Global private equity and venture capital news and research

Sequoia Capital helps Okta raise $75m Series E

10 Jun 2014

oktaIdentity management specialist Okta has raised a $75m Series E round, which brought its fundraising total to $155m.

The round follows Okta’s $27m Series D raised in September last year.

Just like Series D, the latest round was led by Sequoia Capital. Existing backers Andreessen Horowitz, Greylock Partners and Khosla Ventures also participated in the round alongside new investors Janus Capital Group and Altimeter Capital.

Okta was valued at nearly $600m in the latest round, which is a significant increase from the $250m valuation in Series D, according to Forbes.

Last September Okta said that its customer base had doubled over the prior year.

Earlier this month Sequoia invested $15m in Indian gaming company Octro.

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