German Privacy Startup Usercentrics Announces €17 Million Series B Financing to Help Marketers address Global Data Privacy Challenges RealWire
2020-12-17
Munich, December 17, 2020 - Usercentrics, the Munich-based leader in consent management solutions, secured €17 million ($20.6 million) in a Series B financing round led by premier technology growth equity US-investor Full In Partners. Existing investors Alstin Capital, Reimann Investors, and Cavalry Ventures also decided to participate in the round.
Usercentrics’ software solution enables companies and website operators to obtain, manage and document the valid consent of their visitors for the event of an audit. This is crucial, as the EU-wide General Data Protection Regulation (GDPR) states that user consent is the most common legal basis for the use of web technologies for marketing and advertising purposes.