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Security app Dashlane secures $110M in Sequoia Capital-led investment round

Dashlane Inc., which develops an app to automatically fill and store passwords, personal data and payment details, closed a $110 million series D funding round led by private equity and venture capital firm Sequoia Capital.

Existing investors Rho Capital Partners Inc., FirstMark Capital LLC and Bessemer Venture Partners also participated in the round, according to a May 30 news release.

Dashlane will use the investment to enhance its core product, add new capabilities and invest in research and development. Sequoia partner Jim Goetz will join Dashlane's board.

Dashlane also named Joy Howard as chief marketing officer. Howard, who most recently held the same position at ride-hailing app Lyft Inc., will join Dashlane in August.