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New Deal


Announced

Completed

ICONIQ led a $300m funding round in Netskope.

Financials

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Transaction Value£217m
Consideration TypeCash
Capital Owned-
Capital Bid For4%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

Friendly

Cross Border

Completed

Single Bidder

Private

Software

software development

United States

Acquisition

Private Equity

Minority

cybersecurity

Synopsis

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ICONIQ, an American wealth management and investment firm, led a $300m funding round in Netskope, an American software company, with participation from Lightspeed Venture Partners, Accel, Sequoia Capital Global Equities, Base Partners, Sapphire Ventures, and Geodesic Capital. "Digital transformation doesn’t happen without network transformation and security transformation, and we believe that’s where Netskope delivers like no other provider. The demand for Netskope as part of a properly designed SASE architecture is very strong, and Sanjay and the entire Netskope team are seizing their moment. Netskope is pointing the way to where cloud, networking, security, and data protection are headed long-term. We deeply value our investment partnership with the company and are excited to expand it as we continue on this journey," Will Griffith, ICONIQ Founding Partner.

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