Dashlane Raises The Largest Funding for Password and Identity Management.
The world’s leading password manager and digital wallet, Dashlane has recently announced that they have raise over $ 22 million Series B funding round led by Bessemer Venture Partners (BVP), with participation from existing investors Rho Ventures, FirstMark Capital, and Bernard Liautaud, the originally founder of the company. This round has brought Dashlane’s total funding up to $30 million.
While consumers are increasingly sharing their identity and payment information online, there continues to be an increasing awareness of security issues related to personal data on the clod. Such as the Vulnerabilities such as Hearbleed come to light, consumers are getting even more suspicious of their online security. With this kind of environment, Dashlane makes identity and payments simple and secure with their fully-feature password manager and secured digital wallet application. Dash has helped a total of 2 million users manage and secure their virtual identity and has allowed over $1 billion e-commerce transactions.
The company plans to utilize the extra capital from this recent round of funding to reinforce their team, accelerate growth and further expand its lead in the identity and password management space.
CEO Emmanuel Schalit said,“Our mission has always been to build a simple, universal and secure solution for identity and payments on the web. Today, hundreds of millions of web users still manually register, login and check out on desktops and mobile devices, and leave themselves vulnerable to online security threats in the process. Dashlane elegantly solves this problem for consumers, and this new round gives us even more resources to go after this fantastic opportunity.”
BVP partner Alex Ferrara will join Dashlane’s board. Ferrara noted, “Dashlane is pioneering a new category of consumer security software; helping people take back control of identity and payments information on the web. As consumers put more of their lives and the lives of their loved ones online, they face greater risk of losing that information to hackers. Dashlane is the best way to securely store passwords, credit cards, and other sensitive information on the web.”
Schalit further stated, “BVP is the ideal partner to join Rho and FirstMark in this round. They have long term views about the strategic value of our space, a stellar track record and bring a wealth of relevant experience in the US, and also as a global firm. We are thrilled to welcome them to the team.”
Bernard Liautaud added “I founded Dashlane based on the vision that a universal consumer solution for identity and payments was a critical missing link of the Internet. I am pleased to see that Dashlane is on track to realize that vision. This new round of funding allows the company to accelerate even further towards that objective.”