Password manager Dashlane closes on $30M, adds former Spotify CMO to board

INSUBCONTINENT EXCLUSIVE:
Dashlane, a popular password manager and all-round identity management solution, has raised another $30 million in funding, the company
announced today
Bessemer Venture Partners, TransUnion and Silicon Valley Bank.The company is also expanding its board with the addition of Seth Farbman, a
former CMO for Spotify and Gap.Farbman spent nearly four years at Spotify as its chief marketing officer, exiting that position in January
2019
During his time there, Spotify grew to more than 200 million monthly actives
The service is now available in 11 languages and used in 180 countries worldwide.Dashlane has also been expanding its product to include new
features like Dark Web monitoring, which alerts users if their information is being passed around by hackers on the far reaches of the
internet; and has added a VPN and identify theft protection
The goal with these features is to make Dashlane more than just a password management app, and to better differentiate itself from rivals
more.People, broadly, are also more aware of their online privacy these days
percent revenue growth year-over-year.To date, Dashlane has raised more than $100 million in venture funding
LastPass, for instance, announced 16.8 million users in 2018
number of employees, thanks to its B2B deals
complete solution, rather than just a tool to remember passwords.