Total amount raised
$170 Million
Latest funding date
01/01/2023
Location
Vesta has successfully completed 5 funding rounds, with notable investors including Schwarzwald Capital Fund and Runway Growth Capital. The company specializes in fraud prevention and payment solutions, particularly for telecom companies and Mobile Virtual Network Operators (MVNOs).
Keep reading to explore the intricacies of Vesta's fundraising journey and the investors backing this innovative platform.
What Is Vesta?
Vesta, founded in 1996, is a prominent player in the financial services and telecom fraud prevention industries. Based in Lake Oswego, Oregon, the company employs between 251 and 500 people. Vesta specializes in providing end-to-end solutions that help businesses maximize revenue while minimizing risks.
Operating in various sectors such as FinTech, Fraud Detection, Payments, Software, and Transaction Processing, Vesta leverages its extensive experience to deliver modern payment experiences and exceptional business outcomes. The company’s AI-driven technology supports telecom companies in over 40 countries, offering superior fraud protection and 24/7 support.
How Much Funding Has Vesta Raised?
- Funding Round: Series Unknown
- Amount Raised: USD 20,000,000
- Date: November 2003
- Lead Investors: Oak Investment Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and development in the fraud prevention and payment solutions market.
- Funding Round: Private Equity
- Amount Raised: USD 125,000,000
- Date: May 2020
- Lead Investors: Goldfinch Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Vesta's market reach and enhance its AI-driven fraud prevention technology.
- Funding Round: Undisclosed
- Date: August 2020
- Lead Investors: EDBI
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and integrate advanced fraud detection solutions.
- Funding Round: Debt Financing
- Amount Raised: USD 25,000,000
- Date: January 2023
- Lead Investors: Runway Growth Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand to new customers and maintain existing ones, supporting growth and product development.
- Funding Round: Series Unknown
- Date: April 2025
- Lead Investors: Schwarzwald Capital Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing innovation and market expansion in the financial services sector.
Total Amount Raised: USD 170,000,000
Current Valuation: Not publicly disclosed
Key Investors
- Schwarzwald Capital Fund
- Details: Schwarzwald Capital Fund is a prominent investment firm known for its strategic investments in high-growth companies. They have been a lead investor in multiple funding rounds for Vesta.
- Investment Focus Areas: Not specified.
- Notable Investments: Vesta.
- Runway Growth Capital
- Details: Runway Growth Capital LLC is an investment advisor to various funds, including Runway Growth Finance Corp. They provide growth capital to companies in the United States and Canada.
- Investment Focus Areas: Technology, Healthcare, Consumer.
- Notable Investments: Vesta.
- EDBI
- Details: EDBI is a strategic investment firm that supports companies with high growth potential. They have invested in Vesta to help further develop advanced fraud detection solutions.
- Investment Focus Areas: Not specified.
- Notable Investments: Vesta.
- Goldfinch Partners
- Details: Goldfinch Partners is a private equity firm that focuses on investing in technology and financial services companies. They led a significant private equity round for Vesta.
- Investment Focus Areas: Not specified.
- Notable Investments: Vesta.
- Oak Investment Partners
- Details: Oak Investment Partners is a multi-stage venture capital firm that invests in companies across various sectors. They were an early investor in Vesta, supporting its initial growth.
- Investment Focus Areas: Not specified.
- Notable Investments: Vesta.
What's Next for Vesta?
Vesta's future looks promising with significant opportunities for growth. The recent $25 million loan will enable the company to expand its customer base and enhance existing relationships. The integration with major companies like PLDT and Smart highlights the potential for secure online payment transactions, a growing necessity in the digital age.
As the demand for fraud prevention and secure transactions increases, Vesta is well-positioned to capitalize on these industry trends. The company’s focus on machine learning and AI-driven solutions will likely attract further investment, paving the way for future fundraising opportunities. However, Vesta must navigate the challenges of evolving fraud tactics and maintaining high-quality client relationships while scaling its operations globally.
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