Amount$12M
SeriesSeries B
AnnouncedSep 1, 2013
SectorIdentity & Access Management (IAM)
Strong
A strong, well-structured round.
Round size vs peers
Smaller than the typical Series B round.
Syndicate size
2 investors on the cap table.
Insider conviction
2 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series B rounds (996)
Round size distribution16th pct
smaller Series B roundslarger
vs. Identity & Access Management (IAM) (24)
Round size in sector42th pct
$1Mthis round: $12M$120M
