Total amount raised
$180 Millions
Latest funding date
09/01/2022
Location
Malwarebytes has successfully raised significant funding through various rounds, with notable investors including Vector Capital and Fidelity. The company's last funding round was a Private Equity round closed on September 21, 2022.
Keep reading to explore the intricacies of Malwarebytes' fundraising journey and the investors backing this cybersecurity platform.
What Is Malwarebytes?
Malwarebytes, founded in 2008 in Santa Clara, California, is a cybersecurity company that protects against and removes ransomware, spyware, adware, viruses, and other malware. The company offers a range of products for personal and business use, including antivirus, anti-malware, privacy protection, and scam protection solutions.
The founders of Malwarebytes are Bruce Harrison, Doug Swanson, Marcin Kleczynski, and Marcus Chung. The company has grown significantly since its inception and now employs between 501 and 1000 people.
Malwarebytes provides cybersecurity solutions for home and business PCs, Macs, iOS, and Android devices. Their offerings include antivirus software, identity theft protection, personal data removal, privacy VPN, and more.
How Much Funding Has Malwarebytes Raised?
- Series A
- Amount Raised: $30M
- Date: July 2014
- Lead Investors: Highland Capital Partners
- Valuation at Round: Under $300M
- Motivation Behind the Round: To scale the business after significant growth and interest from VCs.
- Series B
- Amount Raised: $50M
- Date: January 2016
- Lead Investors: Fidelity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the business, including hiring, product development, marketing, and acquisitions.
- Private Equity Round
- Amount Raised: $100M
- Date: September 2022
- Lead Investors: Vector Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and expand their cybersecurity solutions.
Total Amount Raised: $180M. Current Valuation: Not publicly disclosed.
Key Investors
Here are the major investors in Malwarebytes:
- Vector Capital
- Details: Vector Capital is a private equity firm specializing in transformational investments in established technology businesses. They focus on partnering with management teams to drive growth and operational improvements.
- Investment Focus Areas: Technology, software, internet, and digital media.
- Notable Investments: Not publicly disclosed.
- Fidelity Management and Research Company
- Details: Fidelity is a global asset management firm known for its extensive portfolio of high-profile investments. They have a reputation for both significantly boosting valuations and writing them down.
- Investment Focus Areas: Technology, transportation, hospitality.
- Notable Investments: Uber, Snapchat, Airbnb, SpaceX.
- Highland Capital Partners
- Details: Highland Capital Partners is a venture capital firm that invests in early to growth-stage technology and software companies. They have a history of supporting innovative startups.
- Investment Focus Areas: Technology, software, healthcare.
- Notable Investments: Not publicly disclosed.
Note: The information requested about notable investments and specific details for some investors was not found in the provided sources.
What's Next for Malwarebytes?
Malwarebytes stands at the cusp of significant growth opportunities, driven by the increasing demand for cybersecurity solutions across various platforms and sectors. The company is poised to expand its product offerings for both home users and businesses, leveraging its expertise in endpoint protection, incident response, and cloud-based security management. This expansion is supported by a robust network of solution providers and managed service providers, ensuring a broad reach and impact.
Future fundraising opportunities appear promising, as the company continues to innovate and enhance its product lineup. With a strong track record of profitability and cashflow positivity, Malwarebytes is well-positioned to attract further investments. These funds could be channeled into hiring new talent, product development, marketing, and potential acquisitions, particularly in the ad-blocking software space.
However, the path ahead is not without challenges. Malwarebytes must navigate the rapidly evolving landscape of cybersecurity threats, ensuring compliance with global data privacy regulations while maintaining its competitive edge. Additionally, the company must balance growth with profitability, avoiding the pitfalls of overvaluation and IPO pressures. Despite these challenges, Malwarebytes' strategic focus and industry expertise position it well for continued success.
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