Amount$120M
Post-money valuation$1.9B
SeriesSeries F
AnnouncedJul 14, 2020
SectorIdentity & Access Management (IAM)
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series F round.
Syndicate size
8 investors on the cap table.
Insider conviction
5 existing investors re-upped — insiders doubling down.
Investor track record
Mostly newer or unproven managers.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series F rounds (255)
Round size distribution42th pct
smaller Series F roundslarger
Post-money valuation28th pct
$200Mthis round: $1.9B$15B
vs. Identity & Access Management (IAM) (24)
Round size in sector96th pct
$1Mthis round: $120M$120M
