Market Insights

Year-End Fundraising: Friday Dealbook for 12/13/2019

December 13, 2019

Fundraising is slowing down as the year draws to a close, but that didn’t stop our companies this week from bringing in a collective $35 million – Cyberhaven raised $13 million for expanding its behavioral security analytics platform, Cosmose AI secured $12 million for customer behavior prediction, and Albo added $19 million to its Series A to bring digital banking to the underbanked. They perpetuate the growth of investments in data protection, behavioral analysis, and financial inclusion, which OWI expects to continue into the upcoming years.

 

The Top Deals Covered by OWI this Week

 

Cyberhaven \ cyberhaven.com \ Founded in 2014

Developer of Data Behavior Analytics (DaBA) solution intended to offer protection for data and other applications. The company’s platform observes data’s behavior and records it, so that whenever a data incident is suspected, it has the entire context and knows everywhere the data went, who accessed it, enabling organizations to gain real-time visibility into the behavior of business-critical data as it moves across endpoints, servers and applications, on-premise and in the cloud.

The company raised $13 million of Series A venture funding in a deal led by Costanoa Ventures and Vertex Ventures Israel on December 5, 2019, putting the company’s pre-money valuation at $13.5. Crane Venture Partners, Alex Stamos, Jeff Rothschild, and Kamal Shah also participated in the round. The funds will be used to expand operations and its business reach.

 

Cosmose AI \ cosmose.co \ Founded in 2014

Developer of an advertising analytical platform intended to understand and predict customer behavior. The company’s technology automatically segments offline visitors, enabling retailers market to turn the offline stores into a website to understand customers’ in-store habits, target mobile and desktop ads to offline window shoppers in an enhanced manner.

The company raised EUR 10.8 million (approximately USD 12 million) of seed funding in a deal led by TDJ Pitango Ventures and OTB Ventures on December 9, 2019. Other undisclosed investors also invested in this round. The funds will be used for international expansion.

 

Albo \ albo.mx \ Founded in 2014

Developer of a financial technology platform designed to offer consumers a digital account with a prepaid Mastercard to receive, transfer and spend their money. The company’s platform provides people with a digital account, an international Mastercard and an application to receive and transfer money, as well as make payments, with minimal fees and in a fast way, enabling users to see categorized expenses and income reports, to understand their finances and improve their financial habits.

The company secured a $19 million extension to its Series A financing, led by U.S.-based Valar Ventures. Albo had previously raised $7.4 million at the beginning of 2019, bringing the company’s total Series A funding amount to $26.4 million. The capital will be used to expand leadership roles and speed up customer acquisition.

 

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Investor Highlight

 

Costanoa Ventures \ costanoavc.com \ Founded in 2012

Founded in 2012, Costanoa Ventures is a venture capital firm based in Palo Alto, California with an additional office in San Francisco, California. The firm focuses on early-stage firms and invests mostly in SaaS infrastructure, marketplaces, data-driven applications, agile infrastructure, mobile economy, and business networks.

Active Portfolio – 44

Investments (TTM) – 19

Med. Round Amount – $9.25M 

Med. Valuation – $31.35M

Exits – 18

 

Deal History

In the past year, Costanoa Ventures has invested in the following 6 identity companies:

6Sense

Alation

Cyberhaven

Elevate Security

Kenna Security

NumberAI

 

*Source: PitchBook Data Inc. with proprietary keyword searches set by OWI Analysts