Industry News

Bankingtech: “Data firm Collibra bags $100m funding”

Congratulations to Renovata client, Collibra, on a successful Series E funding round that values the business at over $1BN.

Collibra’s valuable sweet spot is an approach to data governance that aims to support business rather than contain it. By helping everyone in an organisation to understand, catalog and use data without interrupting their day-to-day activities, the business drives up compliance while improving the value of the information that clients already have.

It’s proving to be a powerful proposition, and Bankingtech reports that the $100M injection comes from CapitalG, Alphabet’s growth equity investment fund; with participation from existing investors Iconiq Capital, Index Ventures, Dawn Capital and Battery Ventures.

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Source: Bankingtech

Originally published: January 29, 2019