Dashlane, a credential and digital identity management startup based in New York, has closed on its latest funding round and announced some key staff shake ups.
Dashlane closed on a $110 million Series D funding round, bringing its total funding since its 2009 inception to $210 million, according to Crunchbase. The funding round was led by Sequoia Capital, with Rho Ventures, Bessemer Venture Partners and FirstMark Capital joining in the round. Dashlane plans to use funds to grow its core product, add new capabilities for consumers and business and build its brand.
Sequoia Capital’s Jim Goetz will be joining the company’s board of directors.
Dashlane has also announced it has added former Lyft Chief Marketing Officer Joy Howard to fill that same role at Dashlane starting in August. She will oversee the global marketing function as well as all policy-related initiatives. Howard has previously held leadership positions at Sonos, Patagonia, Nike, and Coca-Cola.
“For years the tech community has maintained that people don’t care enough about their digital security to invest in real protection,” said Howard, in a statement. “We don’t believe this is true. Rather, people care deeply about protecting their digital identities, but lacked the effective means. Dashlane is a powerful yet simple tool that empowers users to control their digital identities. I look forward to helping them build a world-class brand and a company that makes digital life worry-free for everyone.”
Dashlane believes that with an increasingly digitized and internet-connected world, cyber-attacks are becoming more prevalent due to vulnerable passwords that can be the key to cybercriminals getting access to personal information and data. Their job is to simplify and secure digital ID across all platforms and devices using their app that automatically fills and stores passwords, payment and personal data.
“Billions of people and millions of businesses around the world feel the pain of digital identity – from breaches to stolen identities and the nuisance of remembering passwords. Few are even aware that there is a better way, and we are going to change that,” said Emmanuel Schalit, Dashlane CEO. “With this new capital and the addition of Joy to our leadership team, we have the resources to increase our product leadership, grow the team, and build the brand that will define the future of digital identity protection.”