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Announced

Completed

Insight Partners led a $70m Series B round in PlexTrac.

Financials

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Transaction Value£51m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

cybersecurity software

Acquisition

Private

United States

Single Bidder

Private Equity

Friendly

Completed

Minority

Software

Domestic

Synopsis

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Insight Partners, a New York-based global venture capital and private equity firm, led a $70m Series B round in PlexTrac, the cybersecurity software company, with participation from Madrona Venture Group, Noro-Moseley Partners and StageDotO Ventures. "As evidenced by their rapid growth and best-in-class customer satisfaction, it's clear that PlexTrac is filling a critical need for streamlined reporting, data aggregation and program management in cybersecurity. PlexTrac is poised to be a game changer in security workflow and management, and we are incredibly excited to partner with Dan and the entire team to fuel the next stage in the company's growth," Evan Hahn, Insight Partners Vice President.

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