Cybersecurity platform developer SafeBreach and home improvement technology provider Block Renovation each raised $50m or over in corporate-led rounds.
Funding
US-headquartered ‘breach and attack’ cybersecurity software provider SafeBreach completed a $53.5m series D round co-led by conglomerate Sonae on Tuesday through its Sonae IM subsidiary. Israel Growth Partners co-led the round, which included DTCP, the investment affiliate of telecommunications firm Deutsche Telekom, as well as enterprise software provider ServiceNow, Sands Capital, Leumi Partners, Sequoia Capital and DNX Ventures. The round took SafeBreach’s total funding to over $106m and followed a $19m series C in April 2020 featuring DTCP, digital payment processor PayPal and enterprise technology provider HPE.
Telecoms and internet group SoftBank’s Vision Fund 2 led a $50m series C round yesterday for Block Renovation, a US-based provider of home renovation digitisation technology. Giant Ventures, New Enterprise Associates (NEA), Morningside and Lerer Hippeau also contributed to the round along with various individuals. Block had secured $4.5m from NEA, Lerer Hippeau and Rainfall Ventures in 2018, $14.5m from unnamed…
