Thursday , March 4 2021

Thanks to Google support, Collibra joins the largest courtyard

With an increase of 100 million dollars, the Belgian escalation Collibra has reached an assessment of more than $ 1 billion, just ten years after its creation.

Belgium finally has its first unicorn technology. We're not talking about a 2.0 children's story version, but instead it's an eye made by Collibra. this Brussels Nugget specializing in data governance It has entered since Tuesday on the very large patio.

The Belgian company has almost become a regular in more seven-digit collection funds.

Recently just raised $ 100 million of CapitalG, an investment fund in which we find the likes of Alphabet, the parent company of Google. In addition to these new investors, the company has also achieved the support of several other players, including Iconic Capital, which is already a shareholder of the company and in which there is a capital of Mark Zuckerberg.

The Belgian company has almost been converted Regular in fundraising with more than seven figures. A year ago, they were not less than 50 million euros that were injected into the company, originally spin-off of the VUB.

But this new contribution probably has a special flavor for the company's managers. With these new money, the company now has more than $ 1 billion capital, only 10 years after its start-up. A symbolic threshold achieved in just one decade, and which gives Collibra the status of the first "unicorn" technology in Belgium.

Flanders did not believe it

This success story was starring mainly for a man: Felix Van de Maele. Once he graduated, he decided to launch Collibra as a spin-off. While some question their lack of experience in the business world, he prefers to emphasize their relationship with the academic world. What to give? "a fresh look and credit"He explained, a few months ago, to our columns.

Ostende de origen, will choose the capital to put their cards and develop their ideas. At this time, the Brussels Region believes in it and agrees to invest in your project. The man had tried for the first time to convince their region of origin, but without success.

Installed between Belgium, the United States, Poland and Great Britain, Collibra sees that its annual turnover grows every year. Last year, it increased by 80%. Last September, the Belgian company was also charged for the second consecutive time in the "Forbes Cloud 100", the ranking of the famous American magazine that took over the most important companies in the world of the sector .

The company has hundreds of customers in all sectors. The company, for example, managed to convince the largest American banks to work there, shortly after the crisis.

today More than 450 people work for the Belgian company. But the group has not finished growing. To guarantee growth, Collibra constantly needs to expand its troops. For 2019, the extension has recruited 200 people.

This is just the beginning

4 questions to Félix van de Maele, CEO of Collibra

1 – Why did you ever need a new money just one year after collecting 50 million?

Actually, we did not need new funds at this time. This is not worse. It is always more interesting to negotiate additional collection funds at a time when they are not essential. We have received several offers. CapitalG & # 39; s was particularly interesting. It made sense to enter them into our capital. Google is today the company that works with the most important data in the world. Your experience will be very useful. Having a name like Google in its shareholders is also useful for notoriety. We want to use this money to continue developing our product and grow quickly.

2 – Why is rapid growth necessary?

We are in a particular market dominated by just a few great players. Today we are one of the market leaders. We have to remain like that. But This requires significant investments to continue developing. Specifically, we plan to hire 200 more people.

3 – You have posted a two-digit growth for several years. Can this evolution last a long time?

Yes, I think we will continue to grow very quickly. Last year, we had a growth of 80%. The previous year, 120%. We are in a market where there is still a great potential. I consider that we are still just a start-up. Therefore, we still have a lot of improvement margin.

4 – Is your Belgian location still important?

Yes, of course. The American market has become one of our priorities. Our headquarters in New York is the one that has more workers than the 450 we have. But Europe and therefore, Belgium is still very important in our development. Our Belgian site is specifically dedicated to development. It is a strategic place for the company and we do not intend to change it.

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