Fortinet

Type

Corporate investor

Status

Active

Location

Sunnyvale, United States

Total investments

6

Average round size

34M

Portfolio companies

4

Rounds per year

0.25

Lead investments

1

Follow on index

0.33

Exits

3

Areas of investment
InfrastructureE-CommerceSoftwareInformation TechnologyInformation ServicesSaaSCyber SecurityNetwork SecuritySecurityIdentity Management

Summary

Fortinet appeared to be the Corporate Investor, which was created in 2000. The main office of represented Corporate Investor is situated in the Sunnyvale. The fund was located in North America if to be more exact in United States.

This organization was formed by Ken Xie, Michael Xie.

The usual cause for the fund is to invest in rounds with 7-8 partakers. Despite the Fortinet, startups are often financed by Trident Capital, EPIC Ventures, Mayfield Fund. The meaningful sponsors for the fund in investment in the same round are Vanedge Capital, VMware, Trident Capital. In the next rounds fund is usually obtained by Vanedge Capital, VMware, Trinity Capital Investment.

Deals in the range of 10 - 50 millions dollars are the general things for fund. The increased amount of exits for fund were in 2018. The fund is generally included in less than 2 deals every year. Opposing the other organizations, this Fortinet works on 4 percentage points less the average amount of lead investments. The top activity for fund was in 2017.

Among the most successful fund investment fields, there are Security, Identity Management. Besides, a startup needs to be aged 6-10 years to get the investment from the fund. For fund there is a match between the location of its establishment and the land of its numerous investments - United States. The fund has no exact preference in some founders of portfolio startups. Among the most popular portfolio startups of the fund, we may highlight Centrify, HyTrust, UBiqube.

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Investor highlights

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Investments analytics

Analytics

Total investments
6
Lead investments
1
Exits
3
Rounds per year
0.25
Follow on index
0.33
Investments by industry
  • Software (5)
  • Security (4)
  • Infrastructure (3)
  • Cyber Security (3)
  • Information Technology (2)
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Investments by region
  • United States (5)
  • Ireland (1)
Peak activity year
2017

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Quantitative data

Avg. startup age at the time of investment
22
Group Appearance index
0.83
Avg. company exit year
16

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
HyTrust 26 Aug 2013 Infrastructure, Software, Cyber Security, Security Late Stage Venture 18M United States, California, Mountain View
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