What is 1Password?
1Password is recognized globally as a leading password manager, distinguished by its robust security architecture and user-centric design. The company offers comprehensive password management solutions tailored for both individual consumers and enterprise clients, aiming to provide a private, secure, and intuitive experience. Headquartered in Toronto, Ontario, 1Password addresses the critical need for secure credential management in an increasingly digital world, safeguarding users against the growing threat of cyberattacks.
How much funding has 1Password raised?
1Password has raised a total of $920M across 3 funding rounds:
Series A
$200M
Series B
$100M
Series C
$620M
Series A (2019): $200M with participation from Accel
Series B (2021): $100M led by Accel
Series C (2022): $620M supported by Tiger Global, Backbone Angels, Lightspeed Venture Partners, and ICONIQ Growth
Key Investors in 1Password
Backbone Angels
Backbone Angels is a collective of women in tech focused on funding and empowering overlooked founders and businesses. They provide capital and extensive expertise to forward-thinking founders solving problems in scalable ways.
Lightspeed Venture Partners
Lightspeed Venture Partners is a global, multistage venture capital firm investing in early and growth-stage technology companies across various sectors, including enterprise software and consumer tech.
ICONIQ Growth
ICONIQ Growth partners with exceptional entrepreneurs driving global impact, focusing on companies with enduring cultures from early growth stages through IPO. They leverage a unique investment platform and ecosystem to amplify portfolio company success.
What's next for 1Password?
The recent major enterprise-level funding and strategic investment signal a strong trajectory for 1Password. This capital infusion is expected to fuel product development, enhance security features, and expand market reach. With a clear focus on innovation and user experience, 1Password is poised to strengthen its leadership position in the password management industry, potentially exploring new avenues for growth and strategic partnerships to further solidify its market presence.
See full 1Password company page
