Featurespace secures £25m from Insight Venture Partners and MissionOG to drive international growth.
Insight Venture Partners and MissionOG led the £25m funding round.
Featurespace provides adaptive behavioural analytics software designed for fraud detection and risk management. The firm works with major financial institutions and payment processors worldwide.
Featurespace has secured £25m in a funding round led by Insight Venture Partners and MissionOG to accelerate its international expansion and product development.
The investment also saw participation from existing backers including IP Group, Highland Europe, TTV Capital, Robert Sansom, and Invoke Capital.
The capital will support the ongoing distribution of the company platform, which deploys machine learning to identify behavioural anomalies.
From the founder
"We have made tremendous progress over the last 15 months since our last fund raising – and this fund raise is the largest to date. The additional funds will enable us to continue rapidly growing the business internationally by focusing on our products, our people and our customers."
Martina King
CEO at Featurespace
Investor perspective
"We have been following Featurespace’s growth for over two years. Following extensive customer and product due diligence, we were delighted with market feedback around the product and team. We welcome Featurespace into our portfolio and look forward to helping the company drive international growth."
Jeff Horing
Co-Founder and Managing Director, Insight Venture Partners
Use of funds
- 01Expand into international markets
- 02Continue product development
Investors
Jeff Horing
Insight Venture Partners
Gene Lockhart
MissionOG
IP Group
Highland Europe
TTV Capital
Robert Sansom
Invoke Capital
Categories
About the company
Featurespace
Featurespace develops adaptive behavioural analytics technology for fraud detection and risk management.