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Announced

Completed

Insight Partners led a $115m Series B round in Island.

Financials

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Transaction Value£87m
Consideration TypeCash
Capital Owned-
Capital Bid For9%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Domestic

Private Equity

Private

Completed

enterprise browser

Minority

web based solutions

Single Bidder

United States

secure web browser

Venture Capital

Friendly

Digital Services

Synopsis

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Insight Partners, a New York-based global venture capital and private equity firm, led a $115m Series B round in Island, a cyber startup that provides a secure web browser for the enterprise, with participation from Stripes and Sequoia Capital. "Island has created a whole new way of thinking about enterprise work. By fundamentally transforming the work environment to be secure-by-design, the Island Enterprise Browser enables organizations to achieve entirely new levels of security, productivity, and IT efficiency. The enthusiasm from our customers and the IT community has been extraordinary. New investment from Insight Partners and increased investment from our original funding partners validates our product-market fit, accelerates our momentum, and highlights the huge opportunity in front of us," Mike Fey, Island CEO and Co-Founder.

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