2021 is off to a fast start for investments by players in spaces impacted by COVID-19, headlined by Equifax’s splashy acquisition of Kount for $640
Trust the Numbers: Friday Dealbook
This period’s deals are all about buffing up the enterprise’s ability to manage digital identity, reflecting capital increasingly deployed towards managing data in a privacy preserving fashion. OneTrust highlights the latter trend, securing $300 million of Series C funding for its privacy-centered platform helping enterprises stay compliance-ready (via tools like encryption, access controls, etc.). Also featured are Very Good Security’s $60 million of funding for accelerating the growing consumer base it has built for its data security platform, and iLobby’s $100 million in development capital to accelerate its growth in the PIAM space.
Top Deals This Week
Developer and manufacturer of tablet-based visitor registration and management platform designed for streamlining the management of visitors. The company's SaaS-based platform optimizes the front desk by streamlining the management of visitors and contractors with a convenient self-serve checkpoint, enabling governments, banks, airports and retailers to improve operational efficiency and enhance branding.
The company received $100 million of development capital from Insight Partners on January 5, 2021. The funding will catalyze the company's growth and help continue to protect facilities in regulated, compliance, and security-focused verticals.
Developer of a technology platform designed for tackling privacy management. The company's comprehensive, integrated, technology-based services include readiness and privacy impact assessments, data inventory and mapping automation, website scanning and consent management, subject rights requests, incident reporting and vendor risk management, helping businesses globally to comply with data privacy regulations across sectors and jurisdictions, including the EU GDPR and privacy shield.
The company raised $300 million of Series C venture funding in a deal led by TCV on December 21, 2020, putting the company's pre-money valuation at $4.8 billion. Insight Partners, Coatue Management and other undisclosed investors also participated in the round.
Developer of a data security platform designed to transfer data without any security breach. The company's platform offers protection services to secure payments, medical records, big data, communication and secured forms by keeping the data safe without making any changes in the system, enabling the companies to store sensitive data without liability or compliance concerns.
The company raised $60 million of Series C venture funding in a deal led by Vertex Ventures US on December 18, 2020. Goldman Sachs Growth Equity, Brighter Capital and Andreessen Horowitz also participated in the round. This funding will be used to support Very Good Security's accelerating growth, as the company more than doubled its customer base in 2020.
Vertex Ventures US is an early-stage venture capital firm. The firm focused exclusively on enterprise and deep- tech investing. The firm starts & invests in companies that transform large markets through software and data. The firm is part of a global network of funds seeded by Temasek. The Vertex Network invests in separately managed funds in the US, China, Israel, India, and Southeast Asia. The firm is based in Palo Alto, California.
Active Portfolio - 25
Investments (TTM) - 12
Med. Round Amount - $8.80M
Med. Valuation - $28.50M
# of Exits - 10
This period’s deals are all about buffing up the enterprise’s ability to manage digital identity, reflecting capital increasingly deployed towards managing data in a privacy
This week’s deals reflect growing investment trends for tackling different aspects of the onboarding process to create a digital identity – whether focused on identity
This week’s deals reflect growing investment trends for securing identity across the identity tech stack – both inside and out, leveraging cybersecurity, authentication, and verification
In light of the pandemic transforming the ways we access digital identity, governments — as in the case of Ontario — and private entities alike
News of the week: Notably, noyb announced that it filed two new complaints against Apple – which continues a months long saga that has the