US-based data governance and catalogue software developer Collibra picked up more than $112m in funding yesterday from investors including CapitalG, a growth-stage investment vehicle for internet and technology conglomerate Alphabet.
Multi-family office Iconiq Capital and venture capital firm Index Ventures co-led the round, which also featured Durable Capital Partners, Battery Ventures and Dawn Capital. It more than doubled Collibra’s valuation to $2.3bn.
Spun out of Vrije Universiteit Brussel in 2008, Collibra has created cloud-based data intelligence software that allows employees to access contextualised data and collaborate on this data with colleagues.
The company’s products facilitate operational efficiency and cost reduction but are also aimed at business challenges such as data protection, compliance and risk mitigation. The round increased its total equity financing to just over $345m.
CapitalG led Collibra’s $100m series E round in January 2019, which included existing investors Iconiq Capital, Index Ventures, Dawn Capital and Battery Ventures, valuing the company at more than $1bn.
Data intelligence provider BI3 Solutions is among Collibra’s earlier backers, as is Brussels municipal government-backed Brustart, which joined BI3 in a $1.8m seed round in 2008, and Newion Investments.
Felix Van de Maele, co-founder and chief executive of Collibra, said: “We are passionate about helping companies better understand, trust and benefit from their data.
“Collibra is dedicated to helping organisations 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.”
