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New Deal


Announced

Completed

Battery Ventures and Ten Eleven Ventures led a $40m Series C round in Ordr.

Financials

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Transaction Value£31m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Domestic

Venture Capital

Single Bidder

cybersecurity

Acquisition

Friendly

United States

IT Services: Other

Minority

Private Equity

Completed

Synopsis

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Battery Ventures and Ten Eleven Ventures, venture capital firms, led a $40m Series C round in Ordr, a cybersecurity startup, with participation from Northgate Capital, Wing Venture Capital, Unusual Ventures, Kaiser Permanente Ventures, and Silicon Valley entrepreneurs Mayo Clinic, René Bonvanie, Dan Warmenhoven and Dominic Orr. “Ordr has built a platform that not only solves an important market issue – the need to definitively understand and protect what is connecting to your organization’s network – but is truly scalable to keep pace with the speed of today’s businesses. We’ve worked with Ordr’s team and seen firsthand how well they’ve executed against aggressive goals. This additional funding will accelerate Ordr’s market leadership and success in the market,” Dharmesh Thakker, Battery Ventures General Partner.

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