Ripjar secures £28m Series B funding from Long Ridge Equity Partners to accelerate product development
Long Ridge Equity Partners led the Series B round to support international expansion and product development.
Ripjar provides risk and threat intelligence solutions powered by automation, artificial intelligence and data visualisation. The company helps organisations and governments automate the detection, investigation and monitoring of threats.
Ripjar has secured £28m in a Series B funding round led by Long Ridge Equity Partners, with participation from existing backers Winton Capital and Accenture. The capital will be deployed to accelerate product development, expand the Labyrinth platform, and grow the firm's sales and marketing footprint across Asia, North America, and Europe.
Founded by former GCHQ personnel, the data intelligence provider has seen accelerated growth during the pandemic. The business has doubled in size, reached 20,000 users globally, and achieved profitability while signing several new enterprise clients.
From the founder
"We are excited to partner with Long Ridge who bring expertise and resources in scaling fast-growing software companies"
Jeremy Annis
Co-Founder at Ripjar
Investor perspective
"Financial institutions, corporates and government agencies face ever-increasing risks associated with financial crime and cyber threats"
Kevin Bhatt
Managing Partner, Long Ridge Equity Partners
Use of funds
- 01Continue product development
- 02Expand into international markets
- 03Invest in sales and marketing
- 04Grow the team
