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TrustArc secures USD70m led by Bregal Sagemount

TrustArc, a provider of privacy management solutions, has received a USD70 million Series D growth investment led by private equity firm, Bregal Sagemount. 

Existing investors Accel Partners, Baseline Ventures, DAG Ventures, Icon Ventures and Industry Ventures will continue to retain significant stakes in the business. 

“We are very excited to bring on Sagemount as a strategic and financial partner. Given their prior success investing in market-leading, high-growth technology companies, we believe they are the right partner for the next phase of our growth,” says Chris Babel, CEO of TrustArc. “We have been building on our two decades of privacy leadership to design cutting edge technology solutions, and this significant growth investment will allow us to further help enterprises around the world navigate the rapidly evolving data privacy regulatory landscape.”

“Companies are increasingly required to serve as fiduciaries of personal information. Their customers, supply chain partners, and vendors are more likely to provide such data to companies that have the policies and software to manage it properly,” says Daniel Kim, Founding Partner at Bregal Sagemount. “TrustArc’s privacy industry leadership has allowed it to build a unique suite of technology solutions to help companies differentiate themselves in today’s regulatory environment.” 

“TrustArc is at the centre of the rapidly growing privacy tech market which is part of a larger wave of innovation transforming regulatory compliance,” says Andrew Braccia, Partner at Accel Partners. “Together with Sagemount we look forward to working with TrustArc to further enhance its solutions and expand into new markets worldwide.”

Sagemount’s investment was led by Daniel Kim, Arjun Mehta, and William Breskman. TrustArc was advised by DBO Partners, and Fenwick & West provided legal counsel. Goodwin Procter provided legal counsel to Bregal Sagemount. 

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