Featurespace raises £25m for international growth

Behavioural analytics specialist Featurespace has raised £25 million from a funding round led by venture US venture capital firms Insight Venture Partners and MissionOG.

The round also included further funding from existing investors including IP Group, Highland Europe, TTV Capital, Robert Sansom and Invoke Capital.

Investment will be used to support the fraud detection and risk management provider’s international expansion, software development and distribution of its ARIC platform.

Featurespace chief executive Martina King commented: “The additional funds will enable us to continue rapidly growing the business internationally by focusing on our products, our people and our customers.”

She added that the company has strengthened its senior management team and operational infrastructure, along with opening an office in Atlanta, Georgia.

“We have also grown our financial services customer base and now are working with 17 banks across continental Europe, the UK, US and Latin America,” King continued. “Equally important, we have become the technology partner of choice to a number of payment processors and merchant acquirers that have embedded our real-time fraud prevention technology in their anti-fraud solutions.”

Gene Lockhart, chairman and managing partner at MissionOG, commented: “Martina King, David Excell and team have built a dynamic culture that has led to a well-defined and successful market focus.

“Their efforts are evidenced by strong sales momentum with notable clients in various segments, including multinational banks, payments companies, issuer processors and merchant acquirers.”

    Share Story:

Recent Stories


The Rise of Instant Payments
Instant payments are creating new business opportunities for banks by providing more touchpoints than ever. With these evolutions underway, Featurespace brought leading industry experts together to discuss how they are protecting customers from fraudsters in real time, utilizing innovative and disruptive solutions to reduce fraud. Click here to find out more.

Offloading Cyber Risk in the Cloud
As cyber attacks and data breaches are in the news on an increasingly regular basis - with regulatory penalties and customer trust on the line for financial services firms - it has never been more crucial to be compliant in the cloud.

This video, with Akamai’s EMEA director of security technology and strategy Richard Meeus, will help explain what your company can be doing to make sure it’s not embroiled in the next big fine or front-page scandal.