Funding round
ThreatLocker Series B
ThreatLocker, which works in zero trust cybersecurity solutions in Orlando, raised $20M in a Series B round announced on 18 May 2021, led by Elephant. 1 firm took part. It is ThreatLocker's second venture round on record; the one before was a Series A in Aug 2020.
$20M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
ThreatLocker did not disclose a valuation in this round. It came 9 months after ThreatLocker's Series A. It is 4.1% of the $489M ThreatLocker has raised in the venture rounds on record. ThreatLocker raised again 11 months later: a Series C round of $100M in Apr 2022. Its next priced round, a Series E in Apr 2025, valued it at $1.20B.
ThreatLocker's funding rounds
ThreatLocker has 6 venture rounds on record. This one is highlighted.
Investors
Who put money in
Elephant led the round.
Lead investor
- backs 32 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
972 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 67% of the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 27 May 2021 | $100M | $500M | Greenoaks |
| Tech Companies | 27 May 2021 | $90M | not disclosed | Leaps by Bayer |
| Tech Companies | 20 May 2021 | $85M | $600M | Lakestar and Tiger Global |
| Tech Companies | 20 May 2021 | $80M | $300M | Spark Capital |
| Tech Companies | 3 May 2021 | $65M | not disclosed | BOND |
| Tech Companies | 25 May 2021 | $61M | not disclosed | Arena Holdings |
| Tech Companies | 25 May 2021 | $51M | not disclosed | Salesforce Ventures |
| Tech Companies | 25 May 2021 | $50M | not disclosed | Tiger Global and Menlo Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did ThreatLocker raise in its Series B round?
ThreatLocker raised $20M in its Series B round, announced in May 2021.
Who led ThreatLocker's Series B round?
Elephant led it.
What was ThreatLocker's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
972 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 67% of the median.
Did ThreatLocker raise again after this round?
Yes: a Series C round in Apr 2022 of $100M.