Dashlane Funding, Investors & Competitors

Dashlane has raised $154M across 3 funding rounds, most recently a $110M Series D in May 2019.

Last Dashlane funding round

$110M

Series D · May 2019

Cumulative funding Dashlane raised

$154M

across 3 funding rounds

Key investors in Dashlane

  • Bessemer Venture Partners
  • FirstMark
  • Rho Ventures
  • Sequoia Capital
  • TransUnion
  • Bernard Liautaud

Dashlane Overview

About Dashlane

Dashlane is a Paris-headquartered password manager that secures credentials through zero-knowledge encryption, autofill features, and shared vaults for individuals and enterprises. The company operates offices in New York and Lisbon while serving global customers with desktop, mobile, and browser extensions. Dashlane integrates VPN services and dark web monitoring to enhance online protection. Founded in 2012, it supports biometric logins and emergency access protocols tailored for IT teams managing organizational security.


Founded

2009

HQ

United StatesNew York City, NY

Status

Privately held

Customer focus

B2B & B2C

Revenue model

Subscription

Dashlane Funding History

Dashlane has raised a total of $154M across 3 funding rounds.

Dashlane's first fundraising round was a $22M Series B in May 2014. The most recent completed round was a $110M Series D in May 2019.

Dashlane funding rounds

Dashlane funding rounds
DateStageInvestorsRaisedDeal Summary
May 2019Series DSequoia Capital (lead); FirstMark; Bessemer Venture Partners; Rho Ventures$110MDashlane is a credential and digital identity management solution offering password management software for consumers and businesses, available in 11 languages and used by over 11 million users across 180 countries. It features automatic password filling, storage of personal data and payment details, Dark Web Monitoring, and enterprise tools for organizations. The company raised $110 million in a Series D funding round on May 30, 2019, led by Sequoia Capital with Jim Goetz joining the board, and participation from existing investors Rho Ventures, FirstMark Capital, and Bessemer Venture Partners. Funds were allocated to enhance core products, add new capabilities for consumers and businesses, expand marketing, and build a category-defining brand in digital identity protection. Prior to this equity round, Dashlane had secured $30 million in debt from Hercules Capital, bringing total capital raised to over $210 million, with earlier rounds including Series C in May 2016. The startup competed in the password security market against credential stuffing threats, boasting 10 million consumers and 10,000 organizations as customers at the time. Dashlane appointed Joy Howard, former Lyft and Coca-Cola CMO, as its new Chief Marketing Officer to drive growth efforts.
May 2016Series CTransUnion (lead); FirstMark; Bessemer Venture Partners; Rho Ventures$23MDashlane, an award-winning password manager and leader in online identity management, closed a $22.5 million Series C funding round on May 25, 2016, led by TransUnion with participation from existing investors Rho Ventures, FirstMark Capital, and Bessemer Venture Partners. This brought the company's total funding to $52.5 million since its 2009 founding. The investment supports Dashlane's expansion as an identity management company, accelerating its product roadmap and integrating new services for secure identity and payments. The funding coincides with a strategic partnership between Dashlane and TransUnion, focusing on joint development of services for credit monitoring, identity and fraud protection, credit information, and breach alerts. TransUnion will aid Dashlane's global distribution through its partner channels. John Danaher, president of TransUnion Consumer Interactive, joined Dashlane's board as part of the deal. TransUnion described Dashlane as uniquely positioned for the growing demand for secure digital identity solutions. At the time, Dashlane served over 5 million consumers across 150 countries and had facilitated $5.5 billion in e-commerce transactions. CEO Emmanuel Schalit emphasized the milestone in advancing the company's mission amid rising account breach risks. TransUnion's investment was a noncontrolling interest stake.
May 2014Series BBessemer Venture Partners (lead); FirstMark; Bernard Liautaud; Rho Ventures$22MDashlane, a password manager and digital wallet founded in 2009 with offices in New York and Paris, raised $22 million in a Series B round on May 19, 2014, led by Bessemer Venture Partners, with participation from Rho Ventures, FirstMark Capital, and co-founder Bernard Liautaud. This brought total funding to $30 million. The company planned to use proceeds for hiring talent, exploring identity management and payments products, and expanding into Latin America and Asia. At the time, Dashlane had surpassed 2 million users and enabled over $1 billion in transactions, following heightened interest post-Heartbleed bug. Dashlane's solution offered instant login and checkout features, earning accolades like PC Mag's Best Security Product of 2013 and Finovate 2012 Best of Show. Investors Bessemer Venture Partners, Rho Ventures, and FirstMark Capital backed the early-stage fintech security firm. The round aligned with Dashlane's rapid growth in consumer password management amid rising online security concerns.

Who has invested in Dashlane?

6 investors have backed Dashlane across its funding rounds, including Bessemer Venture Partners, FirstMark, Rho Ventures, Sequoia Capital, TransUnion and Bernard Liautaud.

Lead investors include Sequoia Capital, TransUnion and Bessemer Venture Partners.


Dashlane Investors

Investors in Dashlane by funding rounds participated
InvestorHQRoundsRoleFirst check
FirstMarkUnited StatesNew York City, NY3ParticipantMay 2014
Bessemer Venture PartnersUnited StatesSan Francisco, CA3LeadMay 2014
Rho VenturesUnited StatesNew York City, NY3ParticipantMay 2014
Bernard LiautaudUnited KingdomLondon1ParticipantMay 2014

This data is available for Pro users. Sign up to see all 6 Dashlane investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Dashlane

Dashlane has acquired 1 company to date.

Last acquisition by Dashlane was on December 9th 2014. Dashlane acquired passOmatic for undisclosed valuation.


Latest Acquisitions by Dashlane

passOmatic
Description
passOmatic is a New York-based web application launched in 2012 that automates password updates across multiple accounts with a single click. Users access the service via passomatic.com to maintain security efficiently without manual intervention on each site.
HQ CountryUnited States
HQ City
New York City, NY
Deal Date9 Dec 2014
Valuationundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Dashlane acquisitions and their M&A valuation multiples.

Start Free Trial

Dashlane Competitors

Dashlane competitors include listed companies like Palo Alto Networks, CrowdStrike, IBM and Fortinet, and private ones like Safe Superintelligence and Cyera.

Public and private companies comparable to Dashlane
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Palo Alto NetworksUnited StatesUnited StatesPublicly listed$11B$1B$307B25.9x
CrowdStrikeUnited StatesUnited StatesPublicly listed$4.8B($12M)$252B44.5x
IBMUnited StatesUnited StatesPublicly listed$68B$17B$224B4.0x
FortinetUnited StatesUnited StatesPublicly listed$6.8B$2.3B$127B15.9x
Safe SuperintelligenceUnited StatesSan Francisco, CAPrivate--$32B-
CyeraUnited StatesNew York City, NYPrivate$150M-$12B80.0x

Dashlane Public Comps

Dashlane is still privately-owned, but its public comps include Palo Alto Networks, CrowdStrike, IBM, Fortinet, Cloudflare, Okta, Zscaler, F5, Rubrik and Gen Digital.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Palo Alto Networks$11B$1B26.7x25.9x301.1x76.9x
CrowdStrike$4.8B($12M)51.4x44.5x(19816.2x)151.0x
IBM$68B$17B4.2x4.0x16.9x14.6x
Fortinet$6.8B$2.3B18.1x15.9x53.7x41.9x
Cloudflare$2.2B($25M)54.6x44.3x(4653.4x)185.1x
Okta$2.9B$245M10.6x10.0x126.4x36.4x
Zscaler$3.4B$42M9.1x8.9x721.8x32.5x
F5$3.1B$901M7.5x6.9x25.8x18.3x

This data is available for Pro users. Sign up to see all Dashlane competitors and their valuation data.

Start Free Trial

Common questions about Dashlane

When was Dashlane founded?Dashlane was founded in 2009.
Where is Dashlane headquartered?Dashlane is headquartered in New York City, NY, United States.
Is Dashlane publicly listed?No, Dashlane is a private, VC-backed company.
How much funding has Dashlane raised?Dashlane has raised $154M across 3 funding rounds.
What was Dashlane's last funding round?Dashlane's last funding round was a $110M Series D in May 2019, led by Sequoia Capital.
Who are Dashlane's investors?Dashlane's investors include FirstMark, Bessemer Venture Partners, Rho Ventures, Bernard Liautaud, TransUnion and Sequoia Capital.
Which companies are comparable to Dashlane?Companies comparable to Dashlane include Palo Alto Networks, CrowdStrike, IBM, Fortinet, Safe Superintelligence and Cyera.
How many companies has Dashlane acquired?Dashlane has acquired 1 company, including passOmatic.

See companies similar to Dashlane

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial