Total amount raised
$228.7 Million
Latest funding date
7/1/2021
Location
Riskified has successfully raised funding over seven rounds, with the latest being a Post-IPO Equity round. The company is backed by 18 investors, including Poalim Equity and Winslow Capital.
Keep reading to explore the intricacies of Riskified's fundraising journey and the investors backing this innovative platform.
What Is Riskified?
Riskified is a company that specializes in fraud prevention and ecommerce risk management. Founded in New York, New York, the company operates in industries such as E-Commerce, Fraud Detection, Machine Learning, and Risk Management. With an employee count ranging from 501 to 1000, Riskified leverages AI-powered solutions to help businesses maximize revenue and profit by preventing fraud and reducing chargebacks.
The company offers a range of products including Adaptive Checkout, Chargeback Guarantee, Policy Protect, Dispute Resolve, and Account Secure. These solutions are designed to provide precise decisioning and scalable fraud management, making ecommerce safe, accessible, and frictionless for merchants across various sectors.
How Much Funding Has Riskified Raised?
- Seed Round
- Amount Raised: USD 1,650,000
- Date: July 2013
- Lead Investors: Entrée Capital, Genesis Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their initial fraud prevention solutions.
- Series A
- Amount Raised: USD 4,000,000
- Date: February 2014
- Lead Investors: Entrée Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their product offerings and scale operations.
- Debt Financing
- Date: January 2015
- Lead Investors: Kreos Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational expenses and growth initiatives.
- Series B
- Amount Raised: USD 25,000,000
- Date: February 2016
- Lead Investors: Qumra Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their fraud detection technology and expand market reach.
- Series C
- Amount Raised: USD 33,000,000
- Date: June 2017
- Lead Investors: Pitango VC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop AI-powered solutions and increase global presence.
- Series E
- Amount Raised: USD 165,000,000
- Date: November 2019
- Lead Investors: General Atlantic
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To scale business operations and expand product offerings.
- Post-IPO Equity
- Date: July 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support continued growth and innovation post-IPO.
Total Amount Raised: USD 228,650,000. Current Valuation: Over $1 billion.
Key Investors
- General Atlantic
- Details: General Atlantic is a global growth equity investment firm. It focuses on providing capital and strategic support to companies with high growth potential.
- Investment Focus Areas: Technology, financial services, healthcare, consumer.
- Notable Investments: Airbnb, Alibaba, Uber.
- Qumra Capital
- Details: Qumra Capital is a venture capital firm that specializes in late-stage investments. It aims to support technology companies in scaling their operations.
- Investment Focus Areas: Late-stage technology companies.
- Notable Investments: Fiverr, JFrog, AppsFlyer.
- Pitango Venture Capital
- Details: Pitango Venture Capital is one of Israel's largest venture capital firms. It invests in a wide range of technology sectors.
- Investment Focus Areas: IT, life sciences, cleantech.
- Notable Investments: Via, Taboola, Vayyar.
- Entrée Capital
- Details: Entrée Capital is a venture capital firm that provides multi-stage funding to innovative startups. It has a strong focus on technology companies.
- Investment Focus Areas: Early to growth-stage technology companies.
- Notable Investments: Monday.com, Stripe, Snap.
- Fidelity Management & Research
- Details: Fidelity Management & Research is a financial services corporation known for its mutual funds and investment management. It offers a broad range of investment products and services.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Tesla, Amazon, Facebook.
What's Next for Riskified?
Riskified stands at the cusp of significant growth opportunities, driven by its innovative fraud prevention solutions. The company plans to scale its operations both domestically and internationally, with a particular focus on expanding its product offerings and opening a new office in Shanghai. This expansion is set to enhance their global footprint and cater to a broader range of merchants, banks, and consumers.
Future fundraising opportunities appear promising, given Riskified's rapid growth and substantial market potential. The company may pursue additional funding rounds to support further scaling and product development. However, challenges such as maintaining high accuracy in fraud detection, navigating different regulatory environments, and competing with other solution providers could pose hurdles along the way.
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