Privitar raises $7 mn led by HSBC

Privitar, a data privacy platform provider, has raised $7 million in its Series C growth round led by HSBC.
Privitar CEOPrivitar has raised $87 million to date.

HSBC is expanding its strategic relationship with Privitar, becoming a shareholder after four years as a customer, and emphasizing the importance of the data privacy platform in the bank.

Rakshit Kapoor, group chief data officer of HSBC, said: “Our investment reflects the value we place on Privitar’s robust approach to data privacy and management.”

HSBC joins a group of Privitar investors, including Warburg Pincus, Accel, Partech, IQ Capital, Salesforce Ventures, Citi and ABN AMRO Ventures.