# 1Password

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/1password

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.1password.com
- Total disclosed funding: $920M
- Latest round: Series C (Jan 19, 2022)
- Investors on record: 10

## About

Founded in 2005 and based in Toronto, Canada, AgileBits Inc., doing business as 1Password, is an enterprise password management (EPM) company intended to provide security and privacy for documents, credit card information, and addresses. The company was co-founded by Dave Teare, Natalia Karimov, Roustem Karimov, and Sara Teare, and Jeff Shiner has been its CEO since 2012. In October 2025, Halo Fund and Flume Ventures acquired a stake in 1Password from the company's management for USD 100 million. The secondary stock purchase values 1Password at USD 6.8 billion post-money. David Faugno is the current CEO.
 
The company offers password management software that provides business users with a safe place to share passwords, credit cards, and documents. The company's platform also provides firewall rules and sign-in attempts reports to keep the information secure with AES 256-bit encryption.
 
The company generates revenue through its software subscription packages for personal and family and for team and business (team starter pack, business, and enterprise).
 
1Password plans to use the funding to accelerate its growth and leadership in identity security for the AI era.

## Funding rounds

- Series C, Jan 19, 2022, $620M — Accel, Lightspeed Venture Partners, Tiger Global Management, ICONIQ Capital, Salesforce Ventures, Backbone
- Series B, May 5, 2021, $100M — Accel, Sound Ventures, Skip Capital
- Series A, Nov 14, 2019, $200M — Accel, Slack Fund, WndrCo

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B, Series C
- Slack Fund (https://capitalatlas.ai/funds/slack-fund) — Series A
- WndrCo (https://capitalatlas.ai/funds/wndrco) — Series A
- Sound Ventures (https://capitalatlas.ai/funds/sound-ventures) — Series B
- Skip Capital (https://capitalatlas.ai/funds/skip-capital) — Series B
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series C
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C
- ICONIQ Capital (https://capitalatlas.ai/funds/iconiq-capital) — Series C
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series C
- Backbone (https://capitalatlas.ai/funds/backbone) — Series C