# Digital Shadows funding: rounds and investors > Digital Shadows has raised $44M across 5 rounds since 2012. Investors include Passion Capital, National Australia Bank and Octopus Ventures. Source: https://millionrounds.com/company/digital-shadows (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Series C startup](https://millionrounds.com/companies) # Who invested in *Digital Shadows* 5 rounds we have observed, with the 6 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Cybersecurity Funding summary Updated 26 Oct 2026 **$44M** raised across 5 rounds since 2012, from 5 sources **$8.0M** Series A **$26M** Series C **$10M** Series C - **Latest round:** Series C, $10M Jul 2019 - **Led by:** National Australia Bank - **Biggest round:** $26M Series C · Sept 2017 - **Investors:** 6 (1 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2013 2014 2015 2016 2017 2018 2019 **?** Seed **?** Seed **$8.0M** Series A **$26M** Series C **$10M** Series C - **First round:** Seed - **Biggest round:** $26M - **Usual gap between rounds:** 22 months ## The rounds - **Jul 2019** Series C **$10M** *2 new* [National Australia Bank](https://millionrounds.com/fund/national-australia-bank) Lead [Octopus Ventures](https://millionrounds.com/fund/octopus-ventures) Reported by VentureBeat SEC filing: $10M sold, first sale Jun 2019 - **Sept 2017** Series C **$26M** *1 new* Octopus Ventures/ World Innovation Lab Reported by FinSMEs SEC filing: $23M sold, first sale Sept 2017 - **Feb 2015** Series A **$8.0M** *2 new* *1 returning* [Storm Ventures](https://millionrounds.com/fund/storm-ventures) [Passion Capital](https://millionrounds.com/fund/passion-capital) [Ten Eleven Ventures](https://millionrounds.com/fund/ten-eleven-ventures) From a historical funding record SEC filing: $4.0M sold, first sale Feb 2015 - **Sept 2013** Seed **Amount undisclosed** *1 new* [Passion Capital](https://millionrounds.com/fund/passion-capital) From a historical funding record - **Dec 2012** Seed **Amount undisclosed** No investor was named in the report. From a historical funding record ## Funding filed with regulators Digital Shadows filed 19 raises, $11M in all. Filings say how much was sold and to how many investors; they never name the investors. - Jan 2023 **$399K** UK share allotment - Nov 2022 **$545K** UK share allotment - Oct 2022 **$398K** UK share allotment - Sept 2022 **$249K** UK share allotment - Jul 2022 **$1.0M** UK share allotment - Apr 2022 **$250K** UK share allotment - Dec 2021 **$2.0M** UK share allotment - Oct 2021 **$802K** UK share allotment - Oct 2021 **$250K** UK share allotment - Sept 2021 **$250K** UK share allotment - Aug 2021 **$803K** UK share allotment - Jun 2021 **$601K** UK share allotment - Jun 2021 **$200K** UK share allotment - May 2021 **$501K** UK share allotment - Apr 2021 **$501K** UK share allotment - Mar 2021 **$746K** UK share allotment - Nov 2020 **$400K** UK share allotment - Oct 2020 **$260K** UK share allotment - Oct 2020 **$399K** UK share allotment ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Seed** 2012 **Seed** 2013 **Series A** 2015 **Series C** 2017 **Series C** 2019 [Passion Capital](https://millionrounds.com/fund/passion-capital) [National Australia Bank](https://millionrounds.com/fund/national-australia-bank) L [Octopus Ventures](https://millionrounds.com/fund/octopus-ventures) [Storm Ventures](https://millionrounds.com/fund/storm-ventures) [Ten Eleven Ventures](https://millionrounds.com/fund/ten-eleven-ventures) Octopus Ventures/ World Innovation Lab ## Everyone who backed them [Passion Capital](https://millionrounds.com/fund/passion-capital) VC firm **2** rounds [National Australia Bank](https://millionrounds.com/fund/national-australia-bank) Investment firm **1** round, led 1 [Octopus Ventures](https://millionrounds.com/fund/octopus-ventures) VC firm **1** round [Storm Ventures](https://millionrounds.com/fund/storm-ventures) VC firm **1** round [Ten Eleven Ventures](https://millionrounds.com/fund/ten-eleven-ventures) VC firm **1** round Octopus Ventures/ World Innovation Lab no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=digital-shadows). ## Quick answers about Digital Shadows ### Who invested in Digital Shadows? Digital Shadows's investors include Passion Capital, National Australia Bank, Octopus Ventures, Storm Ventures and Ten Eleven Ventures, and 1 more on record. National Australia Bank led its latest round. ### How much has Digital Shadows raised? Digital Shadows has raised $44M across 5 rounds since 2012. 2 rounds did not disclose an amount, so the total is a floor. ### When did Digital Shadows last raise? Digital Shadows's most recent round was a Series C of $10M in Jul 2019, led by National Australia Bank. ### What was Digital Shadows's biggest round? Digital Shadows's largest round on record is $26M (Series C), in Sept 2017. ### Who backed Digital Shadows first? Digital Shadows's first round on record, in Sept 2013, was backed by Passion Capital. ### What stage is Digital Shadows at? Digital Shadows's latest named round is a Series C, in Jul 2019. ### Where is Digital Shadows based? Digital Shadows is based in the United Kingdom. ### Who led Digital Shadows's rounds? National Australia Bank led the Series C in 2019. ## Companies like Digital Shadows In the same sector, and raised in the last eighteen months. [**Blackwall** $162M · Oct 2026](https://millionrounds.com/company/blackwall)[**SafeToNet** $23M · Sept 2026](https://millionrounds.com/company/safetonet)[**OneClickComply** $2.1M · Sept 2026](https://millionrounds.com/company/oneclickcomply)[**Outerlimit** $16M · Sept 2026](https://millionrounds.com/company/outerlimit)[**SCI Semiconductor** $13M · Sept 2026](https://millionrounds.com/company/sci-semiconductor)[**Iothic** $4.7M · Sept 2026](https://millionrounds.com/company/iothic) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app