Total amount raised
$899.2 Millions
Latest funding date
Location
Arctic Wolf has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company specializes in providing advanced cybersecurity solutions designed to protect organizations from evolving threats.
Keep reading to explore the intricacies of Arctic Wolf's fundraising journey and the investors backing this innovative platform.
What Is Arctic Wolf?
Arctic Wolf, founded in April 2012 by Brian NeSmith, is headquartered in Eden Prairie, Minnesota. The company specializes in providing cloud-native security operations technology to reduce cyber risks.
Arctic Wolf offers a range of cybersecurity solutions, including Managed Detection and Response, Managed Risk, and Managed Cloud Monitoring, delivered through a concierge security team. Their services encompass threat detection and response, ongoing risk management, and security awareness training.
With a workforce of 1001-5000 employees, Arctic Wolf is dedicated to making security work for organizations by providing tailored security expertise and guided risk mitigation.
How Much Funding Has Arctic Wolf Raised?
- Series A
- Amount Raised: $7.2M
- Date: May 2012
- Lead Investors: Lightspeed Venture Partners, Redpoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish initial operations and develop core cybersecurity solutions.
- Series B
- Amount Raised: $20M
- Date: December 2012
- Lead Investors: Lightspeed Venture Partners, Redpoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale the business.
- Series B
- Amount Raised: $16M
- Date: January 2018
- Lead Investors: Bright Pixel (formerly Sonae IM)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and increase market penetration.
- Series C
- Amount Raised: $45M
- Date: October 2018
- Lead Investors: Future Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and expand customer base.
- Series D
- Amount Raised: $60M
- Date: March 2020
- Lead Investors: Blue Cloud Ventures, Stereo Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand into new markets.
- Series E
- Amount Raised: $200M
- Date: October 2020
- Lead Investors: Viking Global Investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance cybersecurity offerings.
- Series F
- Amount Raised: $150M
- Date: July 2021
- Lead Investors: Owl Rock Capital, Viking Global Investors
- Valuation at Round: $4.3 billion
- Motivation Behind the Round: To support global expansion and strategic acquisitions.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Convertible Note
- Amount Raised: $401M
- Date: October 2022
- Lead Investors: Owl Rock Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bolster the balance sheet and support potential acquisitions.
Arctic Wolf has raised a total of $899.2M. The most recent valuation is $4.3 billion.
Key Investors
- Owl Rock Capital
- Details: Owl Rock Capital specializes in providing direct lending solutions to middle-market companies. They are known for their expertise in structured finance and private credit.
- Investment Focus Areas: Technology, healthcare, industrials
- Notable Investments: Not publicly disclosed
- Viking Global Investors
- Details: Viking Global Investors is a global investment firm that manages capital for institutions and individuals across various asset classes. They focus on both public and private equity markets.
- Investment Focus Areas: Technology, healthcare, consumer goods
- Notable Investments: Facebook, Alibaba, other high-growth tech firms
- Ontario Teachers' Pension Plan
- Details: The Ontario Teachers' Pension Plan is one of the largest and most sophisticated pension funds in the world. They manage a diverse global portfolio including public equities, private equity, infrastructure, and real estate.
- Investment Focus Areas: Real estate, infrastructure, private equity
- Notable Investments: Not publicly disclosed
- Neuberger Berman
- Details: Neuberger Berman is an investment management firm that offers a range of strategies, including equities, fixed income, and alternatives. They have a strong focus on long-term value creation.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Not publicly disclosed
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a venture capital firm that focuses on early-stage investments in the enterprise and consumer sectors. They have a global presence with investments in various high-growth companies.
- Investment Focus Areas: Enterprise, consumer, technology
- Notable Investments: Snap, Affirm, MuleSoft
What's Next for Arctic Wolf?
Arctic Wolf stands at the cusp of significant growth opportunities, driven by the $401 million in recent funding. This financial boost positions the company to expand its managed cybersecurity services globally, particularly in regions like South Africa and Australia. The ongoing digital transformation and hybrid work environments further amplify the demand for robust cybersecurity solutions, presenting a vast market for Arctic Wolf to tap into.
Future fundraising opportunities appear promising, with the potential for an initial public offering (IPO) once market conditions stabilize. The company's strategic acquisitions, such as Tetra Defense, and the continued interest from investors like Owl Rock and Viking Global Investors, indicate a strong foundation for future growth. However, Arctic Wolf must navigate challenges such as intense market competition, the need for continuous innovation, and the integration of acquired entities to maintain its competitive edge.
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