Stripes leads $150m round for Snyk at $1bn+ valuation

Investors including Coatue, Tiger Global, BoldStart, Trend Forward, Amity and Salesforce Ventures also participated.

In July 2019, Peter McKay, previously a Snyk investor, took over the position of CEO from founder Guy Podjarny.

Previous funding
Boldstart, via Boldstart Ventures III, and Canaan Partners provided $3m in seed funding to Snyk in 2016.

Boldstart and Canaan returned for a $7m series-A round for the firm in March 2018. Additional investors included Heavybit, FundFire and Peter McKay, among others.

Accel led a $22m series-B for the company in 2018, with participation from GV, Boldstart and Heavybit.

In September 2019, Accel Partners led a $70m funding round. Existing US-based investors GV and Boldstart Ventures also participated in the fundraise.

Company
Headquartered in London and founded in 2015, Snyk offers a product that enables developers and enterprise security to continuously find and fix vulnerable dependencies throughout the development process. It operates offices in Tel Aviv and Boston. The company had 150 employees as of July 2019.

People
Stripes – Ken Fox (founder, partner).
Salesforce Ventures – Alex Kayyal (partner).
Snyk – Peter McKay (CEO).

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