Total amount raised
$2.1 Billions
Latest funding date
Location
Title
OneTrust has successfully raised significant funding over multiple rounds, establishing itself as a key player in the data and AI governance space. The platform offers comprehensive solutions for consent and preference management, third-party management, privacy automation, tech risk and compliance, and data and AI governance.
Keep reading to explore the intricacies of OneTrust's fundraising journey and the investors backing this innovative platform.
What Is OneTrust?
OneTrust, founded in 2016, is a leading company in responsible AI and data solutions. The company is headquartered in Atlanta, Georgia, and has a global presence with offices worldwide.
OneTrust was co-founded by Kabir Barday, who also serves as the CEO. The platform offers a comprehensive suite of solutions for data governance, risk management, and compliance.
With over 2,000 employees, OneTrust serves more than 14,000 customers, including 75 of the Fortune 100 companies. The company's mission is to help organizations responsibly collect, govern, and use data.
How Much Funding Has OneTrust Raised?
- Series A
- Amount Raised: $200M
- Date: July 2019
- Lead Investors: Insight Partners
- Valuation at Round: $1.3B
- Motivation Behind the Round: Likely to support initial growth and development of their trust and compliance solutions.
- Series B
- Amount Raised: $210M
- Date: February 2020
- Lead Investors: Coatue
- Valuation at Round: $2.7B
- Motivation Behind the Round: Likely to continue scaling their operations and expanding their market presence.
- Series C
- Amount Raised: $300M
- Date: December 2020
- Lead Investors: TCV
- Valuation at Round: $5.1B
- Motivation Behind the Round: To further accelerate growth and enhance their platform capabilities.
- Series C
- Amount Raised: $210M
- Date: April 2021
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's mission-critical solutions in the face of changing regulations and new business initiatives like AI.
- Secondary Market
- Amount Raised: $1B
- Date: March 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Venture Round
- Amount Raised: $150M
- Date: July 2023
- Lead Investors: Generation Investment Management
- Valuation at Round: $4.5B
- Motivation Behind the Round: To bolster OneTrust’s continued growth to meet customer demand for trust intelligence software.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: August 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Total Amount Raised: $2.07B. Current Valuation: $4.5B.
Key Investors
- Generation Investment Management
- Details: Generation Investment Management is a firm that believes in sustainable investing and focuses on long-term investments. They led the recent $150 million funding round for OneTrust.
- Investment Focus Areas: Sustainable investments, long-term investments, companies addressing environmental and social challenges.
- Notable Investments: Not publicly disclosed.
- Sands Capital
- Details: Sands Capital is an existing investor in OneTrust and participated in the recent $150 million funding round. They typically invest in high-growth companies across various sectors.
- Investment Focus Areas: High-growth companies, various sectors.
- Notable Investments: Amazon, Netflix, Tesla.
- Insight Partners
- Details: Insight Partners is a growth-stage investment firm specializing in software and internet businesses. They have been an existing investor in OneTrust.
- Investment Focus Areas: High-growth technology, software companies.
- Notable Investments: Twitter, Shopify, DocuSign.
- Coatue
- Details: Coatue is a technology-focused investment firm that has been an existing investor in OneTrust. They focus on technology, media, and telecommunications sectors.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Snap, ByteDance, DoorDash.
- TCV
- Details: TCV is a venture capital firm specializing in growth-stage technology companies. They have been an existing investor in OneTrust.
- Investment Focus Areas: Growth-stage technology companies.
- Notable Investments: Airbnb, Facebook, Netflix.
What's Next for OneTrust?
OneTrust stands at the cusp of significant opportunities, driven by the increasing demand for privacy, security, ethics, and ESG management solutions. The company is well-positioned to leverage its Trust Intelligence Platform to meet these needs, expanding its market share in the rapidly growing data privacy compliance sector. With a valuation of $4.5 billion and substantial recent funding, OneTrust is poised to double its Annual Recurring Revenue and reach new financial milestones.
Future fundraising opportunities appear promising as OneTrust continues to innovate and expand its platform. The company may attract further investments to support its growth and technological advancements. However, navigating the complex landscape of global data privacy regulations and sustaining market leadership amidst rising competition will be challenging. Ensuring continuous innovation and managing the unintended consequences of data proliferation will be crucial for OneTrust's sustained success.
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