Cape Valuation, Funding & Investors

Cape is valued at $900M as of March 2026.

See full Cape profile

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

Cape Overview

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

United StatesWashington, DC

Website

cape.co

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

Cape valuation by funding round
DateStageValuation
Mar 2026Series 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

Cape funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2026Series CBain Capital Ventures (lead); IVP (lead); 137 Ventures; Fifth Down Capital; Definition; 01 Advisors$100M$900M-
Mar 2025Series BPoint72 Ventures; XYZ Venture Capital; Costanoa Ventures; A*$15M--
Apr 2024Series BA* (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 2023Series 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

Investors in Cape by funding rounds participated
InvestorHQRoundsRoleFirst check
Point72 VenturesUnited StatesNew York City, NY2ParticipantApr 2024
XYZ Venture CapitalUnited StatesSan Francisco, CA2ParticipantApr 2024
Costanoa VenturesUnited StatesSan Francisco, CA2ParticipantApr 2024
A*United StatesUnited States2LeadApr 2024
137 VenturesUnited StatesUnited States1ParticipantMar 2026
Ex/AnteUnited StatesNew York City, NY1ParticipantApr 2024
IVPUnited StatesSan Francisco, CA1LeadMar 2026
Forward Deployed Venture CapitalUnited StatesSan Francisco, CA1ParticipantApr 2024
Fifth Down CapitalUnited StatesDover, DE1ParticipantMar 2026
DefinitionUnited StatesNew York City, NY1ParticipantMar 2026
Angel Collective Opportunity FundUnited StatesSan Francisco, CA1ParticipantApr 2024
Andreessen HorowitzUnited StatesSan Francisco, CA1LeadApr 2024
01 AdvisorsUnited StatesSan Francisco, CA1ParticipantMar 2026

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Cape Competitors

Cape competitors include listed companies like NSFOCUS and Rapid7, and private ones like Corelight, SecurityScorecard, Sublime Security and Qingteng Cloud Security.

Public and private companies comparable to Cape
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CorelightUnited StatesSan Francisco, CAPrivate--$900M-
SecurityScorecardUnited StatesNew York City, NYPrivate--$900M-
Sublime SecurityUnited StatesWashington, DCPrivate--$926M-
Qingteng Cloud SecurityChinaBeijingPrivate--$938M-
NSFOCUSChinaChinaPublicly listed$379M$37M$955M2.4x
Rapid7United StatesUnited StatesPublicly listed$860M$63M$836M1.3x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
BeiJing Certificate$125M($12M)6.7x-(70.9x)-
NSFOCUS$379M$37M2.6x2.4x26.1x25.6x
Yubico$226M$19M3.3x3.2x39.7x25.6x
Rapid7$860M$63M1.3x1.3x17.4x6.8x
Riskified$345M($31M)1.8x1.6x(20.3x)19.0x
Asiainfo Security$1.2B($11M)1.2x1.1x(126.2x)339.7x
Mitek Systems$180M$37M4.1x3.7x19.9x11.2x
CANCOM$2B$118M0.4x0.4x6.3x5.7x

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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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