Data governance company Collibra nears €40m fundraising close

Data governance and management startup Collibra is reportedly set to close a €40m (£35m) in a round led by ICONIQ Ventures.

The round, which is expected to close shortly, places the company’s valuation at €325m (£289m) according to a report by Sky News, citing insiders. Iconiq had agreed to back Collibra’s latest fundraising after the company had also received investment proposals from KKR and Insight Venture Partners according to sources.

A spokesperson for Collibra declined to comment on the news.

The fundraising round comes a year after the company nabbed $50m in a Series C round, also led by ICONIQ Capital. The firm acts as both as an investment fund and family office for the likes of Mark Zuckerberg, Sheryl Sandberg, Reid Hofmann and Jack Dorsey. Other investors in the Series C included Battery Ventures and previous investors Dawn Capital, Index Ventures, and Newion Investments.

“Data’s day has come. And with that, organizations have recognized that data can only be leveraged as a strategic resource to the extent it can be accessed and, most important, trusted,” Felix Van de Maele, co-founder and chief executive of Collibra, said when it announced the Series C round.

“Collibra is the industry’s most advanced purpose-built data governance platform and our intent is to continue capturing mind and market share in our field.”

Originally founded in Belgium but now based out of New York, Collibra is a cross-organisational data governance platform and claims to enable all data citizens ‘to trust the data’.

Its solutions help customers comply with BCBS 239c, address CCAR MRAs, ensure compliance with GDPR, prove that an organisation’s data is protected and secure fix bad data and make analytics work, among others.

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