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New Deal


Announced

Completed

Advent led a $35m Series C funding round in HYPR.

Financials

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Transaction Value£25m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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passwordless authentication

Software

United States

Private

Venture Capital

Minority

Acquisition

Private Equity

Completed

Friendly

Cross Border

Single Bidder

Synopsis

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Advent led a $35m Series C funding round in HYPR, a provider of true passwordless security solutions. The round had participation from investors RRE Ventures, .406 Ventures, BoldStart, Top Tier Capital, MESH, Alumni Ventures Group, Allen & Co, Samsung NEXT and Mastercard. "Removing passwords for customers and employees eliminates a critical cybersecurity vulnerability, lowers IT support costs, and improves the overall user experience. HYPR is a leading player in the emerging passwordless space, and has proven its ability to deliver for a large and diverse group of customers. We are incredibly excited to partner with HYPR, and believe the company is well-positioned for continued growth," Ashwin Krishnan, Advent's New York technology team Principal.

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