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Announced

Completed

Bessemer Venture Partners led a $110m Series C round in Teleport.

Financials

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Transaction Value£87m
Consideration TypeCash
Capital Owned-
Capital Bid For10%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Completed

Venture Capital

Acquisition

United States

Single Bidder

Domestic

access management

Digital Services

Private

digital solutions

Minority

software development

Friendly

Synopsis

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Bessemer Venture Partners, an American venture capital firm, led a $110m Series C round in Teleport, a provider of Identity-based Infrastructure Access Management, with participation from Insight Partners, Kleiner Perkins and S28 Capital. "Growing complexity of modern cloud environments has led to a situation where managing secure access to infrastructure begins to break, as evidenced by increased frequency and severity of breaches," Ev Kontsevoy, Teleport Co-Founder and CEO.

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