Total amount raised
$137.5 Millions
Latest funding date
06/01/2018
Location
Code42 has successfully raised significant funding over multiple rounds, positioning itself as a key player in data loss prevention. The company's flagship product, Incydr, offers comprehensive solutions to protect critical data from insider threats.
Keep reading to explore the intricacies of Code42's fundraising journey and the investors backing this innovative platform.
What Is Code42?
Code42 operates in the cybersecurity industry, specializing in data protection and insider threat management. The company is known for its innovative solutions that safeguard critical data from exposure, loss, and theft.
Founded in 2001, Code42 is headquartered in Minneapolis, Minnesota. The company has grown significantly over the years, establishing itself as a leader in the field of data loss prevention.
Code42's flagship product, Incydr, offers comprehensive coverage across endpoints, browsers, and cloud environments, ensuring robust protection against insider threats.
How Much Funding Has Code42 Raised?
- Series A
- Amount Raised: $52.5M
- Date: January 2012
- Lead Investors: Accel
- Series B
- Amount Raised: $85M
- Date: October 2015
- Lead Investors: JMI Equity, New Enterprise Associates
- Secondary Market
- Date: May 2016
- Private Equity Round
- Date: June 2018
- Lead Investors: Second Alpha Partners
Code42 has raised a total of $137.5M in funding.
Key Investors
- Accel
- Details: Accel is a global venture capital firm that partners with exceptional founders with unique insights, from inception through all phases of growth. The firm has a long history of investing in companies that have become market leaders.
- Investment Focus Areas: Technology, Internet, Software
- Notable Investments: Facebook, Dropbox, Slack
- JMI Equity
- Details: JMI Equity is a growth equity firm focused on investing in leading software companies. They provide capital and strategic support to help companies scale and achieve their growth objectives.
- Investment Focus Areas: Software, Internet, Business Services
- Notable Investments: ServiceNow, DoubleClick, Seismic
- New Enterprise Associates
- Details: New Enterprise Associates (NEA) is one of the world's largest and most active venture capital firms. They invest in technology and healthcare companies at all stages of growth.
- Investment Focus Areas: Healthcare, Technology, Consumer
- Notable Investments: Robinhood, Coursera, Cloudflare
- Second Alpha Partners
- Details: Second Alpha Partners is a private equity firm that specializes in secondary direct investments in growth-stage technology companies. They focus on providing liquidity to early investors and shareholders.
- Investment Focus Areas: Technology, Software, Internet
- Notable Investments: Not publicly disclosed
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