Total amount raised
$69 Millions
Latest funding date
5/1/2024
Location
Transcend has successfully raised significant funding over multiple rounds, attracting notable investors such as 01 Advisors and Index Ventures. The company specializes in data privacy infrastructure, offering a suite of products designed to help businesses manage user data and ensure compliance with privacy regulations.
Keep reading to explore the intricacies of Transcend's fundraising journey and the investors backing this innovative platform.
What Is Transcend?
Transcend, founded in 2017 by Ben Brook and Michael Farrell, is headquartered in San Francisco, California. The company specializes in data privacy infrastructure, helping businesses manage user data and ensure compliance with privacy regulations.
With a team of 51-100 employees, Transcend offers a platform that automates the fulfillment of data subject requests across all data systems and vendors within a company. Their solutions include a "Privacy Center" for end-users to manage their privacy preferences, export their data, or delete it.
Transcend's innovative approach transforms privacy challenges into business opportunities, providing real-time visibility into personal data and enterprise-scale data orchestration. Trusted by leading brands, the company continues to set the standard in data privacy management.
How Much Funding Has Transcend Raised?
- Seed Round
- Amount Raised: $4M
- Date: April 2019
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and build the core team.
- Series A
- Amount Raised: $25M
- Date: June 2020
- Lead Investors: Accel, Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand the product suite.
- Series B
- Amount Raised: $40M
- Date: May 2024
- Lead Investors: StepStone Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and development efforts, and to support AI adoption within enterprises.
Total Amount Raised: $69M. Current Valuation: Not publicly disclosed.
Key Investors
- StepStone Group
- Details: StepStone Group is a global private markets investment firm. They provide customized investment solutions and advisory services to some of the most sophisticated investors in the world.
- Investment Focus Areas: Private equity, real estate, infrastructure, private debt.
- Notable Investments: Not publicly disclosed.
- Accel
- Details: Accel is a venture capital firm that partners with exceptional founders with unique insights, from inception through all phases of private company growth.
- Investment Focus Areas: Consumer, enterprise software, fintech, cybersecurity.
- Notable Investments: Facebook, Slack, Dropbox.
- Index Ventures
- Details: Index Ventures is a global venture capital firm that invests in technology-enabled companies. They support entrepreneurs who are using technology to reshape the world.
- Investment Focus Areas: E-commerce, fintech, enterprise software, gaming.
- Notable Investments: Dropbox, Etsy, Robinhood.
- 01 Advisors
- Details: 01 Advisors is a venture capital firm that invests in technology companies. They leverage their operational experience to help companies scale.
- Investment Focus Areas: Technology companies.
- Notable Investments: Not publicly disclosed.
- HighlandX
- Details: HighlandX is a venture capital firm that focuses on early-stage investments. They aim to support innovative startups with high growth potential.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Not publicly disclosed.
What's Next for Transcend?
Transcend stands at the cusp of significant growth, driven by the increasing demand for robust data privacy solutions. With the global data privacy software market projected to reach $30 billion by 2030, the company is well-positioned to capitalize on this opportunity. Their comprehensive Privacy and AI Governance suite, which includes 12 products, offers enterprises a way to manage personal data, automate privacy tasks, and oversee AI systems, making them a formidable player in the industry.
Future fundraising opportunities appear promising, given the successful Series B round and the involvement of high-profile investors like StepStone Group and Accel. As the market for data privacy solutions continues to expand, Transcend may seek additional funding to further scale its operations and enhance its product offerings. However, the company will need to navigate challenges such as competition from established legacy platforms and the rapidly evolving landscape of privacy regulations.
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