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Bessemer backs $22m Series B for password, digital wallet manager Dashlane

19 May 2014

walletBessemer Venture Partners has led a $22m Series B financing round for password and digital wallet manager Dashlane.

Rho Ventures, FirstMark Capital and original Dashlane founder Bernard Liautaud also took part in the round, which saw Bessemer partner Alex Ferrara join the company’s board.

He said, “Dashlane is pioneering a new category of consumer security software; helping people take back control of identity and payments information on the web.

“As consumers put more of their lives and the lives of their loved ones online, they face greater risk of losing that information to hackers.

“Dashlane is the best way to securely store passwords, credit cards, and other sensitive information on the web.”

The company allows its users to manage passwords, credit cards, IDs, notes and other important information securely via advanced encryption and local data storage.

Other features include automatic password generation, a security dashboard for assessing password health, and click-only checkout on every website and every device.

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