Total amount raised
$29 Millions
Latest funding date
03/01/2022
Location
Cloaked has successfully raised significant funding over multiple rounds, attracting notable investors such as All Turtles and Lux Capital. The company offers a suite of privacy-focused products, including virtual identities, a password manager, and AI-powered defenses.
Keep reading to explore the intricacies of Cloaked's fundraising journey and the investors backing this innovative platform.
What Is Cloaked?
Cloaked, founded on August 27, 2020, by Abhijay Bhatnagar and Arjun Bhatnagar, is a consumer-first privacy company based in Boston, Massachusetts. The company operates in the internet, privacy, and software industries.
With a team of 11-50 employees, Cloaked offers a suite of products designed to protect personal information, including Virtual Identities, a Cloaked Extension, a Mobile App, a Password Manager, Cloaked Phone Numbers, and AutoCloak.
Available in the USA and Canada, Cloaked aims to safeguard online privacy through various digital tools and services, ensuring users can control their personal data with unlimited, unique identities.
How Much Funding Has Cloaked Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: December 2020
- Lead Investors: Human Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the initial development and launch of Cloaked's privacy-focused products.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: April 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and refine Cloaked's suite of privacy tools and expand its user base.
- Seed Round
- Amount Raised: $4M
- Date: January 2022
- Lead Investors: Human Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and prepare for a larger Series A round.
- Series A
- Amount Raised: $25M
- Date: March 2022
- Lead Investors: Lux Capital, Human Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build out the product, exit beta, and scale the team.
Total Amount Raised: $29M. Current Valuation: Not publicly disclosed.
Key Investors
- Human Capital
- Details: Human Capital is a venture capital firm that co-led Cloaked's Series A funding round. Baris Akis, co-founder, President, and Managing Partner at Human Capital, expressed enthusiasm about co-leading their third consecutive round at Cloaked.
- Investment Focus Areas: Not explicitly mentioned.
- Notable Investments: Not explicitly mentioned.
- Lux Capital
- Details: Lux Capital is a venture capital firm that co-led Cloaked's Series A funding round. Bilal Zuberi, Partner at Lux Capital, will be joining Cloaked's board and praised the company's approach to privacy and security.
- Investment Focus Areas: Not explicitly mentioned.
- Notable Investments: Not explicitly mentioned.
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in powerful, positive change that endures. They have a history of backing transformative companies.
- Investment Focus Areas: Technology, healthcare, consumer, financial services.
- Notable Investments: Airbnb, Stripe, Snap.
- Peter Thiel
- Details: Peter Thiel is a renowned entrepreneur and venture capitalist, co-founder of PayPal and Palantir Technologies. He is known for his investments in innovative technology companies.
- Investment Focus Areas: Technology, artificial intelligence, biotechnology.
- Notable Investments: Facebook, SpaceX, LinkedIn.
- Index Ventures
- Details: Index Ventures is a global venture capital firm that supports entrepreneurs in building transformative companies. They have a strong presence in both the US and Europe.
- Investment Focus Areas: Technology, software, e-commerce, fintech.
- Notable Investments: Dropbox, Robinhood, Slack.
What's Next for Cloaked?
As Cloaked looks to the future, the opportunities are vast. The company is poised to capitalize on the growing demand for privacy solutions, with plans to enhance its technology and exit beta. This move will allow Cloaked to expand its user base and establish key industry partnerships, setting the stage for significant growth.
Future fundraising opportunities appear promising, especially as Cloaked transitions to a freemium model. Success in user acquisition and product development could attract additional investors, enabling the company to scale further. However, challenges such as competition from established tech giants and maintaining user trust will need to be navigated carefully.
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