Total amount raised
$546.8 Millions
Latest funding date
7/1/2020
Location
Kaseya has successfully raised significant funding over multiple rounds, attracting notable investors such as Insight Partners and TPG. The company specializes in IT and security management software, offering a comprehensive suite of solutions for IT professionals and managed service providers.
Keep reading to explore the intricacies of Kaseya's fundraising journey and the investors backing this innovative platform.
What Is Kaseya?
Kaseya, founded in 2000 in Miami, Florida, is a leading provider of IT and security management solutions. The company specializes in offering a range of services, including remote management, IT automation, and endpoint security, tailored for IT professionals and managed service providers.
With a workforce of 5001-10000 employees, Kaseya continues to innovate in the IT sector, providing tools that help organizations maximize efficiency and minimize costs. The company's solutions are designed to manage and secure all aspects of information technology, making it a trusted partner for businesses worldwide.
Co-founded by Fred Voccola, Kaseya has grown significantly over the years, attracting substantial investment and expanding its product offerings to meet the evolving needs of the IT industry. For more detailed information, you can visit their official website or their Crunchbase profile.
How Much Funding Has Kaseya Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: July 2000
- Lead Investors: Whitman Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop initial product offerings.
- Private Equity Round
- Amount Raised: Not publicly disclosed
- Date: June 2013
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product development.
- Venture Round
- Amount Raised: €38M (approx. $45M)
- Date: November 2017
- Lead Investors: Ireland Strategic Investment Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and strategic acquisitions.
- Private Equity Round
- Amount Raised: $500M
- Date: May 2019
- Lead Investors: TPG
- Valuation at Round: $1.75 billion
- Motivation Behind the Round: To fuel growth, customer momentum, and innovation of the IT Complete platform.
- Venture Round
- Amount Raised: $2M
- Date: July 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue product innovation and market expansion.
Total Amount Raised: $547M
Current Valuation: $1.75 billion
Key Investors
- Insight Partners
- Details: Insight Partners is a global venture capital and private equity firm founded in 1995. They focus on high-growth technology and software companies.
- Investment Focus Areas: Software, Internet, Data Services
- Notable Investments: Twitter, Shopify, Qualtrics
- TPG
- Details: TPG is a leading global alternative asset firm with more than $104 billion in assets under management. They invest across various industries and geographies.
- Investment Focus Areas: Technology, Healthcare, Consumer/Retail
- Notable Investments: Airbnb, Uber, Spotify
- Whitman Capital
- Details: Whitman Capital is a private investment firm known for its early-stage investments. They have a history of backing innovative startups.
- Investment Focus Areas: Technology, Healthcare, Financial Services
- Notable Investments: Not publicly disclosed
- Ireland Strategic Investment Fund
- Details: The Ireland Strategic Investment Fund is a sovereign development fund managed by the National Treasury Management Agency. They focus on investments that support economic activity and employment in Ireland.
- Investment Focus Areas: Infrastructure, Technology, Renewable Energy
- Notable Investments: Not publicly disclosed
What's Next for Kaseya?
As Kaseya looks to the future, the opportunities are vast. With the managed services market projected to grow from $180 billion to $282 billion by 2023, Kaseya is well-positioned to capitalize on this expansion. The company plans to leverage its recent $500 million investment to fuel strategic acquisitions, deepen its international market presence, and enhance its IT Complete platform through increased R&D spending.
Future fundraising opportunities are likely, given the strong backing from TPG and Insight Partners. These funds could support further acquisitions and innovation, ensuring Kaseya remains competitive. However, challenges such as integrating acquired companies and maintaining growth momentum amidst fierce competition from other private equity-backed firms like ConnectWise and Datto could pose significant hurdles.
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