Total amount raised
$23 Millions
Latest funding date
8/1/2022
Location
Securly has successfully raised $23 million over four funding rounds, positioning itself as a significant player in the education technology sector.
Keep reading to explore the intricacies of Securly's fundraising journey and the investors backing this innovative platform.
What Is Securly?
Securly, founded by Bharath Madhusudan and Vinay Mahadik, is a leading innovator in student safety solutions. Established in San Jose, the company has expanded its presence to the United Kingdom.
With a workforce of 201-500 employees, Securly focuses on creating a safer digital environment for children. Their tools include AI that detects signs of bullying and self-harm, ensuring student safety both online and offline.
Securly's mission is to mitigate the negative effects of the internet on children while promoting its benefits for learning and development. Their comprehensive suite of products addresses student safety, wellness, and engagement.
How Much Funding Has Securly Raised?
- Series A Round
- Amount Raised: $4 million
- Date: October 2016
- Lead Investors: Owl Ventures
- Motivation Behind the Round: To expand Securly's cloud-based web filtering system for K-12 schools and develop tools for parental alerts and home app versions.
- Series B Round
- Amount Raised: $16 million
- Date: December 2018
- Lead Investors: Defy Partners, with participation from Owl Ventures
- Motivation Behind the Round: To accelerate research and development in K-12 safety and ramp up sales and support.
Securly has raised a total of $20 million in funding. The most recent valuation is $16 million (~estimated).
Key Investors
- Defy Partners
- Details: Founded in 2016, Defy Partners is a venture firm focused on early Series A investments. Co-founded by Neil Sequeira and Trae Vassallo, the firm aims to help companies mature and scale.
- Investment Focus Areas: Early Series A investments, companies solving complex problems, scaling post-seed funding.
- Notable Investments: The Honest Company, Nest, Elemental.
- Owl Ventures
- Details: Owl Ventures is a venture capital firm that focuses on investments in the education technology sector. They aim to support companies that can integrate into educational systems and have international scalability.
- Investment Focus Areas: Education technology, scalable educational solutions, international market potential.
- Notable Investments: Not specified in the sources.
What's Next for Securly?
As Securly looks to the future, the opportunities are vast. The company is poised to expand its reach in the K-12 safety market, which is estimated to be around $10 billion. With over 2,000 paid school districts and a similar number using its free services, Securly has a solid foundation to build upon. The growing need for online safety solutions in education presents a significant opportunity for Securly to enhance its product offerings and increase market penetration.
Future fundraising efforts could be on the horizon as Securly aims to accelerate research and development and expand its sales and support teams. The substantial market size and the critical need for enhanced online safety solutions suggest that Securly may attract further investment. However, the company will need to navigate challenges such as competition from other enterprise security vendors and ensuring the accuracy of its machine learning algorithms.
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