Usercentrics, a Munich, Germany-based SaaS consent management platform, raised a new multi-million Series A financing.
The round was led by Alstin, with participation from existing investors Cavalry Ventures and Reimann Investors.
The company intends to use the funds to accelerate product development and customer growth.
Founded in late 2017 by Mischa Rürup (prev. founded and sold intelliAd to DHL), Vinzent Ellissen and Lisa Gradow, Usercentrics provides a SaaS based platform that enables companies to collect, manage and document user consent across all digital channels ensuring compliance with international privacy regulations. The technology is already implemented by hundreds of customers, including Fortune 500 companies as Telefonica, T-Mobile and Commerzbank.
With the California Consumer Privacy Act (CCPA) and the Brazil General Data Protection Act (LGPD) becoming effective in 2020, the company plans to expand through strategic partnerships and white-label solutions.
In April, Usercentrics recruited Senior Google Manager Jürgen Weichert to build a global partner program.