📊 Cybersecurity Funding Review - June 2022

Each month I do a quick recap of cybersecurity funding and acquisition stats by the numbers with visuals.

All of this is built off of the data I collect each week from the Security, Funded newsletter. If you're not signed up, please consider it!

At a Glance

A lookback at what moved the cybersecurity market in June 2022.

• Approximately $919.6M was invested in 54 cybersecurity companies across 33 unique product categories in June 2022, which was a significant drop from the $1.9B invested in 62 companies in May 2022.
• 10 Series B rounds accounted for 43.4% or $339.0M of funding
• Almost 70% of funding when to United States-based companies, a 10% drop from May 2022, with 18% of funding going to Israeli companies.
• Anetcdotally, capital for cybersecurity companies went a bit more global than in previous months. This could have been in part to the beginning of tightening down on investments globally as VCs and PEGs had to be a bit more methodical about their investments.
• 19 companies across 11 unique product categories accounted for $700.0M merger or acquisition events
• Managed Security Services Provider (MSSP) were once again the most acquired category of company, followed by the Secure Networking category.

Top Funded Product Categories

• $110.0M for Continuous Compliance
• $101.3M for Data Access Governance
• $84.5M for Data Protection
• $70.0M for SaaS Security
• $61.5M for Application Security

Top Funded Industries

• $824.1M for No Industry (none)
• $50.0M for Government
• $15.0M for Financial Services
• $11.6M for Insurance
• $7.4M for Consumer

Top Lead Investor Teams

• $110.0M for Craft Ventures
• $100.0M for NightDragon Security
• $70.0M for Thoma Bravo
• $60.0M for National Grid Partners (NGP)
• $53.0M for Acrew Capital

Top Countries Funded

• $642.0M for United States
• $168.3M for Israel
• $29.3M for United Kingdom
• $23.4M for France
• $22.5M for Denmark

Data Collection Methodology

A few tenants I follow for collecting and creating this data:

• I only use public data sources
• I evaluate each company that makes this list to make sure they are solving a cybersecurity problem
• I personally assign the product category for each company (regardless of what their marketing says)
• All funding and acquisition values are in U.S. dollars
• All funding amounts are from the time of collection

Go Deeper

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Cheers,

Mike P