Collibra closes $58m Series D for data governance platform

Data governance and management company Collibra has closed a $58m Series D financing round, led by existing investors ICONIQ Capital and Battery Ventures.

The round, which brings the total funding for Collibra to over $133m, also featured participation from early Collibra investors Dawn Capital, Index Ventures and Newion Investments. The round comes 12 months after the New York-based company closed its Series C round at $50m.

It plans to use the Series D capital to expand staff and scale operations, including advancing product development, supporting and growing the customer base and increasing customer success and adoption, and building strategic partnerships and alliances.

Felix Van de Maele, CEO and co-founder of Collibra, said: “Data governance is evolving from a focus on compliance and regulation to one of engagement and data consumerization, enabling all business users across an organization to leverage the data they need to collaborate, make strategic decisions, and accelerate the move to being a digital business.

“This Series D investment from some of the industry’s most highly respected and successful investment firms is strong validation of the ongoing adoption of data governance as a corporate discipline.”

Organisations across the globe in industries including financial services, retail, healthcare, telco, manufacturing, technology, government, and others use Collibra to enable all data citizens ‘to find, understand, and trust the data’ they need. Companies also rely on Collibra to help them comply with a growing host of critical global regulations, including the General Data Protection Regulation (GDPR), BCBS 239, and CCAR.

Last year, the company released two new versions of the Collibra platform. The Collibra Catalog enables business users to “shop” for and find data, allowing them to spend less time looking for data and more time solving critical business challenges.

Last year, Battery Ventures led a $17.5m Series A funding round for UK HR management and employee benefits platform Hibob. The company’s platform is designed to help businesses to manage and engage with their employees as well as providing them with access to a marketplace of employee benefits such as pensions, healthcare and insurance.

Copyright © 2018 RegTech Analyst

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