Collibra brings it home with $ 250 million in new funds at a valuation of $ 5.25 billion – Tech.eu

Brussels data intelligence company Collibra raised $ 250 million in a Series G funding round. The company has built a suite of services that help businesses manage a variety of issues: privacy and data protection, compliance and risk mitigation, operational efficiency and reduction costs. The capital is expected to be used to further develop Collibra’s product offerings as well as to expand existing ecosystem partnerships. To date, the company has raised just under $ 600 million.

Working with more than 500 companies around the world, including seven of the 10 largest pharmaceutical companies, 70% of the largest US banks and a number of the world’s largest retailers, Collibra provides a unique source of truthfulness through a series of unconnected data sources. In doing so, the company provides customers with an easily digestible and understandable presentation of data that can be used to drive smarter business actions and reveal new opportunities.

During this year, Collibra has seen a sharp increase in interest from new verticals including financial services, government, manufacturing and healthcare, and plans to expand further internationally with planned recruitment campaigns for engineering, sales, customer success and product departments. .

“We are seeing an overwhelming demand for our platform, and interest from the investment community further validates our approach to helping our clients generate value from their own data,” commented the CEO. Felix Van de Maele. “We are the only company in the industry to provide a single, fully integrated cloud native platform to enable customers to accelerate their digital transformation journey. “

Collibra’s G series was led by Sequoia Capital Global Equities (SCGE) and sofina, and given the participation of a new investor (no surprise, given the amount raised) Global Tiger Management. Existing investors Battery companies, CapitalG, Capital of dawn, Durable Capital Partners LP, ICONIQ Capital, and Index companies everything followed.