Brussels-based data governance platform Collibra becomes a unicorn after raising €87.5 million from Alphabet

Collibra

Brussels-based Collibra provides data governance solutions, allowing businesses to evaluate the quality of their data, manage metadata, keep track of certifications, and comply with data regulation like GDPR. Today, the startup has announced a mega-round of €87.5 million in Series E funding, bringing its total VC funding to over €200 million and its valuation to more than $1 billion – making it Europe’s newest unicorn.

The round was led by CapitalG, Google’s growth equity investment fund, with participation from existing investors including ICONIQ Capital, Index Ventures, Dawn Capital, and Battery Ventures.

The funding comes on the heels of a record revenue year for Collibra, which saw an 80% increase in annual recurring revenue, along with rapid expansion across the globe. The new investment will be used to fund the expansion of the startup’s product portfolio and to accelerate growth across the business. Collibra also plans to extend its AI and machine learning capabilities both within its cloud-native platform and in its support of data science teams for new advanced analytics initiatives.

“Collibra is putting organizations back in control of their data, helping them comply with changing legislation, embrace emerging technologies and capture the information that will enable them to design services and solutions built for the future,” said Derek Zanutto of CapitalG. “We look forward to partnering with Collibra and marrying Google and Alphabet’s machine learning and AI expertise with Collibra’s leadership in data collaboration, workflow management and risk management.”

Collibra already boasts over 300 customers globally in industries ranging from financial services to healthcare, retail and technology. The startup has become the de-facto choice for chief data officers tasked with implementing a strategic approach to their data.

“Now more than ever, we live in an economy where the most innovative companies are fueled by data. It has become our most valuable asset,” said Felix Van de Maele, CEO and co-founder of Collibra. “This investment is a testament to Collibra’s leadership and our ability to help customers transform their market proposition through data-driven insight. With this latest round, we are well-positioned to leverage our heritage in understanding data to help our customers utilize the most cutting-edge innovation to power their digital transformation journeys.”

Collibra was recently named to Forbes’ Cloud 100 list for the second consecutive year, and named a leader in the Gartner Magic Quadrant for Metadata Management Solutions for the third consecutive year.

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