Egress Software Technologies Ltd’s $40 Million Round Funding

Kirkland & Ellis represented US-based private equity firm FTV Capital on the deal

Egress, a leading provider of data privacy and compliance software designed to secure unstructured data, today announced it has raised $40m in a Series C financing round led by FTV Capital, with continued participation from existing backer AlbionVC. Egress will use this investment to build on its ongoing rapid growth in Europe and North America, as well as accelerate development of new technology across its data security platform.

A market leader in privacy and risk management, Egress helps enterprises protect unstructured data to meet compliance requirements and drive business productivity. The company’s AI-powered platform enables users to control and secure the data they share in line with evolving compliance regulations, including GDPR, the NYDFS Cybersecurity Regulation (23 NYCRR 500), and the recently-passed California Consumer Privacy Act. Since raising $3.6m in Series A funding in February 2014, Egress has grown ARR by 9x, acquired over 2,000 customers and now supports more than five million users globally.

The Kirkland team was led by London-based corporate partners Gavin Gordon (Picture) and Jacob Traff and associate Simmy Sanghera, and tax partners Dulcie Daly and Jan Hobbs.

Involved fees earner: Dulcie Daly – Kirkland & Ellis; Gavin Gordon – Kirkland & Ellis; Jan Hobbs – Kirkland & Ellis; Simmy Sanghera – Kirkland & Ellis; Jacob Traff – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: FTV Capital;