Canadian startup, 1Password valuation touches $6.8 b>
My Startup World
1Password, the leader in human-centric security, closed a $620 million (USD) Series C that raises the companyâs valuation to $6.8 billion. Led by ICONIQ Growth, with participation including Tiger Global, Lightspeed Venture Partners, Backbone Angels, and Salesforce Ventures.
The round is the largest raised by a Canadian company, and reinforces 1Passwordâs security and privacy leadership. Accel, who led the companyâs Series A and B, is also participating in the round alongside Slack Fund, another previous investor. 1Password will use this additional capital infusion to develop and scale human-centric security solutions for all, focusing on helping people easily protect their most sensitive data and information while seamlessly integrating between their work and personal lives.
This round also attracted investment from leaders in media and entertainment; including Ryan Reynolds, Scarlett Johansson, Robert Downey Jr., Matthew McConaughey, Chris Evans, Rita Wilson, Ashton Kutcher, Trevor Noah, Justin Timberlake and Pharrell Williams.
Link: https://mystartupworld.com/canadian-startup-1password-valuation-touches-6-8-b/