NEW YORK, Jan. 08, 2018 (GLOBE NEWSWIRE) -- Collibra, leader in enterprise data governance and catalog software, today announced it has closed $58 million in Series D financing. This round was led by existing Collibra investors ICONIQ Capital and Battery Ventures, with participation from early Collibra investors Dawn Capital, Index Ventures and Newion Investments, bringing the total funding for Collibra to over $133 million.
This Series D investment will help Collibra accelerate its ambitious growth plans – including a significant number of new hires in 2018 – and fuel its rapid global growth and industry leadership as a premier provider of data governance and catalog solutions. Collibra will use this investment 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.
Additionally, Collibra today announced Phil Fernandez has joined its board of directors as an independent director. Fernandez is a veteran Silicon Valley entrepreneur with more than 35 years of experience building and leading breakout technology companies. He recently retired from Marketo, where he served as Chairman and CEO since co-founding the company in 2006. Fernandez is an active writer and speaker on topics related to digital marketing, big data and analytics, subscription business models, and entrepreneurial innovation, and is the author of Revenue Disruption.
Premier organizations across the globe in industries including financial services, retail, healthcare, telco, manufacturing, technology, government, and others use Collibra to enable all data citizens – anyone in an organization who uses data to make business decisions or do their jobs – to find, understand, and trust the data they need to be truly data-driven enterprises. 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.
Collibra continued its rapid growth during the past year, including well over 100% annual recurring revenue growth, opening a new, significantly larger co-headquarters location in Brussels, and adding nearly 50 personnel globally. In 2017, Collibra released two new versions of the Collibra platform, delivering the industry's most sophisticated yet easy-to-use data governance and catalog functionality. Collibra Catalog takes an advanced “consumerized” approach to data governance that enables business users to “shop” for and find data in much the same way as they shop for products on sites like Amazon. This allows them to spend less time looking for data and more time solving critical business challenges.
In May 2018, Collibra will host its third annual Data Citizens Conference, the industry’s largest gathering focused exclusively on data governance. The event is scheduled for May 1-2 in Jersey City, NJ.
ICONIQ Capital is a global multi-family office and merchant bank for a group of influential families.
Battery strives to invest in cutting-edge, category-defining businesses in markets including software and services, Web infrastructure, consumer Internet, mobile and industrial technologies. Founded in 1983, the firm backs companies at stages ranging from seed to private equity and invests globally from offices in Boston, the San Francisco Bay Area, Israel, and London. Follow the firm on Twitter @BatteryVentures, visit our website at www.battery.com and find a full list of Battery's portfolio companies here.