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New Deal


Announced

Completed

Iconiq led a $620m Series C funding round in 1Password.

Financials

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Transaction Value£455m
Consideration TypeCash
Capital Owned-
Capital Bid For9%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Canada

Completed

Friendly

management software

Software

Venture Capital

password management

Private

Private Equity

Minority

Acquisition

cybersecurity

Synopsis

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Iconiq Growth, a privately-held investment firm, led a $620m Series C funding round in 1Password, a developer of a password management software. Lightspeed Ventures, Tiger Global and Accel also participated. The business version of 1Password, which integrates with several other work platforms, was launched in May 2016 and Shiner said it is now used by over 100k companies.

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