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New Deal


Announced

Completed

CRV and Insight Partners led a $100m Series B round in Tailscale.

Financials

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Transaction Value£79m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Software

Private

Minority

Friendly

Completed

Acquisition

Private Equity

software development

Canada

Single Bidder

Venture Capital

Synopsis

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CRV and Insight Partners led a $100m Series B round in Tailscale, a software company with a freemium business model based in Toronto, with participation from Accel, Heavybit and Uncork Capital. "Protecting access to devices, networks, and critical systems is the first wall of defense for organizations against bad actors, but ensuring this level of security without getting in development teams’ way remains a bottleneck for so many organizations. Tailscale clears this bottleneck for every developer, on every device, and every application, making it simple to enforce granular access controls while keeping security teams compliant," Reid Christian, CRV General Partner.

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