A data privacy and governance software provider.
ActiveNav is a data privacy and governance software provider. With the steady stream of high-profile corporate data breaches, and revelations of monetisation of personal data, consumers are increasingly concerned about how their personal information is being captured, shared, stored and deleted. The strengthening of global data privacy regulations such as Europe's General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) in the United States reflects this societal change - with corporate data governance under increasing regulatory scrutiny. After extensive reviews of the vendor landscape, Active Navigation stood-out as a clear leader with remarkable product innovation, an experienced management team and an impressive list of customers.
Mobeus led a $11 million funding round. This investment follows a period of strong growth, with ActiveNav adding some of the world’s best-known brands such as BAE Systems, the United States Marine Corps and Voya Financial to its customer portfolio.
The ScaleUp Group, a network of experienced tech entrepreneurs, was also an important partner in helping to secure the growth funding. They provided expert guidance to ActiveNav’s management team as they fielded multiple offers and financing types.
Active Navigation will use the funds to accelerate the development of its new privacy-oriented SaaS product, scale operations and continue to expand internationally. Active also plans to open offices in New York and Los Angeles, increase head-count and expand its network of technology and services partners. We look forward to working with the team to further foster their growth trajectory and cement their position as a frontrunner in the rapidly growing data privacy market.
“Consumers are demanding better protection of their personal information. As a result, there is a pressing need for companies to prioritise data privacy in all their business operations. Active Navigation has an exciting opportunity in front of it, which was the catalyst for this infusion of capital. This investment will help us to advance product development and scale rapidly to support our customers with data mapping, data minimisation and regulatory compliance.”
Peter Baumann, Active Navigation's CEO