# Expel

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/expel

- Industry: IT Security/Cybersecurity
- Headquarters: US
- Website: www.expel.io
- Total disclosed funding: $285M
- Latest round: Series E (Sep 27, 2022)
- Investors on record: 10

## About

Based in Virginia, US, and founded in 2016 by Dave Merkel, Justin Bajko, and Yanek Korff, Expel, Inc. is a provider of cloud-based software solutions that cater to cybersecurity analytics, monitoring, and management of businesses. In November 2021, Expel, Inc. raised USD 140.3 million in a Series E funding co-led by CapitalG and Paladin Capital Group, with participation from Greycroft Partners, Index Ventures, Scale Venture Partners, Cisco Investments, and March Capital Partners. The series E funding values Expel, Inc. at USD 1 billion post-money and has raised a total of USD 257.8 million in funding. As of November 2021, Dave Merkel is the CEO of Expel, Inc. and employs approximately 280 employees. 

Expel, Inc.’s product line includes Expel Workbench™ for AWS, Expel Managed Detection and Response (MDR), and Expel Managed Phishing. Expel Workbench for AWS allows clients to identify potential security incidents, validate AWS security alerts, and guide them to investigate. Expel Managed Detection and Response (MDR) allows security teams to find, investigate and remove attackers faster as compared to traditional tools. Expel Managed Phishing helps clients by investigating each reported email and responding to their phishing inbox.

Expel, Inc. generates revenue by pricing its platform packages, which include Expel MDR for cloud infrastructure, Expel MDR for on-prem infrastructure, Expel MDR for SaaS apps and Expel managed phishing.

Expel, Inc. plans to use its proceeds from a Series E funding to invest in product research and development, go-to-market initiatives, fuel amplified sales, introduce new capabilities, further mature business operations, accelerate international expansion and expand partner relationships.

## Funding rounds

- Series E, Sep 27, 2022, $30M — Battery Ventures, Index Ventures, Scale Venture Partners, March Capital
- Series E, Sep 30, 2021, $141M — Index Ventures, Paladin Capital Group, Scale Venture Partners, Greycroft, CapitalG, Cisco Investments, March Capital
- Series D, May 13, 2020, $46M — Battery Ventures, Index Ventures, Paladin Capital Group, Scale Venture Partners, Greycroft, CapitalG
- Series C, Jun 19, 2019, $40M — Battery Ventures, Index Ventures, New Enterprise Associates, Paladin Capital Group, Scale Venture Partners, Greycroft
- Series B, Apr 10, 2018, $20M — Battery Ventures, New Enterprise Associates, Paladin Capital Group, Scale Venture Partners, Greycroft, Lightbank
- Series A, Aug 30, 2016, $7.5M — Battery Ventures, New Enterprise Associates, Paladin Capital Group, Greycroft, Lightbank

## Investors

- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series A, Series B, Series C, Series D, Series E
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A, Series B, Series C
- Paladin Capital Group (https://capitalatlas.ai/funds/paladin-capital-group) — Series A, Series B, Series C, Series D, Series E
- Greycroft (https://capitalatlas.ai/funds/greycroft) — Series A, Series B, Series C, Series D, Series E
- Lightbank (https://capitalatlas.ai/funds/lightbank) — Series A, Series B
- Scale Venture Partners (https://capitalatlas.ai/funds/scale-venture-partners) — Series B, Series C, Series D, Series E
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series C, Series D, Series E
- CapitalG (https://capitalatlas.ai/funds/capitalg) — Series D, Series E
- Cisco Investments (https://capitalatlas.ai/funds/cisco-investments) — Series E
- March Capital (https://capitalatlas.ai/funds/march-capital) — Series E