Growth Investment Led by Bregal Sagemount Targets Fast Growing Privacy Compliance and Risk Management Market
TrustArc Inc, the leading global provider of privacy management solutions, today announced that it has received a $70 million Series D growth investment led by private equity firm, Bregal Sagemount, to further advance the company’s leadership position in the privacy market. Existing investors Accel, Baseline Ventures, DAG Ventures, Icon Ventures and Industry Ventures will continue to retain significant stakes in the business.
“We are very excited to bring on Sagemount as a strategic and financial partner. Given their prior success investing in market-leading, high-growth technology companies, we believe they are the right partner for the next phase of our growth,” commented Chris Babel, CEO of TrustArc.
“We have been building on our two decades of privacy leadership to design cutting edge technology solutions, and this significant growth investment will allow us to further help enterprises around the world navigate the rapidly evolving data privacy regulatory landscape.”
We couldn’t have accomplished this without the help and assistance of others.
To our customers who use our products and push us to improve every day, thank you.
To our partners who integrate to make our products better or work with us in supporting customers, thank you.
To our investors who have supported us to get this far, thank you.
Most importantly, thank you to the TrustArc employees who push forward every day to make us a better and more successful company!
“Companies are increasingly required to serve as fiduciaries of personal information. Their customers, supply chain partners, and vendors are more likely to provide such data to companies that have the policies and software to manage it properly,” said Daniel Kim, Founding Partner at Bregal Sagemount.
“TrustArc’s privacy industry leadership has allowed it to build a unique suite of technology solutions to help companies differentiate themselves in today’s regulatory environment.”
Over the past two years, we have continuously enhanced our Privacy Technology Platform to help manage GDPR, CCPA, LGPD and other compliance requirements.
Recent additions have been the Dashboard – a centralized location to manage privacy program KPIs; and the Privacy Profile – a streamlined resource to identify and manage the laws and regulations applicable to your organization.
Both of these solutions are powered by the TrustArc Intelligence Engine and delivered in a visual, easy to use interface.
“TrustArc is at the center of the rapidly growing privacy tech market which is part of a larger wave of innovation transforming regulatory compliance,” said Andrew Braccia, Partner at Accel.
“Together with Sagemount we look forward to working with TrustArc to further enhance its solutions and expand into new markets worldwide.”
Sagemount’s investment was led by Daniel Kim, Arjun Mehta, and William Breskman. TrustArc was advised by DBO Partners, and Fenwick & West provided legal counsel. Goodwin Procter provided legal counsel to Bregal Sagemount.
TrustArc is the leader in privacy compliance and data protection solutions and offers an unmatched combination of innovative technology, services and TRUSTe certification solutions. TrustArc addresses all phases of privacy program management and has been delivering innovative privacy solutions for two-decades to companies across all industries.
The TrustArc platform leverages deep privacy expertise and proven methodologies, which have been continuously enhanced through thousands of customer engagements. Headquartered in San Francisco, and backed by a global team across the Americas, Europe, and Asia, TrustArc helps customers worldwide demonstrate compliance, minimize risk and build trust.