took part, 3 of them already investors. It is Snyk's ninth venture round on record; the one before was a Series F in Sep 2021.
$197M
Amount raised
$7.40B
Post-money valuation
$7.20B pre-money
7
Investors
1 lead
0.9x
Step-up from the Series F
$8.50B in Sep 2021
2.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Snyk at $7.40B after the new money, 0.9 times the $8.50B of its Series F (Sep 2021). The $197M bought investors about 2.7% of the company. It came 15 months after Snyk's Series F. It is 13% of the $1.48B Snyk has raised in the venture rounds on record. No later venture round is on record for Snyk.
Snyk's funding rounds
Snyk has 9 venture rounds on record. This one is highlighted.
- Seed 1 Jan 2016 $3.0M
- Series A 6 Mar 2018, led by Boldstart Ventures and Canaan $7.0M
- Series B 25 Sep 2018, led by Accel $22M
- Growth 10 Sep 2019, led by Accel $70M
- Growth 21 Jan 2020, led by Stripes $150M$1.00B post-money
- Series D 9 Sep 2020, led by Addition $200M$2.60B post-money
- Series E 10 Mar 2021, led by Accel and Tiger Global $300M$4.70B post-money
- Series F 9 Sep 2021, led by Sands Capital and Tiger Global $530M$8.50B post-money
- Series G this round 13 Dec 2022, led by Qatar Investment Authority $197M$7.40B post-money
Investors
Who put money in
Qatar Investment Authority led the round with 6 other firms. Boldstart Ventures, Sands Capital and Tiger Global had backed Snyk before.
Lead investor
- Qatar Investment Authority backs 71 venture-backed companies new investor
Also in the round
- backs 43 venture-backed companies new investor
- G Squared backs 40 venture-backed companies new investor
- backs 7 venture-backed companies new investor
- backs 55 venture-backed companies existing investor
- Sands Capital backs 71 venture-backed companies existing investor
- Tiger Global backs 391 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations, acquisitions and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series G rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Chargebee Tech Companies | 14 Sep 2022 | $125M | $1.40B | Sapphire Ventures and Tiger Global |
| VideoAmp Tech Companies | 13 Sep 2023 | $150M | $1.40B | Vista Credit Partners |
| Sysdig Tech Companies | 15 Dec 2021 | $350M | $2.50B | Permira |
| ShareChat Tech Companies | 16 Dec 2021 | $266M | $3.70B | Alkeon |
Sources
Where this comes from
Reported by 6 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Snyk raise in its Series G round?
Snyk raised $197M in its Series G round, announced in Dec 2022.
Who led Snyk's Series G round?
Qatar Investment Authority led it, with Evolution Equity Partners, G Squared, Irving Investors, Boldstart Ventures and Sands Capital and 1 more.
What was Snyk's valuation at the Series G round?
$7.40B post-money ($7.20B pre-money).