Dashlane, a popular password manager and all-round identity management solution, has raised another $30 million in funding, the company announced today. The funding – this time a round of debt financing from Hercules Capital – follows prior investment from FirstMark Capital, Rho Ventures, Bessemer Venture Partners, TransUnion and Silicon Valley Bank.
The company is also expanding its board with the addition of Seth Farbman, a former CMO for Spotify and Gap.
Farbman spent nearly four years at Spotify as its Chief Marketing Officer, exiting that position in January 2019. During his time there, Spotify grew to over 200 million monthly actives. He now joins Dashlane as the password management app has topped over 10 million users – a milestone it hit last June. The service