Cambridge's Featurespace boosted its funding total to $108m having assembled a consortium including existing investor IP Group for its latest round.
Featurespace, a UK-based fraud detection technology spinout of University of Cambridge, closed a £30m ($36.8m) funding round today that included a $1.2m contribution from commercialisation firm IP Group.
Investment firm Merian Chrysalis led the round, which was also backed by Highland Europe, MissionOG, TTV Capital and Invoke Capital Partners.
IP Group has increased its stake in Featurespace to 19.7% at a valuation of around $49.1m, an increase of $12.3m from the spinout’s last funding round.
Founded in…
