Internet and technology conglomerate Alphabet’s growth equity subsidiary, CapitalG, took part in US-based data governance and catalogue software developer Collibra’s $250m series G round yesterday, valuing it at $5.25bn.
The round was led by Sequoia Capital Global Equities, which was also joined by Dawn Capital, Battery Ventures, Index Ventures, Durable Capital Partners and Iconiq Capital.
Spun out of Vrije Universiteit Brussel in 2008, Collibra provides businesses with tools to organise, access and collaborate on data on business networks in a secure context and in compliance with data regulations. It plans to use the capital to speed up its global expansion, grow its product lines and develop new partnerships.
Iconiq Capital and Index Ventures co-led an April 2020 round for the company sized above $112m that included CapitalG, Durable Capital Partners, Battery Ventures and Dawn Capital at a $2.35bn valuation, putting its total funding at just over $345m.
Collibra had raised $100m in early 2019 in a CapitalG-led series E round that also featured Iconiq Capital, Index Ventures, Dawn Capital and Battery Ventures, all four having joined Newion Investments in the company’s $58m series D round in 2017.
Felix Van de Maele, founder and chief executive of Collibra, said: “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.
“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.”
