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New Deal


Announced

Completed

Eurazeo led a $100m Series F round in Devo Technology.

Financials

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Transaction Value£79m
Consideration TypeCash
Capital Owned-
Capital Bid For5%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Completed

Information / Data Services

data analytics

United States

Acquisition

Friendly

Minority

Venture Capital

Cross Border

Single Bidder

Private

cybersecurity

Synopsis

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Eurazeo, a global investment firm, led a $100m Series F round in Devo Technology, the cloud-native logging and security analytics company, with participation from Insight Partners, Georgian, TCV, General Atlantic, Bessemer Venture Partners, Kibo Ventures and ISAI Cap Venture. "Security teams are facing more threats than ever—regardless of industry or geography—and that challenge is compounded by the difficulty of hiring and retaining talent, a lack of visibility into the full attack surface, and the speed and scale necessary to keep up with not just growing threats, but the growth of their organizations. This round of funding allows us to deliver on the autonomous SOC through continued innovation of our technology, expand to more regions to serve more customers, and consider more M&A opportunities. We’re thrilled to have instilled such confidence in our investors that they continue to support our innovation and the value we deliver to customers," Marc van Zadelhoff, Devo CEO.

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