Dashlane raises $110 million, hires Lyft CMO Joy Howard
Password management app and secure digital wallet provider Dashlane completed a $110 million Series D funding round led by Sequoia Capital. It also hired Lyft’s chief marketing officer, Joy Howard, to take the same role at Dashlane.
As part of the new funding round, Jim Goetz, a partner at Sequoia Capital, is joining Dashlane’s board of directors. Also in the funding round were existing investors Rho Ventures, First Mark Capital and Bessemer Venture Partners, according to Dashlane’s press release. The newly raised funds will be used to enhance Dashlane's core product, add new capabilities to better address the growing needs of consumers and businesses, as well as build out the brand.
To further establish Dashlane as a leading password manager and secure digital wallet solution, the company announced it has hired Lyft's chief marketing officer, Joy Howard.
Lyft hired Howard in October, after Howard left the chief marketing officer position at Sonos, according to Lyft’s blog. Howard joined Lyft after Mellissa Waters departed the chief marketing officer role at Lyft after two years at the company, according to a Wall Street Journal article. Howard will transition out of her role at Lyft and formally join Dashlane in August.
According to Crunchbase, a website that tracks investments in private fintechs, Dashlane has raised $210 million in debt and equity financing over eight funding rounds since 2011.