Collibra, the Data Intelligence company, is recieving $112.5 million in funding at a post-money valuation of $2.3 billion, to continue growing its suite of products. This brings the company’s total venture funding to $345.5 million.
The funding round was led by existing investors, ICONIQ Capital and Index Ventures, and Durable Capital Partners LP, an investment firm founded in 2019 by former T. Rowe Price portfolio manager Henry Ellenbogen, which participated as a Collibra investor for the first time. Existing investors Battery Ventures, CapitalG and Dawn Capital also participated in the round.
“We are passionate about helping companies better understand, trust, and benefit from their data,” said Felix Van de Maele, co-founder and CEO for Collibra. “Collibra is dedicated to helping organizations drive data collaboration across teams, and by partnering with our new and existing investors we further strengthen our position – and the position of our customers – to unlock the value of enterprise data.”
Collibra’s suite of products helps organizations address a breadth of business challenges, including data privacy and protection, compliance and risk mitigation, operational efficiency and cost reduction.
“We have a high degree of conviction in Collibra and the importance of the company’s mission to help organizations benefit from their data,” said Matt Jacobson, general partner at ICONIQ Capital and Collibra board member. “There is an increasing urgency for enterprises to harness their data for strategic business decisions. Collibra empowers organizations to use their data to make critical business decisions, especially in uncertain business environments.”
For more information about this news, visit www.collibra.com.