Dashlane.com | 05.19.14

Dashlane Announces Largest Funding Ever in Password and Identity Management

NEW YORK – Dashlane, the world’s leading password manager and digital wallet, announces a $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 original founder of the company. The round brings Dashlane’s total funding to date to $30 million.

While consumers are increasingly sharing their identity and payment information online, there is growing awareness of the security issues related to personal data on the cloud. As vulnerabilities such as Heartbleed come to light, consumers are getting even more wary of their online security. In this environment, Dashlane makes identity and payments simple and secure with its fully-featured password manager and secure digital wallet app. Dashlane has helped over 2 million users manage and secure their digital identity, and has enabled over $1 billion in e-commerce transactions.

The company will use the additional capital from this round to reinforce its team, accelerate growth and further extend its lead in the identity and password management space. CEO Emmanuel Schalit stated, “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.”

Read the full article on Dashlane.com