The CapitalG-led round valued the data governance software producer at more than $1bn and increased its total funding to $233m.

CapitalG, the growth equity arm of internet and technology conglomerate Alphabet, led a $100m series E round yesterday for US-based data governance and catalogue software provider Collibra.

Multi-family office Iconiq Capital and venture capital firms Index Ventures, Dawn Capital and Battery Ventures all participated in the round, which values the company at more than $1bn.

Founded in Belgium in 2008, Collibra has developed cloud software that helps companies organise and use the data they collect in manner that meets compliance…