Belgian-founded data governance software company Collibra has announced a new funding round of $50 million. ICONIQ Capital led the round with participation from new and previous investors in Battery Ventures, Dawn Capital, Index Ventures, and Newion Investments.
The company, now based in New York, has raised a total of $75 million to date and will use these new funds to expand its data governance solutions. It has clients in areas like finance, healthcare, retail, education, and government serving 200 organisations in the US, EMEA, and Latin and Central America.
“This Series C funding round from two of the industrys most highly respected and successful investment firms is tremendous validation of the increased adoption of data governance as a corporate discipline,” said Felix Van de Maele, CEO.
Matt Jacobson of ICONIQ will be joining the company’s board. “Collibra was born to address a real problem: how enterprises can meaningfully leverage data to transform their businesses,” he said.
“We have been very impressed with how large, sophisticated customers have spoken about the strength of Collibra and its emerging market leadership.”