Collibra Raises $100 Million at $1 Billion Valuation

Collibra, a leader in enterprise data governance, recently announced it has closed a round of $100 million in Series E funding. The new round of funding gives the catalogue software company a post-money valuation of more than $1 billion.

Big Investors are Bullish

The latest round of funding was led by Alphabet’s growth equity investment fund, CapitalG, and also saw participation from existing investors ICONIQ Capital, Index Ventures, Dawn Capital, and Battery Ventures. The new round of funding brings the total raised by Collibra to more than $233 million after six rounds of funding.

Collibra: A Darling of Big Tech

Collibra is a company which makes sure the data that companies like Facebook and Google collect is stored in a way that complies with legal regulations. In the wake of a $57 million fine levied by the French government against Google, companies like Collibra will become more-and-more valuable to big tech. The fact that Google’s parent company Alphabet led the round which also saw participation from the Zuckerberg/Dorsey/Sanderberg-backed ICONIQ, bares testament to this fact.

A Proud Founder

According to Collibra co-founder and CEO Felix Van de Maele, “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. 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.”

New Funding as a Victory Lap

According to the company statement, ‘The funding comes on the heels of a record revenue year, with an 80 percent increase in annualized recurring revenue and rapid expansion across the globe.’ The latest round of funding is expected to be used to expand the company’s product offerings and to extend its reach into machine learning and AI, as well as to fund its own growing in-house data scientist teams.

Currently, Collibra boasts more than 300 global clients across industries as varied as fintech, healthcare, retail, and tech.


SoftBank to Invest $1 Billion in Grab

 

SoftBank is reportedly set to invest $1 billion from its Vision Fund into southeast Asian ride-hailing startup, Grab.

Grab: The Southeast Asian 'Super-app'

Currently, Grab's $11 billion valuation makes it the most valuable tech startup in southeast Asia. The company has been download over 130 million times and operates in 8 countries including Singapore, Malaysia, and Vietnam. Now with its plans to move into deliveries, healthcare, and mobile payments the company looks well-positioned to only grow stronger. Such ubiquitousness of use in the region in such varied fields has caused some to refer to the company as a, ‘super-app’.

The Company Has Investor's Attention

To date, the company has already raised over $6.5 billion after a remarkable 19 rounds of funding. In 2018 alone, the tech startup has already raised over $2.7 billion. This remarkable figure does not even include the pending $1 billion investment by SoftBank which will only increase the company’s $11 billion valuation.

SoftBank Doubles Down on Grab

This is not the first time SoftBank has invested in the company. In 2014, SoftBank was one of the early investors when it became the company's largest investor with a $250 million round. If SoftBank follows the same pattern it has when it invested in three other southeast asian tech unicorns, it will transfer the stake to its Vision Fund, then double down by investing in the company again from its Vision Fund.

How Grab Beat Uber in the Region

Grab garnered worldwide attention earlier this year when it out-maneuvered ride-share giant Uber for control of the region. After a long battle between the two companies, Grab emerged victorious when in March it successfully bought-out Uber’s southeast asian operations. This does not mean the company is without competition in the region however as Indonesian ride-share company Go-Jek raised a reported $1.2 billion earlier this year at a $9 billion valuation.

As to which ride-share company will ultimately control the booming southeast asian market remains unclear, but with the latest round of funding in place, Grab will remain positioned to do just that.