FT Partners Advises Feedzai on its $50,000,000 Series C Financing
Overview of Transaction
- On October 17, 2017 Feedzai announced it has raised $50 million in its Series C financing round from an undisclosed investor with participation from existing investor Sapphire Ventures
- This new funding brings the total venture capital raised to $82 million from nine major investors including Oak HC/FT, Capital One Growth Ventures, Citi Ventures and more
- Founded in 2009 and headquartered in San Mateo, CA, Feedzai is a leader in using artificial intelligence to empower enterprises to manage risk and fight fraud in real-time
- Feedzai’s machine learning technology and its omnichannel fraud prevention solutions serve customers that transact in virtually every country in the world, across numerous use cases for leading banks and merchants
Significance of Transaction
- Feedzai will use the capital to continue its rapid growth trajectory
- The Company is on track to more than double its headcount this year from where it was at the end of 2016, planning to reach 300 employees by the end of 2017
- Additionally, Feedzai has added key sales leaders worldwide, including hiring former Box SVP Jim Priestley as Chief Revenue Officer
FT Partners' Role
- FT Partners served as exclusive strategic and financial advisor to Feedzai and its Board of Directors
- FT Partners also represented Feedzai on its $17.5 million Series B financing from Oak HC/FT, Sapphire Ventures and Espirito Ventures
- This transaction demonstrates FT Partners’ continued leadership role advising world-class FinTech companies