Collibra, a provider of enterprise data governance and catalog software, has closed $58 million in Series D financing. This round was led by existing Collibra investors ICONIQ Capital and Battery Ventures, with participation from early Collibra investors Dawn Capital, Index Ventures, and Newion Investments, bringing the total funding for Collibra to more than $133 million.
Collibra says that this Series D investment will help it accelerate its growth plans. As part of this effort, Collibra plans to expand staff and scale operations, including advancing product development, supporting and growing the customer base and increasing customer success and adoption, and building strategic partnerships and alliances.
“Data governance is evolving from a focus on compliance and regulation to one of engagement and data consumerization, enabling all business users across an organization to leverage the data they need to collaborate, make strategic decisions, and accelerate the move to being a digital business,” said Felix Van de Maele, CEO and co-founder of Collibra. “This Series D investment from some of the industry’s most highly respected and successful investment firms is strong validation of the ongoing adoption of data governance as a corporate discipline. This investment also speaks volumes to our investors’ confidence in the leadership Collibra has established in the data governance space and of our continued rapid growth.”
Additionally, Collibra announced Phil Fernandez, a co-founder of Marketo, has joined its board of directors as an independent director. Fernandez is a veteran Silicon Valley entrepreneur with more than 35 years of experience.