Total amount raised
$226 Million
Latest funding date
5/1/2018
Location
Signifyd has successfully raised funding through seven rounds, with the most recent being a Series E round led by Blue Owl Capital Corporation. The company is backed by 25 investors, including notable names like CPP Investments and FIS.
Signifyd offers a comprehensive Commerce Protection Platform designed to help eCommerce businesses grow by preventing fraud, increasing conversion rates, and establishing customer trust. Keep reading to explore the intricacies of Signifyd's fundraising journey and the investors backing this innovative platform.
What Is Signifyd?
Signifyd, based in San Jose, California, is a private company specializing in fraud protection and prevention for eCommerce retailers. Founded in 2011, the company operates in multiple industries, including Cyber Security, E-Commerce, Enterprise Software, Financial Services, FinTech, Fraud Detection, SaaS, and Software.
With a workforce of 501-1000 employees, Signifyd offers a range of solutions designed to protect against fraud, optimize payment authorizations, and manage chargebacks and returns. Their platform aims to help eCommerce businesses grow by preventing fraud, increasing conversion rates, and establishing customer trust.
How Much Funding Has Signifyd Raised?
- Seed Round
- Amount Raised: USD 2,000,000
- Date: December 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their initial fraud protection platform.
- Series A
- Amount Raised: USD 7,000,000
- Date: June 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product features.
- Series B (First Round)
- Amount Raised: USD 20,000,000
- Date: February 2016
- Lead Investors: Menlo Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve fraud detection algorithms.
- Series B (Second Round)
- Amount Raised: USD 19,000,000
- Date: September 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further accelerate growth and enhance technological capabilities.
- Series C
- Amount Raised: USD 56,000,000
- Date: May 2017
- Lead Investors: Bain Capital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand internationally and invest in R&D.
- Series D
- Amount Raised: USD 100,000,000
- Date: May 2018
- Lead Investors: Premji Invest
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's capabilities and support rapid growth.
- Series E
- Amount Raised: USD 205,000,000
- Date: April 2021
- Lead Investors: Blue Owl Capital Corporation
- Valuation at Round: USD 1.34 billion
- Motivation Behind the Round: To expand the Commerce Protection Platform globally and accelerate growth in Latin America and EMEA.
Total Amount Raised: USD 409,000,000. Current Valuation: USD 1.34 billion.
Key Investors
- Blue Owl Capital Corporation
- Details: Blue Owl Capital Corporation is a leading investment firm that provides direct lending solutions to middle-market companies. They led the Series E funding round for Signifyd.
- Investment Focus Areas: Direct lending, middle-market companies, growth-equity investments.
- Notable Investments: BlueVine, Signifyd.
- Premji Invest
- Details: Premji Invest is the investment arm of Azim Premji's endowment and philanthropic initiatives. They led the Series D funding round for Signifyd.
- Investment Focus Areas: Technology, healthcare, consumer goods.
- Notable Investments: Not publicly disclosed.
- Bain Capital Ventures
- Details: Bain Capital Ventures is a venture capital firm that invests in early to growth-stage companies. They led the Series C funding round for Signifyd.
- Investment Focus Areas: FinTech, enterprise software, healthcare.
- Notable Investments: LinkedIn, DocuSign, Jet.com.
- Menlo Ventures
- Details: Menlo Ventures is a venture capital firm that provides capital to early-stage and growth-stage companies. They led the first Series B funding round for Signifyd.
- Investment Focus Areas: Consumer, enterprise, healthcare.
- Notable Investments: Uber, Roku, Warby Parker.
- FIS
- Details: FIS is a global leader in financial services technology, providing solutions for banking, payments, asset and wealth management, risk and compliance, and outsourcing. They participated in the Series E funding round for Signifyd.
- Investment Focus Areas: Financial services technology, banking, payments.
- Notable Investments: Not publicly disclosed.
What's Next for Signifyd?
Signifyd stands at the cusp of significant growth opportunities, driven by the surge in e-commerce and the increasing need for robust fraud protection solutions. The company's recent $205 million funding round underscores the vast potential in expanding its Commerce Protection Platform globally, particularly in digital shopping and payments sectors. This expansion is poised to accelerate growth in Latin America and EMEA regions, tapping into new markets and industries.
Future fundraising opportunities appear promising, with the potential for additional investment rounds to support continued global expansion and technological advancements. However, Signifyd may face challenges such as competition from other digital commerce protection providers and the need to keep pace with rapidly evolving fraud tactics. Navigating regulatory and compliance requirements in different regions will also be crucial as the company scales its operations.
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