Belgian tech unicorn Collibra raises €216M funding; doubles valuation to €4.5B

Collibra, a Brussels-based data intelligence company, on Tuesday announced that it has raised $250M (approx €216M) in Series G round of funding at a valuation of $5.25B (approx €4.5B). 

The round was led by Sequoia Capital Global Equities (SCGE) and Sofina, along with new investor Tiger Global Management. Existing investors Battery Ventures, CapitalG, Dawn Capital, Durable Capital Partners LP, ICONIQ Capital, and Index Ventures also participated in the round.

The latest announcement comes a little more than a year after securing a $112.5M (approx €104M) at $2.3B (approx €2.1B) valuation.

“We are seeing overwhelming demand for our platform, and the interest from the investor community further validates our approach to helping our customers drive value from their own data,” says Felix Van de Maele, founder and CEO of Collibra. “We are the only company in the industry that provides a single, fully integrated cloud-native platform to enable customers to accelerate their digital transformation journey.”

Fund utilisation

Collibra intends to use the additionally raised capital to enhance its Data Intelligence Cloud, a single system of engagement for data. The company is also planning to expand existing partnerships in their ecosystem, including platform and solution providers AWS, Google Cloud, Snowflake, and Tableau.

In August, Collibra announced the availability of the Collibra Data Intelligence Cloud in the Microsoft Azure Marketplace, an online store that provides applications and services.

To support company growth, Collibra will be expanding its presence globally and hiring in key areas including engineering, sales, customer success, and product. 

The company aims to double the size of its global workforce by 2023.

Collibra: What you need to know

Founded by Felix Van De Maele, Pieter De Leenheer and Stijn Christiaens in 2008, Collibra is a spin-off from STARLab at the VUB University of Brussels. 

The company delivers an end-to-end data intelligence platform to accelerate digital business transformation. The Belgian company does this by connecting the right data, insights, and algorithms to all data citizens.

As a result, customers can find, understand and access data easily and securely to deliver smarter business decisions and unlock new business opportunities.

Collibra works with over 500 global enterprises, including seven of the 10 largest pharmaceutical companies, 70 per cent of the largest US banks, and several of the world’s largest retailers. Currently, the company operates in the US, Australia, Belgium, France, the UK, and Poland.

About the Investors

Sequoia Capital Global Equities is a public/private crossover fund, with investments spanning from late-stage private companies to public companies.

“With the growth of the datasphere expected to reach 181 zettabytes in 2025, the opportunity lies in how organisations can manage both the data sprawl and complexity,” said Aneesh Venkat, Partner at Sequoia Capital Global Equities. “Collibra’s approach to delivering data intelligence will be the game changer as organizations become more agile in their strategies and business operations.”

Sofina is a Belgium-based investment company listed on the Brussels stock exchange and a supportive partner of entrepreneurs and families managing growing companies. 

The company invests both directly and through Private Equity funds. Its geographical scope is Europe, the United States, and Asia

Harold Boël, CEO of Sofina, says, “Against a shifting market landscape, Collibra remains highly differentiated with its cloud platform and robust ecosystem, allowing it to expand its market leadership.”