11/12/2022 0 Comments 1password teamsSomething that has resonated with us ever since that first conversation: the team has an unwavering focus on serving its users. One defining quality of 1Password, however, hasn't changed. All the while, the company has doubled headcount every other year and scaled their distributed team to 170+ people. #1PASSWORD TEAMS PASSWORD#They've added numerous features broadening the scope of their product beyond password management, including SCIM Bridge and Advanced Protection. Now, their Enterprise Password Manager (EPM) is used by tens of thousands of businesses (including 40+ in Accel’s portfolio). At the time of that meeting, they were scaling their consumer-focused product and in the process of releasing a business solution. We've watched as their business has evolved tremendously since that first meeting on a chilly, winter afternoon in Toronto. We first met two of 1Password's founders, Dave Teare and Roustem Karimov, and CEO, Jeff Shiner, six years ago. It signals our belief in 1Password’s mission to secure their users’ online footprint and our conviction in the market opportunity this presents. In the process, the team created one of the most passionate and loyal user communities.įor Accel, this is our largest initial investment in any company in our more than 35-year history. Like other bootstrapped companies outside Silicon Valley that we've partnered with, including Atlassian, Tenable, and Qualtrics, 1Password has been profitable since day one. This is 1Password’s first investment after 14 years of tremendous growth. This investment marks a major milestone for both 1Password and Accel. We’re excited to be investing alongside the Slack Fund, Atlassian co-founders Mike Cannon-Brookes & Scott Farquhar, Atlassian president Jay Simons, and several notable angels. We’re thrilled to announce our partnership with 1Password, creators of the world's most loved password manager.ġPassword is trusted by millions of users globally, 50,000+ paying business customers, and 25% of the Fortune 100, including leading enterprises such as IBM, Slack, Pagerduty, Dropbox, GitLab and Roche.
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