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New Deal


Announced

Completed

ICONIQ led a $100m Series B round in Drata.

Financials

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Transaction Value£74m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Domestic

compliance automation

Single Bidder

United States

Private

Digital Services

Acquisition

Private Equity

Completed

Minority

Venture Capital

Synopsis

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ICONIQ led a $100m Series B round in Drata, a next-gen security and compliance automation company, with participation from Alkeon Capital and Salesforce Ventures. "We believe Drata's growth in just 10 months has been nothing short of incredible, and this traction made us strong believers of the team's exceptional product innovation and category leadership. We are inspired by companies that truly have the power to drive change, and we believe Drata's automation-led platform has the power to do that through its unique strategic value combined with deep customer love and ability to execute," Will Griffith, ICONIQ Growth Founding Partner.

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