Brussels-based data intelligence company Collibra has raised a sizeable $250 million in a Series G funding round. The company has built a suite of services that help enterprise companies manage a variety of issues: data privacy and protection, compliance and risk mitigation, operational efficiency, and cost reduction. The capital is slated to be used to further develop Collibra's product offerings as well as expand existing ecosystem partnerships. To date, the company has raised just shy of $600 million.
Working with over 500 enterprises around the globe, including seven of the 10 largest pharmaceuticals, 70% of the largest US banks, and a number of the world’s largest retailers, Collibra provides a single source of truthiness across a series of non-connected data sources. In doing so, the company provides customers with an easily digestible and understandable presentation of data that can be used to drive smarter business actions and reveal new opportunities.
Over the course of this year, Collibra saw a sharp uptick in interest from new verticals including financial services, government, manufacturing, and healthcare, and plans to further expand internationally with recruitment campaigns planned for the engineering, sales, customer success, and product departments.
“We are seeing overwhelming demand for our platform, and the interest from the investor community further validates our approach to helping our customers drive value from their own data,” commented CEO Felix Van de Maele. “We are the only company in the industry that provides a single, fully integrated cloud-native platform to enable customers to accelerate their digital transformation journey.”
Collibra’s Series G round was led by Sequoia Capital Global Equities (SCGE) and Sofina, and saw participation from new investor (no surprise, given the amount raised) Tiger Global Management. Existing investors Battery Ventures, CapitalG, Dawn Capital, Durable Capital Partners LP, ICONIQ Capital, and Index Ventures all followed on.