Total amount raised
$90.2 Millions
Latest funding date
10/01/2017
Location
Mimecast has successfully raised significant funding over multiple rounds, culminating in its acquisition by Permira for $5.8 billion. The company has attracted investment from notable investors, including ATL Partners and Dawn Capital.
Keep reading to explore the intricacies of Mimecast's fundraising journey and the investors backing this advanced email security platform.
What Is Mimecast?
Mimecast, founded in 2003 by Neil Murray and Peter Bauer, is headquartered in London, England. The company specializes in providing a SaaS-based email management platform that enhances business communication and data management. With a workforce ranging between 1001-5000 employees, Mimecast focuses on email security, service continuity, and archiving.
How Much Funding Has Mimecast Raised?
- Seed Round
- Amount Raised: $2M
- 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 initial product development.
- Series A
- Amount Raised: $3M
- Date: September 2008
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the product offering.
- Series B
- Amount Raised: $21M
- 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: $62M
- Date: September 2012
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate technology development, expand in the US market, and drive product innovations.
- Post-IPO Equity
- Amount Raised: $403K
- Date: October 2017
- Lead Investors: ATL Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and strategic initiatives.
Total Amount Raised: $88.403M
Current Valuation: Not publicly disclosed
Key Investors
The major investors in Mimecast have played a significant role in its growth and development. Here are the key investors along with some details about them:
- ATL Partners
- Details: ATL Partners is a private equity firm that focuses on investments in the aerospace, transportation, and logistics sectors. They are known for their strategic approach to building value in their portfolio companies.
- Investment Focus Areas: Aerospace, transportation, logistics
- Notable Investments: Not publicly disclosed
- Insight Partners
- Details: Insight Partners is a private equity and venture capital firm that invests in growth-stage technology and software companies. They have a strong track record of helping companies scale and achieve significant growth.
- Investment Focus Areas: Technology, software, growth-stage companies
- Notable Investments: Twitter, Shopify, DocuSign
- Index Ventures
- Details: Index Ventures is a global venture capital firm that invests in technology-enabled companies. They have a diverse portfolio and are known for their early-stage investments in innovative startups.
- Investment Focus Areas: Technology, software, early-stage companies
- Notable Investments: Dropbox, Slack, Robinhood
- Dawn Capital
- Details: Dawn Capital is a venture capital firm that focuses on investing in early-stage and growth-stage technology companies. They have a particular interest in enterprise software and fintech sectors.
- Investment Focus Areas: Enterprise software, fintech, early-stage companies
- Notable Investments: iZettle, Collibra, Tink
Note: The valuation status of Mimecast is not publicly disclosed.
What's Next for Mimecast?
Mimecast's future is brimming with opportunities, particularly in the US market, where the company aims to expand its customer base and introduce new technological innovations. With a strong foundation of 6,000 customers and 1.5 million users, the potential for growth is substantial, especially as many corporate email users still rely on older versions of Microsoft Exchange.
Given its impressive growth trajectory and recent successful funding rounds, Mimecast is well-positioned for future fundraising opportunities. These funds could further accelerate their expansion and technological advancements, ensuring they stay ahead in the competitive landscape of cloud-based email management.
However, challenges such as intense competition and the need to continuously innovate to meet evolving customer expectations and security threats remain. Mimecast must navigate these hurdles to maintain its growth momentum and capitalize on the burgeoning demand for sophisticated email management solutions.
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