OneTrust hauled in $150 million a year after laying off 950 employees but had to slash its valuation by $800 million to seal the deal. The Atlanta-based company
OneTrust has been raising money by the bushel since it was founded in 2016, raising a $200 million Series A in July 2019, a $210 million Series B in February 2020, and a $300 million Series C in December 2020. The round was led by Generation Investment Management, which is former vice president Al Gore's firm, with participation from Sands Capital, an existing investor. "We are thrilled that such a well-established firm such as Generation Investment Management believes in our vision, business strategy and our ability to execute as evidenced by doubling our ARR to $400 million and reaching our free cash flow milestones since our last funding round,” he told TechCrunch.
OneTrust hauled in $150 million a year after laying off 950 employees but had to slash its valuation by $800 million to seal the deal. The Atlanta-based company