Funding round
Transmit Security Series A
Transmit Security, which works in identity and access management platform development in Boston, raised $543M in a Series A round announced on 22 Jun 2021, led by Insight Partners and General Atlantic, at a $2.20B post-money valuation. 9 firms took part.
$543M
Amount raised
$2.20B
Post-money valuation
$1.66B pre-money
9
Investors
2 leads
25%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Transmit Security at $2.20B after the new money. The $543M bought investors about 25% of the company. It is Transmit Security's first venture round on record, 7 years after it was founded in 2014. No later venture round is on record for Transmit Security.
Transmit Security's funding rounds
This is the only venture round on record for Transmit Security.
- Series A this round 22 Jun 2021, led by Insight Partners and General Atlantic $543M$2.20B post-money
Investors
Who put money in
Insight Partners and General Atlantic led the round with 7 other firms.
Lead investors
- Insight Partners backs 548 venture-backed companies new investor
- General Atlantic backs 134 venture-backed companies new investor
Also in the round
- backs 21 venture-backed companies new investor
- Geodesic Capital backs 45 venture-backed companies new investor
- backs 31 venture-backed companies new investor
- backs 40 venture-backed companies new investor
- backs 6 venture-backed companies new investor
- Citi Ventures new investor
- Goldman Sachs Asset Management 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
1,789 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 45 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 8 Jun 2021 | $110M | not disclosed | Insight Partners |
| Waabi Tech Companies | 8 Jun 2021 | $84M | not disclosed | Khosla Ventures |
| Tech Companies | 9 Jun 2021 | $61M | not disclosed | EQT Ventures |
| Tech Companies | 10 Jun 2021 | $37M | not disclosed | Lead Edge Capital |
| Tech Companies | 18 Jun 2021 | $34M | not disclosed | Andreessen Horowitz |
| Tech Companies | 30 Jun 2021 | $32M | not disclosed | Goldman Sachs Asset Management |
| Tech Companies | 3 Jun 2021 | $31M | $80M | not named |
| Tech Companies | 8 Jun 2021 | $30M | not disclosed | Quantonation and Defense Innovation Fund |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Transmit Security raise in its Series A round?
Transmit Security raised $543M in its Series A round, announced in Jun 2021.
Who led Transmit Security's Series A round?
Insight Partners and General Atlantic led it, with Cyberstarts, Geodesic Capital, SYN Ventures, Vintage Investment Partners and Artisanal Ventures and 2 more.
What was Transmit Security's valuation at the Series A round?
$2.20B post-money ($1.66B pre-money).
How does it compare with other Series A rounds in Tech Companies?
1,789 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 45 times the median.