secondfront.comEnterprise Software / CybersecurityFounded: 2014Funding to Date: $150.26MM
Second Front Systems is a defense technology company which offers a secure cloud-based platform to defense agencies and contractors. This company was founded by Peter Dixon, Mark Butler, Nate Hughes, and Patrick Ryan in 2014 and is headquartered in Wilmington, DE. Second Front’s platform, Game Warden, is designed to accelerate the deployment of software and AI tools to the U.S. Department of Defense. The company seeks to bridge the gap between Silicon Valley innovation and national security, with the goal of enabling rapid adoption of advanced technologies in defense environments.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
09/12/2024 | Series C | $70MM | $xx.xx | $752.41MM | Salesforce Ventures, Battery Ventures, NEA, Moore Strategic Ventures, ARTIS Ventures | |
Price per Share
$xx.xx
Shares Outstanding
2,020,570
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Salesforce Ventures, Battery Ventures, NEA, Moore Strategic Ventures, ARTIS Ventures
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11/28/2023 | Series B | $40MM | $xx.xx | $282.82MM | NEA, Moore Strategic Ventures, AEI HorizonX | |
Price per Share
$xx.xx
Shares Outstanding
2,758,004
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
NEA, Moore Strategic Ventures, AEI HorizonX
|
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12/07/2022 | Series A-1 | $9.91MM | $xx.xx | $99.32MM | Moore Strategic Ventures, AEI HorizonX, ARTIS Ventures, 8VC, Gula Tech Adventures, Abstract Ventures, Pallas Ventures, Gaingels, Kleiner Perkins | |
Price per Share
$xx.xx
Shares Outstanding
1,931,202
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Moore Strategic Ventures, AEI HorizonX, ARTIS Ventures, 8VC, Gula Tech Adventures, Abstract Ventures, Pallas Ventures, Gaingels, Kleiner Perkins
|
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12/07/2022 | Series A | $22.13MM | $xx.xx | $99.32MM | Moore Strategic Ventures, AEI HorizonX, ARTIS Ventures, 8VC, Gula Tech Adventures, Abstract Ventures, Pallas Ventures, Gaingels, Kleiner Perkins | |
Price per Share
$xx.xx
Shares Outstanding
3,452,180
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Moore Strategic Ventures, AEI HorizonX, ARTIS Ventures, 8VC, Gula Tech Adventures, Abstract Ventures, Pallas Ventures, Gaingels, Kleiner Perkins
|
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01/28/2021 | Series Seed-2 | $2.13MM | $xx.xx | $39.88MM | Pallas Ventures, ARTIS Ventures | |
Price per Share
$xx.xx
Shares Outstanding
420,343
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Pallas Ventures, ARTIS Ventures
|
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07/07/2020 | Series Seed-1 | $75,045 | $xx.xx | $33.93MM | ARTIS Ventures, 8VC, Gula Tech Adventures | |
Price per Share
$xx.xx
Shares Outstanding
218,982
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
ARTIS Ventures, 8VC, Gula Tech Adventures
|
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07/07/2020 | Series Seed | $6.02MM | $xx.xx | $33.93MM | ARTIS Ventures, 8VC, Gula Tech Adventures | |
Price per Share
$xx.xx
Shares Outstanding
1,724,483
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
ARTIS Ventures, 8VC, Gula Tech Adventures
|