Symphony, the Palo Alto based secure messaging platform, raised a $100m Venture round from a list of investors that includes Google, Lakestar, Natixis, Societe Generale, UBS and Merus Capital.
The company actually went looking for $50 million, but the demand was so great, it ended up doubling its original request, Symphony CEO David Gurle told TechCrunch. While the stock market has been erratic recently, and hasn’t always been kind to cloud services, investors apparently liked what they saw with Symphony. “The market is volatile, and people are cautious right now, but in spite of those conditions, investors allowed us to get more money than we wanted,” he said. “It’s a testament to what we are doing,” he added. Gurle suggested that this could be the last time Symphony has to dip into the capital markets for investment, which is fairly unusual for a company just two rounds into its investment lifecycle and just over a year old.