Total amount raised
£21.7 Millions
Latest funding date
10/01/2018
Location
Omada has successfully raised funding through multiple rounds, with notable investors including GRO Capital and CVC Capital Partners. The company specializes in identity management and access governance applications, offering solutions like Omada Identity Cloud and Omada Identity.
Keep reading to explore the intricacies of Omada's fundraising journey and the investors backing this innovative platform.
What Is Omada?
Omada, founded in 1999 by Morten Sigurdsson, is a leading provider of identity management and access governance solutions. The company is headquartered in Copenhagen, Denmark, and operates within industries such as compliance, identity management, and information technology.
With an employee count ranging from 251 to 500, Omada offers products like Omada Identity Cloud and Omada Identity, which help organizations achieve compliance, reduce risk, and enhance efficiency. The company is recognized for its innovative solutions and has received multiple awards in the cybersecurity domain.
How Much Funding Has Omada Raised?
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: October 2018
- Lead Investors: CVC Capital Partners, GRO Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate Omada's growth and expand market presence.
- Venture Round
- Amount Raised: £21.7M
- Date: May 2015
- Lead Investors: C5 Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Omada's expansion and development.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: June 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial growth.
Total Amount Raised: £21.7M
Current Valuation: Not publicly disclosed
Key Investors
- CVC Capital Partners
- Details: CVC Capital Partners is a leading private equity and investment advisory firm. They acquired Omada in December 2018 through their Growth Fund.
- Investment Focus Areas: Growth investments, strategic acquisitions, market expansion.
- Notable Investments: Omada, Petco, Avast.
- GRO Capital
- Details: GRO Capital is a private equity firm that focuses on investments in technology and software companies. They became a majority shareholder in Omada alongside CVC Capital Partners.
- Investment Focus Areas: Technology, software, growth-stage companies.
- Notable Investments: Omada, Trackunit, Templafy.
- C5 Capital
- Details: C5 Capital is a venture capital firm specializing in cybersecurity, cloud computing, and data analytics. They were a key investor in Omada's venture round in 2015.
- Investment Focus Areas: Cybersecurity, cloud computing, data analytics.
- Notable Investments: Omada, IronNet Cybersecurity, Shape Security.
What's Next for Omada?
Omada stands at the cusp of significant growth opportunities, driven by the increasing demand for identity governance and administration solutions. With new majority shareholders, CVC Capital Partners and GRO Capital, the company is well-positioned to expand its market presence in Europe and North America. The strategic investment and expansion of the board of directors with experienced individuals from these firms provide a solid foundation for accelerated growth.
Future fundraising opportunities appear promising, as the involvement of CVC Capital Partners and GRO Capital suggests potential for further capital injections. This financial backing could support Omada in attracting more high-profile customers and complying with evolving regulatory requirements. However, the company may face challenges such as intense competition in the identity governance market and the need to align with the strategic goals of its new shareholders.
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