Data governance platform Collibra valued at $5.25bn following $250m Series G
New York-based data governance firm Collibra has secured $250 million in a Series G funding round, bringing the company’s valuation to $5.25 billion.
Collibra CEO Felix Van de Maele
The round, led by Sequoia Capital Global Equities and Sofina, saw participation from new investor Tiger Global Management and existing investors Battery Ventures, CapitalG, Dawn Capital, Durable Capital Partners LP, ICONIQ Capital and Index Ventures.
The company’s valuation has now more than doubled since April 2020, when the firm landed a $112.5 million funding round at a valuation of $2.3 billion.
“We are seeing overwhelming demand for our platform,” says Collibra CEO and founder Felix Van de Maele.
“In spite of all the innovation in data infrastructure and tooling, the level of complexity and fragmentation around data is higher than ever.”
Founded in 2008, Collibra modernises and integrates large enterprises’ disparate data sources into one data intelligence cloud platform in order to improve the way organisations find, understand and use data.
Collibra claims it has witnessed substantial growth across a number of business areas in 2021, including financial services, government, manufacturing and healthcare.
The firm says it will use the new cash to enhance its cloud Software-as-a-Service (SaaS) platform, form new partnerships with platform and solution providers and move into new global territories.
