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1PASSWORD
1Password
Cybersecurity / password and identity management · Toronto · Canada · Founded · 2005 · ≈ · 650 · employees

1Password Funding — Last Valued at $6.8B

Private

1Password has raised $920M across 3 funding rounds. The latest round valued 1Password at $6.8B post-money, with ICONIQ Growth on the lead line.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
1Password funding · at a glance
Total raised, all rounds
$920M
sum of disclosed sizes
Funding rounds
3
priced rounds
Latest round
$6.8B
post-money · Jan 2022
Lead on that event
ICONIQ Growth
with Tiger Global, Lightspeed Venture Partners, Backbone Angels, Salesforce Ventures, Accel and Slack Fund, plus a large group of individual investors; described as the largest round raised by a Canadian company
2022
About 1Password

Led by ICONIQ Growth, 1Password raised $620 million in a Series C round in January 2022, the largest funding round in Canadian history, valuing the company at $6.8 billion. That followed a first outside investment of $200 million from Accel in 2019 and a $100 million round at a $2 billion valuation in 2021.

Funding timeline

The 1Password funding timeline

3 funding rounds, the latest highlighted.

2005
1Password founded

1Password was founded in 2005, Canada.

NOV 2019
Series A

The first outside funding in 1Password's history and, at the time, the largest single investment Accel had made. $200M raised, led by Accel.

Valuation basisAmount$200MPrice / shareLeadAccel
JUL 2021

Reported alongside participation by Shopify and Slack executives. $100M raised, led by Accel.

Valuation basisAmount$100MPrice / shareLeadAccel
JAN 2022LATEST
Series C at $6.8B post-money

With Tiger Global, Lightspeed Venture Partners, Backbone Angels, Salesforce Ventures, Accel and Slack Fund, plus a large group of individual investors; described as the largest round raised by a Canadian company. $620M raised, led by ICONIQ Growth.

Valuation basispost-moneyAmount$620MPrice / shareLeadICONIQ Growth
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

1Password funding rounds in full

3 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Series C LATEST
Jan 2022
$620M
$6.8Bpost-money
—
ICONIQ Growth
with Tiger Global, Lightspeed Venture Partners, Backbone Angels, Salesforce Ventures, Accel and Slack Fund, plus a large group of individual investors; described as the largest round raised by a Canadian company
Series B
Jul 2021
$100M
$2B
—
Accel
reported alongside participation by Shopify and Slack executives
Series A
Nov 2019
$200M
—
—
Accel
the first outside funding in 1Password's history and, at the time, the largest single investment Accel had made
1Password · investors

Investors

IICONIQ GrowthLEADAccelLEADTiger GlobalLightspeed Venture PartnersSalesforce VenturesBBackbone AngelsSSlack Fund

Frequently asked questions

Who has invested in 1Password?›

Lead investors for each round are in the funding timeline.

Who are 1Password's competitors?›

The closest cybersecurity / password and identity management peers are on the competitors page.

How can I get exposure to 1Password?›

The routes section explains what is realistically available for a company at this stage.

Is 1Password publicly traded?›

No. 1Password is a private company; its shares do not trade on a public exchange.

What is 1Password's valuation?›

The last valuation is $6.8B.

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