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Ping Identity Has Received an Investment from W Capital, DFJ Growth

About Ping Identity

  • Ping Identity is a leading provider of next-generation Identity & Access Management (IAM) solutions focused on cloud, mobility and APIs for enterprise customers, serving over 1,000 organizations, including half of the Fortune 100 and over 300 SaaS vendors
  • The Company’s solutions redefine how companies scale the management of access and identity to the internet and cloud, and has emerged as the cornerstone of security, convenience and control
  • Founded in 2002 by Andre Durand and headquartered in Denver, Ping Identity has over 300 employees with offices in Boston, Japan, London, Salt Lake City, San Francisco and Vancouver

About W Capital Partners

  • W Capital Partners is a global private equity and venture capital firm with over $1 billion under management
  • One of the largest secondary-focused private equity and venture capital firms, W Capital has invested in more than 100 investments across a variety of sectors
  • W Capital Partners was founded in 2001 and is headquartered in New York

About DFJ Growth

  • DFJ Growth is the growth equity investing practice of Draper Fisher Jurvetson, a leading global venture capital firm, with over $7 billion under management
  • One of the largest technology-focused growth equity and venture capital firms, DFJ has invested in more than 400 companies across the globe
  • DFJ was founded in 1985 and is headquartered in Menlo Park
Ping Identity’s vision for an identity-centric future has positioned it as a leader in the identity security space for a decade. The technological superiority of the Company’s product suite is validated by its rapidly growing customer base and extraordinary retention rates in solving the most difficult identity management challenges for some of the largest corporations worldwide.

Blake Heston

Principal, W Capital Partners

Financing Overview

  • Denver-based Ping Identity raised a $44 million Series F financing round led by W Capital Partners and DFJ Growth, with participation from existing investors including General Catalyst Partners, Draper Fisher Jurvetson, Volition Capital, Triangle Peak Partners, SAP Ventures and Appian Ventures
  • Ping Identity intends to use the investment to fund continued product development and innovation, in addition to the expansion of its existing business within international markets
  • Shea & Company served as the exclusive placement agent for the transaction

Investment Rationale

  • The Company intends to use the funding to continue to innovate in the IAM space, and to expand its existing business within new and existing markets
Read The Press Release