- Companies
- Cape
Last Cape valuation
$900M
Series C · Mar 2026
Last Cape funding round
$100M
Series C · Mar 2026
Cumulative funding Cape raised
$176M
across 4 funding rounds
Key investors in Cape
Costanoa Ventures
Point72 Ventures
XYZ Venture Capital
A*
Andreessen Horowitz
Bain Capital Ventures
About Cape
Cape is a Boston-headquartered developer of privacy-preserving communication protocols for mobile devices. The technology enables anonymous messaging and payments via zero-knowledge proofs integrated with iOS and Android apps. Used by enterprises for secure employee channels, it complies with GDPR. Founded in 2021, Cape focuses on blockchain interoperability without user data exposure.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$900M (Mar 2026)
Cape Valuation
Cape is currently valued at $900M, based on its Series C in March 2026.
The $100M round was led by Bain Capital Ventures and IVP, with participation from 137 Ventures, Fifth Down Capital, Definition and 01 Advisors.
Cape valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2026 | Series C | $900M |
Cape Funding History
Cape has raised a total of $176M across 4 funding rounds.
Cape's first fundraising round was a $21M Series A in June 2023. The most recent completed round was a $100M Series C in March 2026.
Cape funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2026 | Series C | Bain Capital Ventures (lead); IVP (lead); 137 Ventures; Fifth Down Capital; Definition; 01 Advisors | $100M | $900M | - |
| Mar 2025 | Series B | Point72 Ventures; XYZ Venture Capital; Costanoa Ventures; A* | $15M | - | - |
| Apr 2024 | Series B | A* (lead); Andreessen Horowitz (lead); Ex/Ante; Point72 Ventures; XYZ Venture Capital; Forward Deployed Venture Capital; Angel Collective Opportunity Fund; Costanoa Ventures; Karman Ventures | $40M | - | - |
| Jun 2023 | Series A | - | $21M | - | Cape provides privacy-first mobile connectivity for enterprises, government, and consumers, building its own mobile core to address cellular security threats. Cape's Series C funding supports nationwide service availability and infrastructure development to rival traditional carriers. |
Who has invested in Cape?
15 investors have backed Cape across its funding rounds, including Costanoa Ventures, Point72 Ventures, XYZ Venture Capital, A*, Andreessen Horowitz and Bain Capital Ventures.
Lead investors include Bain Capital Ventures, IVP, A* and Andreessen Horowitz.
Cape Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Apr 2024 | ||
| 2 | Participant | Apr 2024 | ||
| 2 | Participant | Apr 2024 | ||
| 2 | Lead | Apr 2024 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Lead | Mar 2026 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Lead | Apr 2024 | ||
| 1 | Participant | Mar 2026 | ||
This data is available for Pro users. Sign up to see all 15 Cape investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialCape Competitors
Cape competitors include listed companies like NSFOCUS and Rapid7, and private ones like Corelight, SecurityScorecard, Sublime Security and Qingteng Cloud Security.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $900M | - | ||
| Private | - | - | $900M | - | ||
| Private | - | - | $926M | - | ||
| Private | - | - | $938M | - | ||
| Publicly listed | $379M | $37M | $955M | 2.4x | ||
| Publicly listed | $860M | $63M | $836M | 1.3x |
Cape Public Comps
Cape is still privately-owned, but its public comps include BeiJing Certificate, NSFOCUS, Yubico, Rapid7, Riskified, Asiainfo Security, Mitek Systems, CANCOM, Feitian Technologies and OneSpan.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $125M | ($12M) | 6.7x | - | (70.9x) | - | |||
| $379M | $37M | 2.6x | 2.4x | 26.1x | 25.6x | |||
| $226M | $19M | 3.3x | 3.2x | 39.7x | 25.6x | |||
| $860M | $63M | 1.3x | 1.3x | 17.4x | 6.8x | |||
| $345M | ($31M) | 1.8x | 1.6x | (20.3x) | 19.0x | |||
| $1.2B | ($11M) | 1.2x | 1.1x | (126.2x) | 339.7x | |||
| $180M | $37M | 4.1x | 3.7x | 19.9x | 11.2x | |||
| $2B | $118M | 0.4x | 0.4x | 6.3x | 5.7x | |||
This data is available for Pro users. Sign up to see all Cape competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Cape
| When was Cape founded? | Cape was founded in 2022. |
| Where is Cape headquartered? | Cape is headquartered in Washington, DC, United States. |
| Is Cape publicly listed? | No, Cape is a private, VC-backed company. |
| What is Cape's valuation? | Cape was last valued at $900M in its Series C in March 2026. |
| How much funding has Cape raised? | Cape has raised $176M across 4 funding rounds. |
| What was Cape's last funding round? | Cape's last funding round was a $100M Series C in March 2026, led by Bain Capital Ventures and IVP. |
| Who are Cape's investors? | Cape's investors include Point72 Ventures, XYZ Venture Capital, Costanoa Ventures, A*, 137 Ventures, Ex/Ante, IVP, Forward Deployed Venture Capital, Fifth Down Capital, Definition and 5 others. |
| Which companies are comparable to Cape? | Companies comparable to Cape include Corelight, SecurityScorecard, Sublime Security, Qingteng Cloud Security, NSFOCUS and Rapid7. |
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