Forter raises $300M on a $3B valuation to combat e-commerce fraud
E-commerce is on the rise, but that also means the risk, and occurrence, of e-commerce fraud is, too. Now, Forter, one of the startups building a business to tackle that malicious activity, has closed $300 million in funding a sign both of the size of the issue, and its success in tackling it to date.
The new funding, a Series F, values Forter at $3 billion notable not least because the funding is coming only about six months since Forter’s previous round, a $125 million Series E that valued it at over $1.3 billion.
Forter Doubles Revenue in Last 12 Months; Raises $300M for a $3B Valuation
on May 25 2021 11:15 PM
Driven by the Recent Imperatives of Rapid Digital Transformation, The Largest Retailers Around the Globe Are Now Relying on Forter’s Real-Time Frictionless Fraud & Abuse Prevention Platform to Fuel Growth
NEW YORK (BUSINESS WIRE) Forter, the leader in e-commerce fraud prevention, today announced it has raised $300 million in Series F funding led by Tiger Global Management, with participation from Third Point Ventures and Adage Capital Management. Existing investors also participated including Bessemer Venture Partners, Sequoia Capital, March Capital, NewView Capital, Salesforce Ventures and Scale Venture Partners.
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INDIA New England News
Shiv Sundar
Bengaluru–Leading Android DevOps platform Esper on Thursday announced $30 million in Series B funding led by Scale Venture Partners, with participation from existing investors including Madrona Venture Group, Root Ventures, Ubiquity Ventures, and Haystack.
With the new funding, Esper plans to continue to build out its product portfolio and expand its team in India and the US across verticals.
“Android is the most widely-used operating system in APAC. Enterprises require the right set of tools and processes to scale their edge device deployment and provide quality mobile experiences for their customers,” said Shiv Sundar, COO and Co-founder at Esper that operates out of Bengaluru and Seattle.