investor Accel Partners. It raised a $100 million series B round in July 2021 at a $2 billion valuation.
Firms are charged from $7.99 per user per month, while 1Password's consumer customers pay $2.99 a month for access to the product. The company said it has several million consumer customers but it declined to specify the exact number. The 16-year-old company, which competes with the likes of LastPass and NordPass, said it plans to use the funding to improve its products and hire more staff."We plan to double the size of our team again this year," Shiner said, adding that the company is looking for potential acquisitions.John Curtius, a partner at Tiger Global, said that his firm likes 1Password as it is seizing a major market.
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