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- Egnyte
Egnyte Acquisition, Valuation, Funding & Investors
Egnyte was acquired by GI Partners for $2.9B in February 2025, a 11.8x multiple on $250M of revenue.
Egnyte acquisition price
$2.9B
Acquired by GI Partners · Feb 2025
Egnyte revenue at acquisition
$250M
Last twelve months · Feb 2025
Egnyte revenue multiple at acquisition
11.8x
EV/Revenue · Feb 2025
Cumulative funding Egnyte raised
$105M
across 2 funding rounds
About Egnyte
Egnyte is a Mountain View-headquartered provider of cloud content security and governance platforms for enterprise collaboration. Serving over 16,000 organizations worldwide, its solution secures data across multicloud environments, detects threats like ransomware and IP theft, and ensures compliance. Backed by investors including GV, Kleiner Perkins, and Goldman Sachs, Egnyte operates in North America, Europe, and Asia Pacific.
Founded
2007
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Revenue
$60M (Oct 2018)
Valuation
$460M (Oct 2018)
Egnyte Acquisition
Egnyte was acquired by GI Partners for $2.9B on 25 February 2025.
The acquisition price implies a 11.8x revenue multiple on $250M of revenue.
Before the acquisition Egnyte had raised $105M across 2 funding rounds.
Egnyte, a Silicon Valley-based provider of secure content collaboration, governance, and next-gen document management solutions with cloud-based content intelligence tools, received a majority strategic growth investment from GI Partners and TA Associates, announced on February 25, 2025. GI Partners, a private investment firm founded in 2001 with over 180 employees across offices in San Francisco, New York, Dallas, Chicago, Greenwich, Scottsdale, and London, has raised more than $45 billion in capital focused on private equity in healthcare, services, and software sectors, real estate in technology and life sciences, and data infrastructure; it served as co-lead investor with an initial investment date of March 2025 and is an existing Egnyte customer. TA Associates, which has raised $65 billion since 1968 and invested in over 560 companies in technology, healthcare, financial services, consumer, and business services, partnered with GI to provide capital for global market expansion, R&D innovation, product development, entry into new vertical industries, and international markets amid rising AI-driven workflows and data regulations. Egnyte's founders including CEO Vineet Jain, management team, and existing investors such as Springcoast, GV, Polaris, and Kleiner Perkins retained significant ownership post-investment, with some VCs and executives rolling over portions of their stakes. The deal, advised by Qatalyst Partners for Egnyte and Ropes & Gray for the investors, valued the company at approximately $1.5 billion, reflecting around 5x-6x its estimated $250 million ARR after consistent 20-25% growth from $200 million ARR in 2023; Egnyte had raised $137 million in VC funding up to 2018 at a $460 million valuation and bootstrapped thereafter via cash flow. This transaction positions Egnyte in a competitive landscape where peers like Nasuni received a $1.2 billion majority investment from Vista Equity, KKR, and TCV, and CTERA raised $80 million from PSG Equity in 2024 for AI opportunities and acquisitions.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 25 Feb 2025 | PE buyout | $2.9B | 11.8x |
Egnyte Valuation
Egnyte is currently valued at $460M, based on its Series E in October 2018.
The $75M round was led by Goldman Sachs Growth Equity.
Egnyte valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Oct 2018 | Series E | $460M | 7.7x |
Egnyte Revenue
Egnyte's latest recorded revenue is $60M, as of its Series E in October 2018. At a $460M valuation, that implies a 7.7x revenue multiple.
Egnyte revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Oct 2018 | $60M | $460M | 7.7x | Series E |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Egnyte Funding History
Egnyte has raised a total of $105M across 2 funding rounds.
Egnyte's first fundraising round was a $30M Series D in December 2013. The most recent completed round was a $75M Series E in October 2018.
Egnyte funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2018 | Series E | Goldman Sachs Growth Equity (lead) | $75M | $460M | Egnyte, a Mountain View-based provider of hybrid cloud content collaboration and governance platforms, secured a $75 million Series E growth funding round on October 10, 2018, led solely by Goldman Sachs Private Capital Investing, bringing total funding to approximately $132.5-$137.5 million across prior rounds including a 2013 raise from investors like GV (Google Ventures), Kleiner Perkins, Floodgate, Northgate Capital, Polaris Partners, and Seagate Technology. The company, founded in 2007, had maintained fiscal discipline with cash flow positivity since Q4 2016 and over eight quarters of positive growth by 2018, focusing on midsize enterprises in a competitive market against players like Box, Dropbox, Microsoft, and Google. Egnyte differentiated itself with a hybrid model supporting both on-premises and cloud content management, serving over 14,000 customers including Nasdaq, Thoma Bravo, AppDynamics, and Red Bull, with 450 employees at the time. The investment marked Egnyte's first capital raise since 2013's $29.5 million Series D, reflecting a deliberate slow-growth strategy prioritizing profitability over rapid scaling. Goldman Sachs' Holger Staude joined the board, citing the team's execution, top-line growth without heavy prior funding, and potential to disrupt $400 billion in legacy IT spend as key attractions. Jain described the round as a significant up-round from 2013 with 6x growth since then, positioning it as the final raise before an eventual IPO path, aiming to accelerate from 30% to 45% compound growth while maintaining capital efficiency. The deal closed late September 2018, enabling international traction and product enhancements in governance and security for regulated industries. |
| Dec 2013 | Series D | Northgate Capital; Kleiner Perkins; GV; Polaris Partners; Lumen; Seagate | $30M | - | Egnyte, a provider of enterprise file-sharing, sync, and storage platforms emphasizing data control and user access, closed a $29.5 million Series D funding round on December 11, 2013, led by new investors Northgate Capital Group, Seagate Technology, and CenturyLink (now Lumen Technologies), with participation from existing investors Google Ventures (GV), Kleiner Perkins Caufield & Byers, and Polaris Partners. This brought total funding to over $65 million. The capital was earmarked for global expansion, including a new 30,000 square-foot US headquarters and a UK office, plus investments in product development, sales, and marketing. At the time of the round, Egnyte reported current revenue in the range of $25 million to $40 million, with revenue doubling year-over-year for the past two years and expectations to more than double revenue by year-end 2013. The company powered file access and sharing for over 40,000 customers worldwide, managing more than 30 petabytes of data across cloud and 20,000 on-premise storage devices. Gross margins stood at 60%, with plans to reach 75%, and it anticipated cash flow break-even by Q4 2014 and GAAP revenue of $95-105 million in 2015. Recent customer wins included Cracker Barrel, Garda, H.D. Smith, Balfour Beatty, Tommy Hilfiger, and Yerba Buena Center for the Arts. Investors highlighted Egnyte's consistent financial performance, customer momentum, and enterprise-ready platform positioning it well in the competitive enterprise file storage market against players like Box, Dropbox, Google, Microsoft, and Amazon. |
Who has invested in Egnyte?
7 investors have backed Egnyte across its funding rounds, including GV, Kleiner Perkins, Polaris Partners, Goldman Sachs Growth Equity, Northgate Capital and Seagate.
Lead investors include Goldman Sachs Growth Equity.
Egnyte Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Dec 2013 | ||
| 1 | Participant | Dec 2013 | ||
| 1 | Participant | Dec 2013 | ||
| 1 | Participant | Dec 2013 | ||
| 1 | Participant | Dec 2013 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialEgnyte Competitors
Egnyte competitors include listed companies like CommVault Systems and AvePoint, and private ones like Devo, SpyCloud, Cyera and Aiven.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2B | - | ||
| Private | - | - | $1.6B | - | ||
| Publicly listed | $1.2B | $84M | $6.2B | 5.0x | ||
| Private | $150M | - | $12B | 80.0x | ||
| Private | $100M | - | $3B | 30.0x | ||
| Publicly listed | $419M | $42M | $2.9B | 5.1x |
Egnyte Public Comps
Egnyte is no longer listed, but its public comps include Cellebrite, AvePoint, NetScout Systems, QiAnXin, Teradata, Dameng Database, Venustech Group, Business-intelligence, A10 Networks and Tenable.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $476M | $79M | 5.4x | 4.8x | 32.3x | 17.3x | |||
| $419M | $42M | 5.9x | 5.1x | 58.4x | 27.4x | |||
| $859M | $163M | 2.6x | 2.6x | 13.9x | 9.5x | |||
| $655M | ($147M) | 4.6x | 4.5x | (20.4x) | (41.4x) | |||
| $1.7B | $285M | 1.4x | 1.5x | 8.4x | 5.3x | |||
| $195M | $84M | 15.3x | 12.5x | 35.5x | 27.6x | |||
| $349M | ($60M) | 6.6x | 6.0x | (38.4x) | (176057.4x) | |||
| $389M | $54M | 6.6x | 5.9x | 47.7x | - | |||
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Common questions about Egnyte
| When was Egnyte founded? | Egnyte was founded in 2007. |
| Where is Egnyte headquartered? | Egnyte is headquartered in San Francisco, CA, United States. |
| Is Egnyte publicly listed? | No, Egnyte was acquired by GI Partners in February 2025. |
| Who acquired Egnyte? | Egnyte was acquired by GI Partners in February 2025. |
| How much was Egnyte acquired for? | Egnyte was acquired for $2.9B in February 2025, a 11.8x revenue multiple. |
| What is Egnyte's valuation? | Egnyte was last valued at $460M in its Series E in October 2018. |
| How much funding has Egnyte raised? | Egnyte has raised $105M across 2 funding rounds. |
| What was Egnyte's last funding round? | Egnyte's last funding round was a $75M Series E in October 2018, led by Goldman Sachs Growth Equity. |
| Who are Egnyte's investors? | Egnyte's investors include Northgate Capital, Kleiner Perkins, GV, Polaris Partners, Lumen, Seagate and Goldman Sachs Growth Equity. |
| What is Egnyte's revenue? | Egnyte's latest recorded revenue is $60M (October 2018). |
| What is Egnyte's revenue multiple? | Egnyte's latest valuation implies a 7.7x revenue multiple ($460M valuation on $60M of revenue). |
| Which companies are comparable to Egnyte? | Companies comparable to Egnyte include Devo, SpyCloud, CommVault Systems, Cyera, Aiven and AvePoint. |
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