Tech Intelligence Bulletin (HG Insights) – Collibra has raised $112.5 million in funding at a post-money valuation of $2.3 billion, bringing 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.
Helping drive data collaboration
“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 commitment to enabling Data Intelligence and helping its 450 customers improve the quality of business decisions driven by data is further bolstered by this funding. 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.
Matt Jacobson, general partner at ICONIQ Capital and Collibra board member, said: “We have a high degree of conviction in Collibra and the importance of the company’s mission to help organizations benefit from their data. 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.”
Jan Hammer, partner at Index Ventures and Collibra board member, said: “We are proud to expand our long-term partnership with the Collibra team. 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.”
Data is critical asset
“Durable Capital Partners invests in innovative companies that have significant potential to shape growing industries and build larger companies,” said 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.”
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