Investors in this week’s DealBook reflect several platforms raising large amounts of capital to fund their product expansions. Most notably, YouSign raised EUR 30 million
Safety First: Weekly Dealbook for 5/13/2021
This week’s deals reflect a rising investor appetite in cybersecurity solutions across different industries. Arkose Labs’s whopping $70 million Series C funding round highlights the bunch, reflecting a rising market interest in fraud and abuse prevention solutions. The $25 million investment from Moody’s (NYSE: MCO) and Team8 in VisibleRisk speaks to corporate cyber risk assessment. The acquisition of Hannover-based stashcat by Secunet (ETR: YSN) focuses on secure messaging and video conferencing.
Top Deals This Week
A joint venture between Moody’s and Team8 focused on the creation of a standard cyber risk rating. VisibleRisk establishes a common way for business executives to understand and manage their cyber risk exposure by focusing on financial metrics and benchmarking.
Moody’s Corporation (NYSE: MCO) and Team8, a global venture group, announced on May 12, 2021, the completion of a $25 million investment in VisibleRisk. Additionally, VisibleRisk announced the launch of a Cyber Rating product, building on the collaboration between Moody’s and Team8 to develop a global standard for assessing corporate cyber risk.
Provider of online fraud and abuse prevention platform designed to solve fraud problems for targeted businesses with zero friction. The company's platform uses a bilateral approach that combines global telemetry and a dynamic feedback loop which permits users to validate suspicious traffic and to train against serving enforcement to legitimate users, enabling businesses to eliminate the needless complexity of mitigation strategies and authenticate identities across all customer touchpoints with zero friction.
The company raised a $70 million Series C funding round led by SoftBank Vision Fund 2 on May 11, 2021, with additional participation from Wells Fargo Strategic Capital and previous investors M12 and PayPal Ventures, bringing the total funding to $114 million to date.
Operator of an accounting data platform intended to provide a single connection to all major accounting service providers. The company's platform collects accounting data on customers in real-time through a front-end module that optimizes conversion rates, enabling clients to have access to financial transactions, analytics, insights, and reports on their customers.
The company raised CAD 12 million of Series A venture funding in a deal led by Nyca Partners on May 6, 2021. Seven other investors also participated in the round. The funds will be used to expand the company's efforts by continuing to build out its sales and engineering teams.
Founded in 2016, M12 is a corporate venture arm of Microsoft based in San Francisco, California. The firm prefers to invest in early-stage B2B companies, with a focus on companies in cloud computing and emerging tech.
Active Portfolio - 95
Investments (TTM) - 43
Med. Round Amount - $21.00M
Med. Valuation - $106.20M
# of Exits - 26
Secunet Security Networks AG is an IT and telecommunications security provider. It offers consulting services, products, and solutions in the field of IT and telecommunication security. It focuses on automotive security, awareness, biometrics, cloud security compliance, cyber security, e-government topics and solutions. The company is listed in the Prime Standard segment of the Frankfurt Stock Exchange and generated revenues of around 285 million euros in 2020.
Secunet has signed an agreement to acquire Hannover-based stashcat GmbH. stashcat enables secure, DSGVO-compliant messaging with integrated file storage and video conferencing functionality. According to Secunet, more than one million users already use stashcat.
Investors in this week’s DealBook are fundraising for platform and product expansion. Most notably, Trulioo raised $394 million of Series D to increase its chunk
Investors in this week’s dealbook reflect an interest in expanding authentication services by acquiring multiple behavioral biometrics players. Most notably, Prove acquired UnifyID for an
Investors in this week’s deals are focused on expanding payment fraud prevention and API protection. Most notably, Forter raised $300 million of Series F venture
Investments in this week’s deals show rapid market growth in financial industry fraud platforms. Stripe acquired Bouncer for an undisclosed amount as the company continues
This week’s deals reflect a rising investor appetite in cybersecurity solutions across industries. Arkose Labs’s whopping $70 million Series C funding round highlights the bunch,