Georgian leads $60m Series B financing extension for Island

Georgian’s investment extends Island’s previously announced Series B round, led by Insight Partners.

  • The Island Enterprise Browser enables organizations to protect users and data at the point where they interact with SaaS and internal web applications
  • Georgian’s investment reaffirms Island’s $1.3 billion valuation and brings the total funds raised by the company to more than $250 million
  • In addition to funding, Georgian will contribute data science expertise

Island, a Dallas-based provider of a secure web browser for enterprises, has raised $60 million in a Series B financing extension. The investor was Georgian, a Canadian growth equity firm.

Georgian’s investment extends Island’s previously announced Series B round, led by existing investor Insight Partners, with participation from Stripes and Sequoia, as well as strategic investor Cisco Investments.

Georgian’s investment reaffirms Island’s $1.3 billion valuation and brings the total funds raised by the company to more than $250 million.

The Island Enterprise Browser enables organizations to protect users and data at the point where they interact with SaaS and internal web applications. Using The Island Enterprise Browser, security teams fully control the last mile, from basic protections such as copy, paste, download, upload, and screenshot capture, to more advanced security demands such as data redaction, watermarking and multi-factor authentication insertion.

In addition to funding, Georgian will contribute data science expertise to further accelerate the security and productivity functionality of the Island Enterprise Browser.

“The Island Enterprise Browser is helping some of the world’s largest companies improve both enterprise security and user experience,” said Steve Leightell, a lead investor at Georgian in a statement. “Island is leading one of the biggest enterprise software replacement cycles that we’ve seen. Their experienced team is uniquely built to ensure Island becomes the enterprise browser of choice. We’re thrilled to be on the journey with them.”

Based in Toronto, Georgian invests in high-growth software companies.