Collibra Announces $112.5 Million Funding Round, $2.3 Billion Valuation
Collibra, a data governance company headquartered in New York City and Brussels, has announced completion of a $112.5 million funding round. The additional funding leaves Collibra with a $2.3 billion valuation. The round was led by ICONIQ Capital, Index Ventures, and Durable Capital Partners LP. Collibra’s venture funding now totals $345.5 million.
Collibra, which cites 450 customers, has released a number of new products in the last year, including Collibra Lineage (an automated data lifecycle mapping tool) and Collibra Privacy & Risk (an enterprise data privacy compliance tool). Late last year, Collibra also opened a new office in Atlanta, aiming to hire more than 200 employees for the office across three years.
“We are passionate about helping companies better understand, trust and benefit from their data,” said Felix Van de Maele, Collibra’s co-founder and CEO. “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.”
This new funding round is Collibra’s first since January 2019, when it raised $100 million in a round led by CapitalG, Alphabet’s growth equity investment fund. ICONIQ Capital and Index Ventures also participated in that round, along with Dawn Capital and Battery Ventures.
“We are proud to expand our long-term partnership with the Collibra team,” said Jan Hammer, partner at Index Ventures and a board member at Collibra. “Collibra has created an operating system for data that transforms how companies make decisions, giving users access to the data they need, and most importantly, data they can trust to make critical business decisions.”
Collibra recently celebrated several accolades, including induction into the JPMorgan Chase Hall of Innovation and a fourth consecutive year as a leader in Gartner Magic Quadrant for Metadata Management Solutions. Just this month, they also announced deals with the U.S. Department of the Army and the Office of the Secretary of Defense, adding to their existing relationships with government agencies like the Food and Drug Administration and the Centers for Disease Control and Prevention.
“Durable Capital Partners invests in innovative companies that have significant potential to shape growing industries and build larger companies,” said Henry Ellenbogen, founder and chief investment officer for Durable Capital Partners LP. “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.”