- German privacy and compliance software company DataGuard raises $20m funding round from London-based growth investor One Peak
- DataGuard’s Privacy-as-a-Service solution enables over 1,000 SMB and enterprise customers to become and remain compliant with privacy regulation such as GDPR
- DataGuard will use the proceeds to invest in its existing full-stack platform as well as adjacent product categories and scale its sales and marketing organization in Europe and the Americas
Munich, 26 March 2020 – DataGuard, the German privacy and compliance Software-as-a-Service company, raises $20 million in expansion capital from London-based growth investor One Peak. With the funding, DataGuard is looking to capitalize on its strong growth momentum and further expand its customer base across key geographies in Europe and the Americas.
“Millions of companies are striving to comply with privacy regulation such as GDPR or CCPA,” says DataGuard Co-Founder Thomas Regier. “We are excited to partner with One Peak to help many more organizations across the globe become and remain privacy compliant. Our Privacy-as-a-Service solution provides customers with access to a proprietary full-stack platform and services from a dedicated team of data privacy experts. This enables customers to gain insights into their data processing activities and to operationalize privacy and compliance across their entire organization.”
DataGuard Co-Founder Kivanc Semen adds: “We have a truly horizontal product that has the potential to become an integral part of the tech stack in enterprises and SMBs alike. We will use the funding to deliver on our product roadmap. We will achieve this in two ways: By increasing automation levels through improvements of the machine learning capabilities in our privacy software suite and by speeding up our development of new product categories.”
“We are incredibly excited to back DataGuard’s world-class founding team”, says David Klein, Co-Founder and Managing Partner at One Peak. “We are convinced that DataGuard’s cutting-edge software suite combined with its comprehensive service offering provides both enterprises and SMBs with an end-to-end solution that fulfils their data privacy needs across the board.”
Founded in November 2017, DataGuard has become a leading all-in-one data privacy solution provider with over 1,000 customers. DataGuard analyzes its customers’ data processing activities and enables them to make better decisions around privacy compliance, providing them with the ability to modify their IT infrastructure and internal processes. This increases customers’ data security, builds consumer trust, lets them focus on their core business and mitigates regulatory and third-party risks.
DataGuard is a privacy and compliance Software-as-a-Service company headquartered in Munich, Germany. The company was founded in November 2017 and has over 100 employees. DataGuard’s Privacy-as-a-Service solution enables more than 1,000 customers – ranging from small and medium-sized businesses (SMBs) to multinational enterprises – to become and remain compliant with national and international privacy regulation. Via its proprietary software platform, DataGuard audits customers’ personal data flows, creates process documentation, processes and documents data breaches, third-party audits and data subject requests and trains customers’ workforces. DataGuard operates across a broad range of industry verticals such as industrials, technology, professional services, healthcare, finance and government. To learn more, visit www.dataguard.com or connect on LinkedIn or Twitter.
About One Peak
One Peak is a growth equity firm that invests in technology and tech-enabled companies in the scale-up phase. One Peak provides expansion capital, operating expertise through its Value Creation Team and access to its extensive network of exceptional entrepreneurs, with a view to help transform innovative businesses into lasting, category-defining leaders. In addition to DataGuard, One Peak’s investments include DocPlanner, Neo4j, Spryker Systems, Quentic, Coople, HighQ and Concentra Analytics. To learn more, visit www.onepeakpartners.com.