Cape raises $61M in Series B funding led by A-Star and a16z to build a secure mobile service that doesn’t use personal data.
Apr 18, 2024•over 1 year ago
Amount Raised
$61 Million
Round Type
series b
WashingtonTelecommunicationsInvestors
Karman VenturesForward Deployed VcPoint72 VenturesCostanoa VenturesEx/AnteXyz VenturesA16zA Star
Description
Cape, a startup based out of Washington, D.C., raised $61 million in funding to build a much more secure mobile service that doesn’t use personal data. The funding includes a seed and Series A of $21 million, raised when it was still in stealth mode, and a Series B of $40 million.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech