Citi’s strategic investment vehicle helped fill out a series D round valuing the risk management software developer above $1bn.
US-based risk management software developer Feedzai received $200m yesterday in a series D round that included Citi Ventures, a corporate venturing unit for financial services firm Citi.
Investment firm KKR led the round through its Next Generation Technology Growth Fund II, and was joined by venture capital firm Sapphire Ventures. The funding was secured at a valuation exceeding $1bn, according to TechCrunch.
Feedzai has developed cloud-based risk management software used by e-commerce companies and financial services firms to protect themselves…
