New York based payment security and verification platform raised the amount to continue to develop its product and build out its B2B e-commerce business.
The round was led by TransUnion, and included participation from Rho Ventures, FirstMark Capital and Bessemer Venture Partners.
The market for identity protection and password protection has perhaps never been stronger than it is today. There is a growing wave of mainstream services that you consume in the cloud that need you to authenticate who you are. But the instances of malicious hackers uncovering and using your credentials for nefarious purposes seem to be rising at an alarming rate. Those two forces have been a big boost for Dashlane’s business. Today, the company says it has more than 5 million consumers in over 150 countries, and it has enabled $6 billion in e-commerce transactions to date. As a point of comparison, two years ago when we covered the company’s previous round of funding, it had only 2 million users and helped process $1 billion in transactions.