Privitar raises $80m in Series C featuring ABN Amro
Enterprise software and security company Privitar has raised $80 million in a Series C funding round led by Warburg Pincus.
The latest funding round, which brings London-based Privitar’s total raised up to $143 million, featured IQ Capital, Partech, and the venture wings of both ABN Amro and Salesforce.
Founded in 2014, Privitar offer a range of data privacy solutions across anti-money laundering (AML), regulatory compliance, and business insights analytics.
It claims to have HSBC, Citi, the UK’s National Health Service and pharmaceuticals giant AstraZeneca among its clients.
The firm says that this latest injection will be used to build out its sales, services and product teams as it looks to expand overseas.
Jason du Preez, CEO of Privitar, says that his firm enables customers to “unlock and use their data to create better products and services while minimising friction and risk”.
He adds: “Large enterprises in regulated industries like financial services and healthcare have been early adopters of data privacy solutions, but all companies should look for ways to use data more safely and more effectively.”