Collibra, the Data Intelligence company, has announced that it has raised $250 million in Series G funding. Sequoia Capital Global Equities (SCGE) and Sofina led the round, along with participation from new investor Tiger Global Management and existing investors Battery Ventures, CapitalG, Dawn Capital, Durable Capital Partners LP, ICONIQ Capital and Index Ventures.
The funding values Collibra at $5.25 billion, more than doubling the company’s valuation of $2.35 billion announced in April 2020.
“We are seeing overwhelming demand for our platform, and the interest from the investor community further validates our approach to helping our customers drive value from their own data,” said Felix Van de Maele, founder and CEO of Collibra. “We are the only company in the industry that provides a single, fully integrated cloud-native platform to enable customers to accelerate their digital transformation journey.”
“With the growth of the datasphere expected to reach 181 zettabytes in 2025, the opportunity lies in how organizations can manage both the data sprawl and complexity,” said Aneesh Venkat, Partner at Sequoia Capital Global Equities. “Collibra’s approach to delivering data intelligence will be the game changer as organizations become more agile in their strategies and business operations.”
“Collibra is a high-growth, cloud-native organization and one of the most successful tech companies founded in Belgium. The company’s success is testament to the strength of the Belgian tech ecosystem, and we are happy to continue our long term partnership with Collibra,” said Harold Boël, CEO of Sofina. “Against a shifting market landscape, Collibra remains highly differentiated with its cloud platform and robust ecosystem, allowing it to expand its market leadership.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.