1Password Closes $620 Million Funding Round At $6.8 Billion Valuation
Celebrities and business leaders also contributed to 1Password.
1Password has closed a $620 million Series C funding round, raising its valuation to $6.8 billion.
Iconiq Growth led the way, with participation from Tiger Global, Lightspeed Venture Partners and Backbone Angels. It’s the largest round raised by a Canadian company. Accel, which led the company’s Series A and B funding, also participated.
This 1Password funding round also attracted investment from celebrities like Ryan Reynolds, Scarlett Johansson, Robert Downey Jr., Matthew McConaughey and more.
Business leaders like Jeff Weiner, LinkedIn’s executive chairman; Robert Iger, former CEO and chairman of the Walt Disney Co.; and Mary Barra, General Motors’ CEO, also contributed.
More than 100,000 businesses, including IBM, Slack and Snowflake, use the company’s password management and credentials security platform.
Partners Play Many Roles in 1Password’s Growth, Expansion
Jeff Shiner is 1Password