Detected secures £600k in seed funding led by EmergeVest for product development and expansion.
The £600k seed round was led by EmergeVest and closed within 72 hours.
Detected provides modular business onboarding infrastructure designed to help payment companies and marketplace operators manage compliance and risk. The company operates from offices in London and New York.
RegTech firm Detected has secured £600k in a seed round led by EmergeVest. The capital will support ongoing product development and international expansion as the firm prepares to launch its platform.
The financing closed within 72 hours of opening and follows a £250k pre-seed round completed in September. Trustpilot chief product and technology officer Stephen Garland joined the advisory board alongside several high-profile angel investors.
From the founder
"B2B e-commerce is growing and – in such a dynamic market – automation and efficiency are becoming crucial to the buyer’s journey. The question is how to build layers of trust into this. Detected offers a scalable and pragmatic solution, in a very real and growing area of concern for many businesses. I’m excited to have invested and look forward to supporting Liam and his high-calibre team on this important journey."
Stephen Garland
former Chief Technology and Product Officer of TrustPilot at Detected
Investor perspective
"EmergeVest is delighted to take the lead investor role at this stage of development of Detected. We view prevention of online fraud as an extremely serious issue and believe Detected has an exciting and disruptive approach that will get widespread market adoption."
Heath Zarin
Founder and CEO, EmergeVest
Use of funds
- 01Continue product development
- 02Expand into international markets