Toronto-based 1Password is one of those rare companies that is a) profitable and b) transparent enough to share financials.
And today, the company announced that it raised $100 million in a Series B round of funding that doubles the company’s valuation to $2 billion.
You may recall that the previously bootstrapped 1Password only raised its first round of external capital in 2019 – a $200 million Series A led by Accel that represented the venture firm’s largest single investment in its 35-year history. At the time, 1Password was hardly a startup, having been founded in 2005.Â
Accel also led its latest round, which notably …
