Private Equity

PE Fund Investments

Data security startup Seclore attracts $27-M; VenturEast exits

Press Release   YourStory  

Seclore, data-centric security platform provider, has attracted USD 27 million in Series C funding round led by Oquirrh Ventures and Origami Capital. As part of this transaction, VenturEast - which had backed the company at seed and Series A rounds - has made a full exit with a 17.5X return on its seed round investment. Mumbai- and Milpitas, CA (USA)-based Seclore offers an open, automated, browser-based, data-centric security platform for enterprises. It allows organisations to utilise best-of-breed solutions to discover, classify, protect, and track enterprise data, both within and outside the organisation's boundaries. With the primary capital, Seclore aims to fast-track its journey to become the platform of choice for enterprise data protection initiatives. The company will use the funds to expand its headcount globally as well as its customer base in North America.

From the Venture Intelligence PE-VC Deal Database: Between Mar-2010 and Mar-2018, Seclore had raised over USD 20 M from India Alternatives, Sistema Asia Fund, Helion Ventures and Ventureast. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)