Warburg Pincus leads $80m series-C for Privitar

Katharine Hidalgo
07 April 2020

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Warburg Pincus has led an $80m series-C funding round for data privacy platform Privitar.

The firm is said to be investing around $50m in the round, which values the company at approximately $400m, according to a report by Sky News.

Warburg Pincus is currently investing from its Global Growth Fund, which closed on $14.8bn in November 2019.

Accel, Partech, IQ Capital, Salesforce Ventures and ABN Amro Ventures also participated in the round.

The funding will go towards the development of Privitar's data privacy platform and growth initiatives, such as international expansion and increased hiring across sales, services, product development, and other areas of the business.

Previous funding
In August 2016, Illuminate Financial Management led a £3m funding round for Privitar.

The company raised $16m in a series-A funding round in July 2017, with support from existing investors IQ Capital, 24 Haymarket and Illuminate Financial, and new funding from Partech, CME Ventures and Salesforce Ventures.

Accel led a $40m funding round in June 2019. Partech, Salesforce Ventures, 24Haymarket and IQ Capital also participated in the round.

Company
Founded in 2014 and headquartered in London, Privitar provides data-privacy software to companies and public sector organisations around the world to protect sensitive data, and enable the safe and ethical use of data for insight. The fund now employs 140 people in offices in New York, Boston, Paris, Munich, Austin, Warsaw and Singapore.

People
Warburg Pincus – Cary Davis (managing director).
Privitar – Jason du Preez (CEO).