Dashlane raises $110M in Series D funding, names Lyft's Howard as new CMO

May 31, 2019

Dashlane, one of the nation’s largest password management firms, has named Joy Howard, chief marketing officer at Lyft, as its new CMO, according to a press release.

Howard will leave Lyft in August to step into her new role at Dashlane, where she will oversee global marketing efforts and all policy-related initiatives, according to a company press release.

In the same press release, the company announced that it has closed a $110 million Series D funding round led by Sequoia Capital. The funding will be used to enhance Dashlane's core identity management product, add new capabilities to the product and build "a category-defining brand," the company said.

"With this new capital and the addition of Joy to our leadership team, we have the resources to increase our product leadership, grow the team and build the brand that will define the future of digital identity protection," CEO Emmanuel Schalit said in the release.

Besides Sequoia, existing investors participating in the funding round included Rho Ventures, FirstMark Capital and Bessemer Venture Partners. Jim Goetz of Sequoia will join the Dashlane board of directors as part of the new funding agreement.

To date, Dashlane has raised more than $185 million in funding.

Topics: Security

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