Sotero (2024)

Sotero (2024)

Closed: Dec. 2024

About this raise

Sotero, with a valuation of $28 million, is raising funds on OurCrowd through Reg D 506(c) raise. The company provides data security services and enables customers to use and share their data in an encrypted state. The platform gives companies control over the privacy, compliance, auditability, and governance of their data and ensures sensitive data is always protected. The Sotero Data Security Platform secures not only the application or database where the data resides but also the actual data. Purandar Das and Shanthi Boppana founded Sotero in 2017. The current crowdfunding campaign has a minimum target of $11,200 and a maximum target of $90,000. The campaign proceeds will be used for growth and expansion.

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Investment Overview

Invested this round: $92,140

Deal Terms

Platform
OurCrowd
Start Date
09/29/2024
Close Date
12/12/2024
Min. Goal
$11,200
Max Goal
$90,000
Min. Investment

$11,200

Security Type

Convertible Note

Company Stage

Early Stage

SEC Filing Type

RegD 506(c)

Valuation Cap

$28,000,000

Discount

0%

Company & Team

Company

Year Founded
2017
Industry
Security, Cybersecurity, & Defense
Tech Sector
EnterpriseTech
Location
Burlington, Massachusetts
Company Website
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Team

Funding data not publicly available

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/12/2024 OurCrowd $28,000,000 $92,140 Convertible Note Funded RegD 506(c)
06/07/2022 OurCrowd $20,000,000 $1,606,040 Equity - Common Funded RegD 506(c)
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

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Sotero on OurCrowd 2024
Platform: OurCrowd
Security Type: Convertible Note
Valuation: $28,000,000

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Follow Sotero on OurCrowd 2024

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Warning: according to the close date for this deal, Sotero may no longer be accepting investments.

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