Published on: October 27, 2021
Peer company valuation read-across
We note that one of Kape’s peers, a US-based cyber security player named Aura, has raised a significant sum ($200m) from a group of well-known investors, at a valuation that appears to be c.10-11x revenue. We continue to believe that Kape is well-positioned within the sector, and look forward to further news as the group integrates the ExpressVPN acquisition.