Worldpay-backed fraud detection software provider Featurespace won $32.9m from investors including commercialisation firm IP Group to bring its overall funding to $70.9m.
Featurespace, a UK-based fraud detection technology developer backed by payment processing firm Worldpay, secured £25m ($32.9m) yesterday in a round that included $5.4m from commercialisation firm IP Group.
Investment firm Insight Venture Partners led the round, which also featured VC fund MissionOG, Highland Europe, TTV Capital and Invoke Capital, in addition to private investor Robert Sansom.
IP Group’s shareholding in Featurespace amounts to 23.9% at a valuation of $38.6m following the transaction, and the firm expects to book a $12.6m…
