Participated · Equity · Jun 2025

Octaura operates an electronic trading platform focused on syndicated loans with plans to launch a dedicated CLO trading platform and build deeper data and analytics for market participants. The company says the new capital will support rapid growth, expand market share in the loan market, and accelerate product development. Octaura’s syndicated loan platform has gained traction with both buy-side and dealer institutions over the past two years. Between April 2023 and April 2025 it grew its dealer network from 3 to 25 and expanded buy-side participation from 34 to 146 firms. In Q1 2024 the platform reached 1% of secondary loan trading volume and one year later captured 4.6% of total market volume. The company will use the funding to facilitate its CLO trading platform launch and develop critical analytics to provide deeper insights for market participants.

Led · Equity · Sep 2021

BitSight assesses the likelihood that an organization will be breached and sells cybersecurity ratings and risk-assessment data. Its core product provides security ratings used by government agencies, insurers, asset managers and other customers to benchmark cyber risk. The company plans to use the $250 million investment from Moody’s to build a cybersecurity risk platform and expand integration of its data across risk products. BitSight also acquired VisibleRisk to add cyber risk quantification capabilities and will create a risk solutions division led by VisibleRisk co-founder Derek Vadala. The investment values BitSight at $2.4 billion and makes Moody’s the largest shareholder; BitSight had previously raised $155 million in outside funding, including a $60 million Series D led by Warburg Pincus. Founded in 2011, BitSight has just shy of 500 employees and more than 2,300 global customers. BitSight provides continuous external security ratings that quantify an organization’s cybersecurity posture on a 250–900 scale. Its platform tracks the changing risk posture of roughly 1,200 organizations and maps about 100,000 third-party services and operations in its risk ecosystem. Customers include seven of the top 10 cyber insurers, 20% of Fortune 500 companies, and three of the top five investment banks; insurers use the ratings for underwriting and monitoring, and companies use them for vendor due diligence and M&A. BitSight plans to use the new funding to expand its risk-management solutions, particularly analytics, and to drive business development. The company says its approach is similar to credit ratings, combining external data, user behavior and public disclosures to generate scores that help prioritize remediation. Competition includes Security Scorecard, RiskRecon and FICO. Following this round, BitSight has raised a total of $155 million and is valued at around $600 million based on the CEO's remark comparing to its Series A. BitSight is a Cambridge, Mass.-based provider of a security ratings platform that generates objective, outside-in ratings on companies' security performance. Led by CEO Shaun McConnon, the platform applies algorithms to evidence of security outcomes from networks around the world to produce daily ratings from 250 to 900, where higher ratings indicate lower risk. BitSight provides Security Ratings to more than 450 companies, including Lowe's, Ferrari, Hess, Mondelez and The Hartford. The company closed a $40M Series C financing to support its growth plans. BitSight intends to use the funds to accelerate global expansion and product innovation. GGV Capital led the round and will have Glenn Solomon join BitSight's board of directors. BitSight Technologies provides a security rating platform that continuously analyzes vast amounts of external data on security behaviors to allow organizations to manage third-party risk, benchmark performance, and assess cyber insurance premiums. Observed security events and configurations, such as communication with a botnet, malware distribution, and email server configuration, are assessed for severity, frequency and duration and used to generate objective Security Ratings. BitSight's ratings are used by global enterprises to continuously monitor vendor risk, report security performance to boards, and support underwriting decisions for cyber insurance. The company is led by CEO Shaun McConnon. BitSight closed a $23M Series B, bringing total funding to $49M to date. The company intends to use the funds to extend sales and marketing into Europe and APAC, expand engineering and data science teams to accelerate new data analytics products, and to fund potential acquisitions of key data source partners. BitSight Technologies is a Cambridge, MA–based provider of big-data analytics for risk management that collects and analyzes vast amounts of data on security behaviors, processes and technology to identify and quantify security risk. The platform supplies organizations with information needed to address security concerns. Founded in 2011 and led by CEO Shaun McConnon, BitSight plans to use newly raised capital to expand product development, hire sales and marketing personnel, and launch its first product. The company closed a $24M Series A financing to fund these initiatives. In conjunction with the financing, Globespan Capital Partners’ Dave Fachetti and Menlo Ventures’ Venky Ganesan joined Flybridge Capital Partners’ David Aronoff, CEO Shaun McConnon and co‑founders Stephen Boyer and Nagarjuna Venna on the board. BitSight intends to leverage the investment to accelerate its go‑to‑market efforts and bring its initial offering to market.

Led · Series A · May 2021

VisibleRisk is a joint venture launched in 2019 by Moody's and Team8 that builds cyber-risk ratings and real-time monitoring products. The company today launched a Cyber Rating product that quantifies a company’s cyber risk in economic terms and enables benchmarking against peers. The Cyber Rating combines economic, cybersecurity, and industry data and uses a validated set of internal and external factors affecting a firm’s security posture. VisibleRisk provides real-time monitoring, custom reporting, expert analysis, and full transparency into its methodology and data sources. The business was co-founded by Derek Vadala and Yigael Berger, with Derek Vadala serving as CEO. Moody's and Team8 completed a $25 million investment in VisibleRisk as it launched the Cyber Rating, and Moody's said the investment will be funded with cash on hand and is not expected to have a material impact on 2021 financial results.

Participated · Series C · Oct 2017

SecurityScorecard offers a platform that assigns A–F letter grades to companies’ security postures across multiple dimensions, giving organizations a standardized way to assess vendor risk. The company reports ratings on more than 2 million companies worldwide and says it can rate a new company in about five minutes. Every company can view its own scorecard for free and receives guidance on how to improve its score. SecurityScorecard has 17,000 customers globally, including seven of the top ten pharmaceutical companies. Founded in 2014, the firm positions its scoring system as a metric set that previously did not exist for CISOs and security teams. Leadership cites the SolarWinds breach as an example where SecurityScorecard’s ratings reflected risks before the incident. SecurityScorecard provides a platform that generates security ratings and granular risk data across a broad range of categories (including Web, Application Security, Patching Cadence, Network Security, Hacker Chatter, Social Engineering, Leaked Credentials, DNS Health, Endpoint Security, IP Reputation and Cubit Score). Its ratings are used across 175 countries for cybersecurity insurance underwriting, M&A due diligence, reputation management and vendor risk management. The company completed a $50M Series D in 2019, bringing total funding to $110M. The round was led by Riverwood Capital with participation from existing investors such as Evolution Equity, Intel Capital, Two Sigma, AXA Ventures and Accomplice. SecurityScorecard intends to use the funds to expand its product suite and platform, further corporate growth, and accelerate global expansion. The company was founded in late 2013 and is based in New York City. SecurityScorecard offers a platform that provides CISOs, security practitioners, risk management professionals, and boards an outside-in view of the security posture of their IT infrastructure and third- and fourth-party vendors. The platform continuously monitors the security posture of more than 200,000 enterprises and government agencies worldwide and evaluates them on hundreds of indicators of compromise. It assigns an A-to-F rating and delivers actionable intelligence to help security teams remediate vulnerabilities. The company intends to use proceeds from the Series C to bring new solutions to market. SecurityScorecard was founded in late 2013 by Dr. Aleksandr Yampolskiy and Sam Kassoumeh and is headquartered in New York City. The company raised $27.5M in Series C financing to support those plans. SecurityScorecard provides a platform that unobtrusively scans external signals from company networks and assigns A-to-F cybersecurity grades used to evaluate vendors and internal security. The company currently tracks and grades 100,000 companies. Management says the product is intended as a technology-driven alternative to vendor questionnaires for assessing vendor risk. The founders plan to use new funding to expand the company's reach overseas and add talent. CEO Dr. Aleksandr Yampolskiy co-founded the company in 2013 after leaving a security role at Gilt Groupe. Headcount has grown from roughly 15–20 employees to over 85 since the prior financing. Security Scorecard offers a platform that helps businesses predict and remediate potential security risks and to collaborate on security issues with partners and vendors. Founded in 2013 by CEO Dr. Aleksandr Yampolskiy and COO Sam Kassoumeh, the company targets enterprise customers. Its client base includes Fortune 500 leaders in financial services, retail, healthcare and manufacturing, including Trinet, Gilt Groupe, Deerfield Management, Shutterstock, and Harry’s. In March 2015 Security Scorecard raised $12.5M in a Series A financing. The round was led by Sequoia Capital with participation from existing backers Boldstart and Evolution Equity Partners. Sequoia partner Michael Goguen joined Security Scorecard’s board as part of the deal.

Led · Equity · Nov 2016

Finagraph builds a platform that automates the collection and transfer of financial and credit information by integrating directly with popular accounting software, replacing manual back-and-forth with instant data exchange. Its solutions provide insight into a business’s financial performance and assess credit risk for lenders and other users. The company says its technology helps power Moody’s Analytics’ MARQ portal, enabling faster, better-informed lending decisions. Finagraph reported a rapidly growing roster of clients, key executive appointments, and expansion into a new company headquarters during the past year. Founded in 2011 and based in Seattle, the company plans to use recent financing to accelerate product development and expand its market reach in North America. CEO James Walter highlighted the platform’s ability to streamline data collection and transfer.