- General
- May 30, 2019
- 5 minutes read
Dashlane Raises $110 Million Series D
Dashlane CEO Emmanuel Schalit image: Dashlane New York based password and confidential data management startup Dashlane has raised $110 million…
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| Dashlane CEO Emmanuel Schalit
image: Dashlane
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New York based password and confidential data management startup Dashlane has raised $110 million in Series D funding led by Sequoia Capital, whose partner Jim Goetz — popularly known for his huge win on WhatsApp — is joining its board. This round included, Dashlane has now raised more than $185 million in total funding. Existing investors FirstMark Capital, Bessemer Venture Partners and Rho Ventures also participated in this round.
Dashlane says it’ll make use of the funding to enhance its core product, build a “category-defining” brand, and add new capabilities to better address the needs of consumers and businesses of all sizes. The company has also announced it has poached Lyft chief marketing officer Joy Howard to take the same position at Dashlane. The former Patagonia, Coca-Cola, and Sonos executive will assume the role in August.
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| Sequoia Capital partner Jim Goetz
image: Techcrunch on Flickr
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Goetz is joining Spotify CMO Seth Farbman and Dashlane founder Bernard Liautaud on the company’s board. Dashlane’s raise is an additional testament to a hot cyber-security scene as of late. Just this week alone, Israeli security firm Deep Instinct secured an over $150 million deal to secure HP laptops, Palo Alto Networks has acquired Israeli cyber-security startup Twistlock, FireEye has paid $250 million for Virginia based security startup Veridon.
And just like Dashlane, other companies that have raised huge funding recently include Auth0, Zipline, Deliveroo, Nextdoor, Away, Gett, and GM Cruise.
