Home security firm SimpliSafe said to have enterprise value of about $2.5 billion

Home security firm SimpliSafe said to have enterprise value of about $2.5 billion

Home security firm SimpliSafe has seen its enterprise value climb to approximately $2.5 billion following its latest funding round, which closed on May 8, 2022 [1]. The Series E round, led by HPS Investment Partners, Owl Rock Capital, and Eastern Bank, raised $200 million, making it the largest funding round to date for the company.

SimpliSafe has raised a total of $387 million over four funding rounds, including one early-stage, two late-stage, and one debt round. The company's largest funding round was the Series E round, which was part of a broader strategy to expand its market reach and enhance its product offerings.

The latest funding round was led by HPS Investment Partners, which is based in New York City. Owl Rock Capital, also based in New York City, participated in the round. Sequoia Capital, based in Menlo Park, made its first investment in SimpliSafe in 2014 during the Series A round.

SimpliSafe's total valuation of $2.5 billion reflects the growing demand for home security solutions and the company's ability to attract significant investment. The enterprise value is calculated by adding the company's market capitalization to its net debt. As of the latest funding round, SimpliSafe has a market capitalization of approximately $1.5 billion and a net debt of around $500 million.

The company's strong financial performance and strategic investments have positioned it as a leader in the home security market. SimpliSafe's focus on innovation and customer satisfaction has driven its growth and attracted a diverse range of institutional investors.

References:
[1] https://tracxn.com/d/companies/simplisafe/__cJrlElCcYHoQMF_V2oelUWvR6a8NOWgqa2p_NUgPRA4/funding-and-investors