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Announced

Completed

ION Crossover Partners led a $135m Series E round in Aqua Security.

Financials

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Transaction Value£97m
Consideration TypeCash
Capital Owned-
Capital Bid For13%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Venture Capital

Private

Single Bidder

Minority

Domestic

Completed

Private Equity

Software

Friendly

United States

security solution

cybersecurity

Synopsis

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ION Crossover Partners, an investment company, led a $135m Series E round in Aqua Security, a pure-play cloud native security company, with participation from M12, Lightspeed Venture Partners, Insight Partners, TLV Partners, Greenspring Associates, and Acrew. "Aqua has demonstrated that they have the strongest products, and a compelling vision for how to best secure the modern technology stacks being deployed across the world's largest enterprises. In speaking with Aqua's customers, it was clear that Aqua has the best platform for Kubernetes and cloud native security. Its ongoing innovative support for the wide range of multi-cloud environments, and superb customer success, have helped customers accelerate their move to cloud native platforms. We look forward to working with Aqua to further grow the business to drive global adoption and category dominance," Gili Iohan, ION Crossover Partners General Partner.

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