Total amount raised
$139.8 Million
Latest funding date
01/01/2022
Location
Virtru has successfully raised $50 million in its Series D funding round, bringing its total number of funding rounds to eight. The company is backed by 17 investors, including ICONIQ Capital and Foundry Capital.
Keep reading to explore the intricacies of Virtru's fundraising journey and the investors backing this data security platform.
What Is Virtru?
Virtru is a data security company based in Washington, D.C., specializing in email encryption and file sharing solutions. The company operates in multiple industries, including Cyber Security, Information Technology, Privacy, SaaS, Security, and Software.
Founded in Washington, D.C., Virtru has an employee count ranging from 251 to 500. The company provides secure data sharing and compliance solutions for both commercial and government sectors, integrating with platforms like Google Workspace and Microsoft 365.
How Much Funding Has Virtru Raised?
- Series D
- Amount Raised: USD 50,000,000
- Date: July 2025
- Lead Investors: ICONIQ Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and enhance market reach.
- Series C
- Amount Raised: USD 60,000,000
- Date: January 2022
- Lead Investors: Foundry Capital, ICONIQ Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product delivery and expand sales, marketing, and R&D teams.
- Series B
- Amount Raised: USD 37,500,000
- Date: May 2018
- Lead Investors: ICONIQ Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product development.
- Series A
- Amount Raised: USD 29,000,000
- Date: August 2016
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and develop new features.
- Series Unknown
- Amount Raised: USD 6,000,000
- Date: June 2014
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and product development.
- Debt Financing
- Amount Raised: USD 4,255,000
- Date: April 2014
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure working capital for operational expenses.
- Seed
- Amount Raised: USD 3,005,000
- Date: May 2013
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and enter the market.
Total Amount Raised: USD 189,760,000. Current Valuation: Not publicly disclosed.
Key Investors
- ICONIQ Capital
- Details: ICONIQ Capital is a global multi-family office and merchant bank that invests in technology companies. They have a strong presence in Silicon Valley and manage assets for some of the world's wealthiest families.
- Investment Focus Areas: Technology, SaaS, Fintech
- Notable Investments: Airbnb, Uber, Zoom
- Foundry Capital
- Details: Foundry Capital is a venture capital firm that invests in early-stage technology companies. They are known for their hands-on approach and strong network in the tech industry.
- Investment Focus Areas: Early-stage technology, Data protection, Security
- Notable Investments: SendGrid, Fitbit, Zynga
- ICONIQ Growth
- Details: ICONIQ Growth is the growth equity arm of ICONIQ Capital, focusing on scaling technology companies. They provide both capital and strategic support to their portfolio companies.
- Investment Focus Areas: Growth-stage technology, SaaS, Cloud computing
- Notable Investments: Snowflake, Datadog, GitLab
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a venture capital firm that invests in early to growth-stage technology companies. They have a long history of successful investments in the tech sector.
- Investment Focus Areas: SaaS, Cloud computing, Cybersecurity
- Notable Investments: LinkedIn, Shopify, Twilio
- Tiger Global
- Details: Tiger Global is an investment firm that focuses on public and private companies in the global Internet, software, consumer, and financial technology industries. They are known for their aggressive investment strategy.
- Investment Focus Areas: Internet, Software, Consumer, Fintech
- Notable Investments: Facebook, LinkedIn, Spotify
What's Next for Virtru?
Virtru stands at the cusp of significant growth, driven by the increasing demand for secure data sharing solutions. With over 7,000 enterprise customers and a robust encryption platform, the company is well-positioned to expand its Trusted Data Format (TDF) standard across various industries. The rise of remote work and the need for zero trust security models present substantial opportunities for Virtru to integrate its solutions with more SaaS applications and enhance its developer tools.
Future fundraising efforts are likely as Virtru continues to innovate and scale its operations. The successful Series C round indicates strong investor confidence, suggesting that additional funding rounds could support further expansion and product development. However, the company must navigate challenges such as maintaining seamless user experience and staying ahead of emerging security threats in a competitive market.
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