London based online fraud prevention startup SEON has raised $94mn.
In Brief:
The Series B round was led by Silicon Valley-based IVP.
It also included existing investors Creandum and PortfoLion, and angel investors.
This comes just a year after SEON’s Series A round.
What does this mean?
The pandemic has rapidly accelerated fraud and there is increasing demand for SEON’s prevention tools.
Co-Founder and CEO Tamas Kadar commented: “SEON is bringing something different to the fraud prevention market by offering an accessible and flexible solution, which delivers instant results. Once discovered, our solution can be trialled by potential customers in less than 30 seconds and up and running in less than a day.”
The funding will be used to expand SEON’s presence across North America, LatAm and APAC.
