New Delhi: 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
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In a world dominated by eCommerce, Israeli fraud prevention proves valuable
Israeli cyber startup Forter closes one of the biggest rounds ever in the Israeli ecosystem and triples its valuation - less than six months after joining the Unicorn club Oshry Alkeslasi / 26 May 2021 • 2 min read
Forter, an Israeli cyber startup developing fraud prevention solutions for the eCommerce sphere, announced the closing of one of the biggest funding rounds ever seen in the Israeli high-tech ecosystem. The Series F round, totaling $300 million, was led by Tiger Global Management, with participation from Third Point Ventures and Adage Capital Management, alongside existing investors, including Sequoia Capital, Bessemer Venture Partners, Scale Venture Partners, March Capital, and Salesforce Ventures. The company’s post-money valuation nearly tripled to
Forter, a NYC-based e-commerce fraud prevention company, raised $300m in Series F funding.
The round, which brought the company’s valuation at $3 Billion, was led by Tiger Global Management, with participation from Third Point Ventures and Adage Capital Management and existing investors Bessemer Venture Partners, Sequoia Capital, March Capital, NewView Capital, Salesforce Ventures and Scale Venture Partners.
The company intends to use the funds to continue expanding its global ecosystem.
Led by Michael Reitblat, CEO and co-founder, Forter is a leader in e-commerce fraud prevention, processing over $250 billion in online commerce transactions and protecting more than a billion consumers globally from credit card fraud, account takeover, identity theft and more. The company’s identity-based fraud prevention solution detects fraudulent activity in real-time, throughout all online consumer experiences.