1Password Revenue and Growth Statistics (2023)

Key 1Password user stats. Includes data on 1Password's revenue, valuation, number of users, number of employees, and more.
1Password Revenue and Growth Statistics (2023)
Last updated on:
November 7, 2022

1Password Key Facts

  • 1Password recently reported a milestone revenue of $150 million.
  • 1Password's recent valuation rocketed to $6.8 billion.
  • 1Password has raised a total of $920.1M in funding over 3 rounds. Their latest funding was raised on Jan 19, 2022, from a Series C round.
  • 1Password is funded by 36 investors. Matthew McConaughey and Lightspeed Venture Partners are the most recent investors.
  • 1Password has acquired 2 organizations. Their most recent acquisition was Passage on Nov 3, 2022.
  • +1Password users climbed to 15 million+ in the third quarter of 2022.
  • More than 100,000 companies/businesses use 1Password for their password management.
  • 1Password services about 7% of the password management industry’s total number of users.
  • 1Password's hiring spree reaches 811 employees in 2022.
  • 1Password apps and 1Password.com are available in 11 languages.
  • The largest age group of 1password users is between 25 to 34-year-olds.
  • It is believed that there are 1,500,000,000 passwords in the 1Passwords DB.

Source: Crunchbase, Getlatka, VentureBeat, Zoom Info, Betakit,  Crunchbase, Techcrunch, VentureBeat, 1Password

1Password Overview

1Password, the password managing tool was founded in 2006. Today we're going to look at an overview of 1Password as an tool & company. Join us!

Key StatKey Info
Initial Release DateJune 18, 2006
DeveloperAgileBits Inc.
FoundersDave Teare, Natalia Karimov, Roustem Karimov, Sara Teare
Stable Release VersionWindows, macOS, Linux, Android, iOS, Web app, Browser extension, CLI, SCIM Bridge
Supported PlatformAndroid, ChromeOS, iOS, Linux, macOS, Windows, Safari, Edge, Firefox, Brave and Chrome
TypePassword manager
LicenseSoftware as a service
URLhttps://1password.com/

Source: Crunchbase, Getlatka, VentureBeat, Zoom Info, Betakit,  Crunchbase, Techcrunch, VentureBeat, 1Password

1Password Revenue

1Password recently reported a milestone revenue of $150 million.

YearRevenue
2022$150 million
2021$120 million
2020$78 million
2019$69 Million

Look at the table above to see how 1Password's revenue went higher with each new year.

In the 2021-2022 period, 1Password managed to raise $30 million new revenue.

Source: Crunchbase, Getlatka, VentureBeat, Zoom Info

1Password Valuation

1Password's recent valuation rocketed to $6.8 billion (2022).

YearValuation
2022$6.8 billion
2021$2 billion

So far, we're aware of two official 1Password valuations. Aside from 2022's valuation, you can see how 1Password was worth $2 billion in 2021.

In 2022, 1Password was worth $4 billion more than the year before!

Source: Crunchbase, CNBC

1Password funding

1Password has raised a total of $920.1M in funding over 3 rounds. Their latest funding was raised on Jan 19, 2022, from a Series C round.

Announced DateTransaction NameNumber of InvestorsMoney RaisedLead Investors
Jan 19, 2022Series C - 1Password20$620MICONIQ Growth
Jul 27, 2021Series B - 1Password13$100.1MAccel
Nov 14, 2019Series A - 1Password8$200MAccel

The first 1Password funding round that we're aware of was in 2019, and the latest one was in 2022.

Source: Crunchbase

1Password Investors

1Password is funded by 36 investors. Matthew McConaughey and Lightspeed Venture Partners are the most recent investors.

Investor NameFunding RoundPartners
Matthew McConaugheySeries C - 1Password
Lightspeed Venture PartnersSeries C - 1Password
Ashton KutcherSeries C - 1Password
Scarlett JohanssonSeries C - 1Password
Tiger Global ManagementSeries C - 1PasswordJohn Curtius
Justin TimberlakeSeries C - 1Password
Pharrell WilliamsSeries C - 1Password
Mary BarraSeries C - 1Password
Backbone AngelsSeries C - 1Password
Ryan ReynoldsSeries C - 1Password

Note how there are a few singers in the list of 1Password's investors as well, including very popular names like Justin Timberlake and Pharrell Williams!

Source: Crunchbase

1Password Acquisitions

1Password has acquired 2 organizations. Their most recent acquisition was Passage on Nov 3, 2022.

Acquiree NameAnnounced DateTransaction Name
PassageNov 3, 2022Passage acquired by 1Password
SecretHubApr 13, 2021SecretHub acquired by 1Password

The two companies that 1Password has acquired are Passage and SecretHub.

Source: Crunchbase

How many people use 1Password? (Number of users)

1Password users climbed to 15 million+ in the third quarter of 2022.

YearNumber of Users
202215 million+ users
202113.5 million users
202011 million users
201910 million users
20188.2 million users

Ever since 2018, every new year at 1Password meant at least 1 million new users.

Source: 1Password

How many passwords are in 1Password? (Number of passwords in 1Password DB)

  • According to report, the average internet user has close to 100 password-protected online accounts.
  • It is believed that there are 1,500,000,000 passwords in the 1Passwords DB.
YearNumber of UsersNumber of passwords in 1Password DB
202215 million+ users1,500,000,000 passwords
202113.5 million users1,350,000,000 passwords
202011 million users1,100,000,000 passwords
201910 million users1,000,000,000 passwords
20188.2 million users820,000,000 passwords

Source: 1Password, Tech.co

What apps and devices are compatible with 1Password?

Every popular web browser and operating system works perfectly with 1Password.

See the list of apps and devices compatible with 1Password in this table:

Apps and DevicesCompatible
Chrome, ChromeOSYes
FirefoxYes
SafariYes
EdgeYes
iOSYes
AndroidYes
Windows PCYes
macOSYes
LinuxYes

These are the most popular names for web browsers and operating systems.

Fun fact: You're most probably a user of at least two of those.

Source: Zapier

How many companies use 1Password?

More than 100,000 companies/businesses use 1Password for their password management.

YearNumber of Companies
2022100,000+ companies
202190,000 companies
202050,500+ companies
201947,000 companies
201840,000 companies

With each new year afte r2018, ther ehave been at least 3 million new companies joining the use of 1Password.

Source: Betakit,  Crunchbase, Techcrunch, VentureBeat

What is 1Password's market share in the password management market?

1Password services about 7% of the password management industry’s total number of users.

While this may not sound like a big number, we have to remember how many users (individuals and companies) are on 1Password.

With that being said, we can only think of how large the password management industry really is!

How many users does 1Password have by country in 2022?

Most of 1Password’s customers come from the United States, with the country capturing 70% of the platform’s total user base.

CountryPercentage of UsersNumber of Users
United States70%10,500,000 users
Canada8%1,200,000 users
United Kingdom5%750,000 users
Netherland1%150,000 users
Spain1%150,000 users
Czech Republic1%150,000 users
Switzerland1%150,000 users
Malaysia1%150,000 users
Others12%1,800,000 users

Followed by the United States, there are 1,2 million users in Canada, with 8% of the total users of 1Password.

Source: Enlyft

Top Industries that use 1Password

Computer Software (17%), Information Technology and Services (11%), and Internet (10%) are the largest industries using 1Password.

The table below shows you the industries and the percentage of users of 1Password.

Industries% Users
Computer Software17%
Information Technology Service11%
Internet10%
Financial Service4%
Marketing and Advertising4%
Real Estate3%
Health, Wellness, and Fitness3%
Hospitality2%
Design2%
Transportation2%
Others42%

Source: Enlyft

How many people work at 1Password?

1Password's hiring spree reaches 811 employees in 2022.

YearNumber of Employees
2022811 employees
2021570 employees
2020200+ employees
2019174 employees

Source: Crunchbase, Growjo, CNBC, Techcrunch

Who founded 1Password?

Dave Teare, Natalia Karimov, Roustem Karimov, and Sara Teare co-founded 1password in 2006.

Source: 1Password

How does 1Password make money?

1Password makes money through its subscription packages which usually have a free trial period. There are up to 5 different subscription packages:

  • 1Password Individual
  • 1Password Families
  • Teams Starter Pack
  • Business
  • Enterprise

1Password subscription plans and pricing

There are 5 pricing plans at 1Password. Below you can see a breakdown of all the pricing plans on 1Password.

Categories1PasswordFeatures
Individual$2.99/month (billed annually)Single user, access to all apps
Family$4.99/month (billed annually); up to 5 usersMultiple users, unlimited sharing between them, management dashboard
Teams$19.95/month for up to 10 users (billed annually)The above, plus the admin dashboard and user management
Business$7.99/user/month (billed annually)The above, plus dedicated customer support, advanced reporting, and advanced security policies
EnterpriseCustom pricingCan be customized to specific business needs

You get to choose which 1Password subscription you need based on which one suits you and your needs best.

Source: Zapier

Does 1Password support integrations of another app?

1Password doesn't currently support third-party integrations.

Source: 1Password

Who are 1Password users? (1Password users demographics)

1Password audience by gender

Male users account for 68.36% of the total 1Password user population. The remaining 31.64% is held by their female counterpart.

GenderPercentage
Male68.36%
Female31.64%

Source: Similar Web

1Password audience by age

The largest age group of 1password users is between 25 to 34-year-olds.

Age GroupPercentage
18 - 2418.55%
25 - 3434.61%
35 - 4422.69%
45 - 5412.76%
55 - 646.99%
65+4.40%

Source: Similar Web

How many countries is 1Password available in?

1Password is available and accessible worldwide. 1Password is available in every country.

Source: 1Password

How many languages does 1Password have?

1Password apps and 1Password.com are available in 11 languages:

  • English
  • Français
  • Deutsch
  • Italiano
  • 日本語 (Japanese)
  • 한국어 (Korean)
  • Português
  • Русский
  • Español
  • 简化字 (Chinese)
  • 繁體字 (Traditional Chinese)

Source: 1Password

What is the monthly active users (MAU) count on 1Password?

1Password receives more than 6.1 million monthly active users.

Source: Semrush

How many app downloads does 1Password have?

1Password has more than 100,000 Android downloads.

Source: Play Google

1Password top web visitors’ countries by the device used to access the 1Password  in 2022

Most of 1Password.com's visitors come from the United States and the United Kingdom. The list below shows the most popular countries:

CountryPercentageAll devicesDesktopMobile
United States58%3.5M63.34%36.66%
United Kingdom7%433.9K68.39%31.61%
Germany3%205.1K92.42%7.58%
Canada3%155.1K90.72%9.28%
Australia2%128.8K100%0%

Source: Semrush

1Password traffic and engagement analysis in 2022

What are 1Password top marketing channels

The top traffic source to 1Password.com is direct traffic, driving 75.62% of desktop visits last month, and search is the 2nd with 20.01% of traffic.

marketing channelsDistribution
Direct75.62%
Referrals2.77%
Search20.01%
Social media0.40%
Mail0.29%
Display0.92%

Source: Similar Web

Social media traffic to 1Password

1Password.com gets most of its social media traffic from YouTube, followed by Reddit and Facebook.

Social MediaDistribution
YouTube36.93%
Reddit23.81%
Facebook12.74%
Twitter8.25%
LinkedIn7.62%
Others10.65%

YouTube carries almost 37% of the total social media traffic driven to 1Password, being the most popular one on the list.

Source: Similar Web

What is the average time spent on 1password.com by users

The average time spent on 1Password.com is 14 minutes.

Source: Semrush

FAQs about 1Password

  • Does 1Password work without Internet?

With a 1Password membership, you can access all your passwords and other items from any of your devices, whether you're online or offline.

  • Does 1Password sync between devices?

1Password makes it easy. You can add the 1Password app to Mac, Windows, and Linux operating systems as well as iOS and Android devices to sync passwords on phones, tablets, and computers.

  • How many devices can I install 1Password on?

There's no limit to the number of devices where you can use 1Password. Install it on all your computers and mobile devices to always have your information with you. After everything is in sync, it'll be available even if you need to go offline for a bit.

  • Can you export all passwords from 1Password?

Yes, Open and log in to your 1Password application. Select File → Export → All Items. Enter your Master Password. Choose the file name, and location, select Include Column Labels and export file format (CSV), and click Save.

  • What happens when you stop paying for 1Password?

1Password subscriptions may be canceled at any time. Your account will remain active until the end of the current billing period, then your account will be frozen. To unfreeze your account, reactivate your subscription. If you cancel during your trial period, you won't be charged.

  • Can you still use 1Password without a subscription?

You have the choice of a subscription or a license for 1PW7. However, for reasons related to the way the App Store works, 1PW7 from the App Store is subscription only, and if you want a license you have to get 1PW direct from AgileBits. It is a paid upgrade if you don't have a subscription.

  • Is 1Password cloud-based?

No, you can access 1Password entirely from the web as a Cloud service (SaaS) using the 1Password.com website.

  • How many passwords can you store in 1Password?

There is no limit to how many accounts you can have on your 1Password team either.

  • Does 1Password keep password history?

1Password saves previous versions of items every time you make changes, so you can see previously used passwords or even undo your changes.

FAQs

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About the author

Ch Daniel is the co-founder of SignHouse and chairman of the CH Group. Daniel is leading the development of SignHouse's product, as well as strategising how else the company can reach its main mission: empowering 100M+ to use the world's most efficient document organisational tools.

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