Brussels-based Collibra has closed a $112.5 million round in funding, doubling the company’s unicorn valuation from last year to land at $2.36 billion. The round was led by existing investors, ICONIQ Capital and Index Ventures, as well as Durable Capital Partners, which invested for the first time. Battery Ventures, CapitalG and Dawn Capital also participated in the round.
Founded in 2008, Collibra 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.
According to co-founder and CEO Felix Van de Maele, the company wants to help its 450 customers “understand, trust, and benefit from” their data, driving better business decisions.
Henry Ellenbogen, founder and chief investment officer for Durable Capital Partners, commented on his choice to join the round: “We believe Collibra is a leader in the data intelligence category, a space that could have a tremendous impact on global business operations and a space that we expect will continue to grow as data becomes an increasingly critical asset.”
The Belgian company has raised $345.5 million to date. The most recent round took place in January 2019, a $100 million from CapitalG, Google’s growth investment arm. Last summer Collibra acquired SQLdep, a Czech SaaS startup that automated data lineage.