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Mimecast Has Received an Investment from Insight Venture Partners

About Mimecast

  • Mimecast is the leading provider of cloud-based email archiving, security and continuity services for enterprise email environments, serving over 6,000 corporations and 1.5 million users worldwide
  • The company’s technology has played an instrumental role in changing the way businesses deploy email, leading the transition from fragmented LAN-based infrastructures to a single-platform, cloud-based solution
  • Founded in the United Kingdom in 2003 by Peter Bauer (CEO) and Neil Murray (CTO), Mimecast has grown rapidly, with over 50% year-on-year growth recorded in six of the past nine years
  • Headquartered in London, Mimecast has approximately 300 employees with offices in Boston, San Francisco and South Africa, and had previously raised capital from Index Ventures, Dawn Capital and angel investors
  • Update: Mimecast (NASDAQ: MIME) completed an IPO in November 2015

About Insight Venture Partners

  • Insight Venture Partners is a leading global private equity and venture capital firm, with over $5 billion under management
  • One of the largest technology-focused private equity and venture capital firms, Insight has invested in more than 150 growth-stage software, eCommerce, internet and data-services companies
  • Insight was founded in 1995 and is headquartered in New York
Email is the most important means of business communication and, better than anyone else, Mimecast delivers a true integrated solution for secure and accessible email. Mimecast has already achieved strong success and with their product superiority, the industry’s move toward cloud solutions, and a very large market opportunity, we believe that Mimecast is poised to achieve high growth and become the global leader in unified email management.

Jeff Lieberman

Managing Director, Insight Venture Partners

Financing Overview

  • The strategic investment in Mimecast by Insight Venture Partners was announced on September 27, 2012 with a value of $62,150,000
  • London-based Mimecast raised a $62.15 million Series C preferred round led by Insight Venture Partners, a leading global private equity and venture capital firm, with participation by Dawn Capital, an existing investor in the company
  • Mimecast plans to use the funding to accelerate the development and deployment of new technology, and to support the company’s plans for rapid expansion in the U.S. market
  • Shea & Company served as the exclusive placement agent for the transaction

Investment Rationale

  • In addition to funding expansion of its existing business within new and existing markets, Mimecast intends to use proceeds from the round to continue to drive innovation in corporate email
  • The company believes email must be rewired if it is to continue to deliver real value to businesses – building on Mimecast’s existing cloud service, the company is working to make email more collaborative and more interactive to derive more value from the vast amount of unstructured data in email stores
Read The Press Release