Quantexa raises $129M at a $1.8B valuation to help navigate online fraud and customer data management

News Summary

  • For some context, this is a major step up from its previous round nearly two years ago (in July 2021), a Series D of $153 million that was raised at an $800 million – $900 million valuation.
  • “That gives the community confidence that our plan is accurate and we can deliver on it.” The company is growing ARR at 140% (at Series D subscriptions revenues were 108%), and he projects that the company will make $100 million in revenues next year, turning profitable by 2025.
  • Singapore’s sovereign wealth fund GIC — which was also a major investor in Stripe’s recent $6.5 billion round — led this round, with participation from previous backers Warburg Pincus, Dawn Capital, British Patient Capital, Evolution Equity Partners, HSBC, BNY Mellon, ABN AMRO and AlbionVC.
  • (It’s also a higher number than some thought the round would be: last week a report of Quantexa raising estimated that it would be “close to $1.5 billion”.)
  • Financial fraud and other online crime continue to present major threats to businesses, and they remain a key focus for regulators requiring more rigorous efforts to keep illicit activity at bay.
Financial fraud and other online crime continue to present major threats to businesses, and they remain a key focus for regulators requiring more rigorous efforts to keep illicit activity at bay. Now [+3854 chars]