{"id":33256,"date":"2021-07-28T15:17:16","date_gmt":"2021-07-28T19:17:16","guid":{"rendered":"https:\/\/mjtsai.com\/blog\/?p=33256"},"modified":"2021-07-28T15:17:16","modified_gmt":"2021-07-28T19:17:16","slug":"1password-takes-second-round-of-venture-capital","status":"publish","type":"post","link":"https:\/\/mjtsai.com\/blog\/2021\/07\/28\/1password-takes-second-round-of-venture-capital\/","title":{"rendered":"1Password Takes Second Round of Venture Capital"},"content":{"rendered":"<p><a href=\"https:\/\/blog.1password.com\/investing-in-our-future-again\/\">Jeff Shiner<\/a> (<a href=\"https:\/\/twitter.com\/1Password\/status\/1420006805971865624\">tweet<\/a>):<\/p>\n<blockquote cite=\"https:\/\/blog.1password.com\/investing-in-our-future-again\/\"><p>Today <a href=\"https:\/\/www.prnewswire.com\/news-releases\/1password-valued-at-2-billion-in-latest-100m-investment-round-301342079.html\">we&rsquo;re announcing<\/a> a new investment round in 1Password. Our current investor Accel led this round and a number of incredible folks including Ashton Kutcher&rsquo;s Sound Ventures and top executives from Shopify, Slack, Squarespace, Google, Eventbrite, MessageBird and Atlassian also came on board.<\/p>\n<p>[&#8230;]<\/p>\n<p>We&rsquo;ve grown from 177 people to 473 awesome folks. This has allowed us to greatly expand what 1Password can do to help consumers and businesses alike including[&#8230;]<\/p>\n<p>[&#8230;]<\/p>\n<p>Initially I wasn&rsquo;t open to the idea as we&rsquo;re profitable and did not need the money. But investment rounds have some real benefits. They help spread the word that we are an enduring and successful company which attracts both customers and talent. So we gave it further thought and went back to what we valued most from the first round &#x2013; having smart folks invested in our success who can help and guide us. That, and ensuring we could retain full control of our destiny. If we could accomplish the same here then it would truly make sense for us to proceed.<\/p><\/blockquote>\n\n<p><a href=\"https:\/\/techcrunch.com\/2021\/07\/27\/1password-raises-100m-at-a-2b-valuation\/\">Mary Ann Azevedo<\/a>:<\/p>\n<blockquote cite=\"https:\/\/techcrunch.com\/2021\/07\/27\/1password-raises-100m-at-a-2b-valuation\/\">\n<p>[The] company announced that it raised $100 million in a Series B round of funding that doubles the company&rsquo;s valuation to $2 billion.<\/p>\n<p>You may recall that the previously bootstrapped 1Password only raised its first round of external capital in 2019 &#x2013; a $200 million Series A led by Accel that represented the venture firm&rsquo;s largest single investment in its 35-year history.<\/p>\n<p>[&#8230;]<\/p>\n<p>Profitable since day one, 1Password recently crossed the $120 million in ARR (annual recurring revenue) mark, according to CEO Jeff Shiner. Over 90,000 businesses use its SaaS platform[&#8230;]<\/p><\/blockquote>\n\n<p>Previously:<\/p>\n<ul>\n<li><a href=\"https:\/\/mjtsai.com\/blog\/2021\/07\/05\/pdfpen-acquired-for-6-million\/\">PDFpen Acquired for $6 Million<\/a><\/li>\n<li><a href=\"https:\/\/mjtsai.com\/blog\/2021\/06\/02\/stack-overflow-acquired-by-prosus\/\">Stack Overflow Acquired by Prosus<\/a><\/li>\n<li><a href=\"https:\/\/mjtsai.com\/blog\/2019\/11\/15\/1password-takes-accel-investment\/\">1Password Takes Accel Investment<\/a><\/li>\n<li><a href=\"https:\/\/mjtsai.com\/blog\/2019\/03\/14\/sketch-takes-venture-capital\/\">Sketch Takes Venture Capital<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Jeff Shiner (tweet): Today we&rsquo;re announcing a new investment round in 1Password. Our current investor Accel led this round and a number of incredible folks including Ashton Kutcher&rsquo;s Sound Ventures and top executives from Shopify, Slack, Squarespace, Google, Eventbrite, MessageBird and Atlassian also came on board. [&#8230;] We&rsquo;ve grown from 177 people to 473 awesome [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"2021-07-28T19:17:21Z","apple_news_api_id":"63855f97-858e-436a-864d-f1fda75fc338","apple_news_api_modified_at":"2021-07-28T19:17:21Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/AY4Vfl4WOQ2qGTfH9p1_DOA","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[2],"tags":[284,101,31,1837,26,30,32,1891],"class_list":["post-33256","post","type-post","status-publish","format-standard","hentry","category-technology","tag-1password","tag-business","tag-ios","tag-ios-14","tag-iosapp","tag-mac","tag-macapp","tag-macos-11-0"],"apple_news_notices":[],"_links":{"self":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts\/33256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/comments?post=33256"}],"version-history":[{"count":1,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts\/33256\/revisions"}],"predecessor-version":[{"id":33257,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts\/33256\/revisions\/33257"}],"wp:attachment":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/media?parent=33256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/categories?post=33256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/tags?post=33256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}