Cybersecurity – What’s Happening at the Early Stage?
Early-stage deal and funding activity to cybersecurity firms hits a record. A16Z, SV Angel and Google Ventures are most active.
Cybersecurity early-stage deal sizes rise since 2011
Cybersecurity Series A deal sizes have bumped up over the past three years. 2011 saw cybersecurity startups raising, on average, $5.1M vs. $7.0M in 2012 and $6.6M in 2013 (after stripping out AirWatch’s mega-round). Peeling back Series A cybersecurity deals over the last four years, we see the average round comes in at $6.5M while average seed deal sizes have weighted in at $891K.
Cybersecurity most active early-stage investors – A16Z leads
On a unique company basis, Andreessen Horowitz has been the most active cybersecurity VC (we analyzed both pure-play and corporate VCs) at the early-stage since the start of 2010. A16Z has invested in over ten firms at the early-stage including Bromium, Pindrop, Bluebox, Illumio and Morta Security (recently acquired by Palo Alto Networks). While Intel Capital has been the most active corporate VC in cybersecurity and has notched some high-profile exits, Google Ventures actually has been the most active early-stage CVC in the space over the period investing in firms including Ionic Security, ThreatStream and Duo Security.
The top 20 most active early-stage cybersecurity investors based on the number of unique company deals are listed below.
Source : https://www.cbinsights.com/blog/cybersecurity-early-stage-snapshot/
