Didomi, a French startup that offers a privacy atozmp3 and consent management platform, has recently announced that it has raised $40 million in a series B funding round. The funding round was led by Elephant and Breega, and it included participation from existing investors like Partech, Bpifrance, and Edenred Capital Partners. The funding will be used to expand the company’s platform and grow its international presence.
Didomi’s platform is designed to help businesses toonily manage their data privacy and consent obligations. The platform enables businesses to collect and manage user consent for data processing and track consent over time. It also includes a suite of tools for creating and managing privacy policies and cookie banners, as well as features for managing data subject access requests and data breaches.
With data privacy becoming an increasingly important issue for businesses, particularly in light of recent data breaches and regulatory developments like GDPR and CCPA, the demand for tools like Didomi’s platform has grown significantly in recent years. The company’s platform is used by a wide range of businesses, including publishers, e-commerce sites, and marketing agencies.
The new funding round will masstamilanfree enable Didomi to expand its platform and grow its international presence. The company plans to use the funding to develop new features and capabilities for its platform, as well as to expand its sales and marketing efforts in key markets around the world.
Didomi’s CEO, Romain Gauthier, said in a statement, “We are very excited to have Elephant and Breega on board for this new phase of growth. Their experience and knowledge of the market will be invaluable as we continue to expand our platform and grow our international presence. We believe that privacy and consent management is a critical issue for businesses today, and we are committed to providing the best tools and solutions to help them meet their obligations.”
The funding round is a significant milestone for Didomi and for the broader data privacy and consent management market. With businesses facing masstamilan increasing pressure to comply with data privacy regulations and protect their users’ data, the demand for tools like Didomi’s platform is only expected to grow in the coming years.
According to a recent report by MarketsandMarkets, the global consent management market is expected to grow from $317 million in 2020 to $765 million by 2025, at a compound annual growth rate of 19.4%.
Didomi is well-positioned to take justprintcard advantage of this growth, thanks to its robust platform and strong track record of success. With the new funding, the company will be able to continue to innovate and expand its platform, helping businesses around the world meet their data privacy and consent obligations.