Total amount raised
$84 Millions
Latest funding date
October, 2022
Location
DataGrail has successfully raised significant funding through multiple rounds, with its latest being a Series C. The company is backed by a diverse group of investors, including Next47 and Cloud Apps Capital Partners.
Keep reading to explore the intricacies of DataGrail's fundraising journey and the investors supporting this innovative privacy management platform.
What Is DataGrail?
DataGrail, founded in February 2018, is headquartered in San Francisco, California. The company was established by Daniel Barber, Earl Hathaway, and Ignacio Zendejas.
Specializing in data privacy management, DataGrail offers solutions that help businesses automate privacy workflows, manage consent, and assess privacy risks. Their platform is designed to reduce risk and build trust with customers.
With a team of 51-100 employees, DataGrail continues to innovate in the privacy management space, providing essential tools for modern brands to navigate complex data privacy regulations.
How Much Funding Has DataGrail Raised?
- Angel Round
- Amount Raised: $200K
- Date: May 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to kickstart operations and develop the core platform.
- Seed Round
- Amount Raised: $4M
- Date: September 2018
- Lead Investors: Cloud Apps Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A
- Amount Raised: $5M
- Date: July 2019
- Lead Investors: Cloud Apps Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series B
- Amount Raised: $30M
- Date: March 2021
- Lead Investors: Felicis
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and invest in new product features.
- Series C
- Amount Raised: $45M
- Date: October 2022
- Lead Investors: Third Point Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and meet the growing demand for data privacy solutions.
Total Amount Raised: $84.2M. Current Valuation: Not publicly disclosed.
Key Investors
- Third Point Ventures
- Details: Third Point Ventures is a venture capital firm that focuses on transformative companies. Dan Moskowitz, a partner at Third Point Ventures, has joined DataGrail’s Board of Directors.
- Investment Focus Areas: Technology, innovation-driven companies.
- Notable Investments: SentinelOne, Upstart.
- Cloud Apps Capital Partners
- Details: Cloud Apps Capital Partners is a venture capital firm specializing in early-stage investments in cloud business application companies. They have been a consistent investor in DataGrail since the Seed Round.
- Investment Focus Areas: Cloud-based applications, services.
- Notable Investments: Not publicly disclosed.
- Felicis Ventures
- Details: Felicis Ventures is a venture capital firm that invests in early-stage technology companies across various sectors. They led DataGrail's Series B funding round.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Shopify, Fitbit, Adyen.
- Next47
- Details: Next47 is a global venture firm that invests in innovative technology startups. They have been involved with DataGrail since the Series A round.
- Investment Focus Areas: Innovative technology startups.
- Notable Investments: Formlabs, Markforged.
- Operator Collective
- Details: Operator Collective is a venture capital firm that focuses on enterprise software and technology companies. They participated in DataGrail's Series C funding round.
- Investment Focus Areas: Enterprise software, technology companies.
- Notable Investments: Not publicly disclosed.
What's Next for DataGrail?
DataGrail stands at the cusp of significant growth opportunities, driven by the increasing demand for data privacy solutions. With a robust customer base that includes Salesforce, Instacart, and New Balance, the company is well-positioned to capitalize on the expanding global data privacy market, projected to reach $25.85 billion by 2029. The recent $45 million Series C funding will enable DataGrail to scale operations, enhance its platform, and introduce new products like Risk Monitor.
Future fundraising opportunities appear promising as the company continues to attract high-profile investors and expand its market presence. However, DataGrail will need to navigate the complexities of evolving data privacy regulations and maintain its competitive edge against other privacy solution providers. Ensuring the platform's scalability and reliability will be crucial as the company grows.
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