Total amount raised
$90.2 Million
Latest funding date
10/01/2017
Location
Mimecast has raised funding over 5 rounds, with the latest being a Post-IPO Equity round. The company is backed by investors including ATL Partners and Dawn Capital.
Keep reading to explore the intricacies of Mimecast's fundraising journey and the investors backing this innovative platform.
What Is Mimecast?
Mimecast, founded in 2003, is a cybersecurity company specializing in advanced email security and human risk management solutions. The company is headquartered in London, England, United Kingdom, and has a global presence.
With an employee count ranging from 1001 to 5000, Mimecast leverages AI to protect against sophisticated email and collaboration threats, manage insider risks, ensure data compliance, and enhance security awareness. The company serves over 42,000 customers globally and integrates with over 300 other platforms to offer comprehensive security solutions.
How Much Funding Has Mimecast Raised?
- Seed Round
- Amount Raised: USD 2,000,000
- Date: August 2008
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop its initial product offerings.
- Series A
- Amount Raised: USD 3,000,000
- Date: September 2008
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance product development.
- Series B
- Amount Raised: USD 21,000,000
- Date: January 2010
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series C
- Amount Raised: USD 62,000,000
- Date: September 2012
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate technology development and expand in the US market.
- Post-IPO Equity
- Amount Raised: USD 403,000
- Date: October 2017
- Lead Investors: ATL Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business growth and operational scaling.
Total Amount Raised: USD 88,403,000. Current Valuation: Not publicly disclosed.
Key Investors
- ATL Partners
- Details: ATL Partners is a private equity firm focused on investments in aerospace, transportation, and logistics. They led the Post-IPO Equity round for Mimecast.
- Investment Focus Areas: Aerospace, Transportation, Logistics
- Notable Investments: Not publicly disclosed
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm investing in high-growth technology and software companies. They led the Series C funding round for Mimecast.
- Investment Focus Areas: Technology, Software, Internet
- Notable Investments: Twitter, Shopify, DocuSign
- Index Ventures
- Details: Index Ventures is a venture capital firm investing in technology and life sciences companies. They led the Series B funding round for Mimecast.
- Investment Focus Areas: Technology, Life sciences, Fintech
- Notable Investments: Dropbox, Slack, Robinhood
- Dawn Capital
- Details: Dawn Capital is a venture capital firm specializing in early-stage and growth-stage technology companies. They participated in the Series C funding round for Mimecast.
- Investment Focus Areas: Enterprise software, Fintech
- Notable Investments: iZettle, Collibra, Tink
What's Next for Mimecast?
Mimecast is poised for significant growth as it expands its footprint in the US market and continues to innovate its cloud-based email management solutions. With a strong customer base and consistent revenue growth, the company is well-positioned to capitalize on the increasing demand for advanced email security and archiving solutions.
Future fundraising opportunities are likely as Mimecast seeks to support its ambitious expansion and technology development plans. The company may attract additional investors eager to back its growth trajectory and innovative product offerings.
However, Mimecast will face challenges such as intense competition and the complexities of transitioning users from older email systems. Staying ahead of technological advancements and evolving security threats will be crucial for maintaining its market position.
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