We take a look at the largest funding rounds since 2017 in cybersecurity companies specialising in fraud protection. In addition, we analyse the round of Spain's Blueliv, which has received €4M.
Blueliv is a Spanish cybersecurity company dedicated to the development of technology aimed at preventing credit card fraud, credential and information theft, as well as protecting against malware and other digital threats. The Spanish startup has an international dimension, with headquarters in Barcelona and offices in London and San Francisco.
In recent years, Blueliv has received all kinds of awards. Perhaps the most notable was at the Mobile World Congress 2016, where Go Ignite awarded it as one of the five best startups in the world in its sector.
Blueliv's great potential is its platform, which is able to analyse a wide range of digital threats in order to extract all the information needed to work on predictive data that detects, identifies and stops new attacks. "We discover new attacks and new victims every minute. Last year we detected and analysed 12,000,000 stolen credentials and credit cards, 500,000 malware samples and 2,000,000 malicious servers," the company explains.
Blueliv, a Spanish startup dedicated to fraud protection on the Internet, has closed a €4M funding round, led by Vento (Venture Opportunities), and also subscribed by the company's shareholders such as Kibo Ventures and Telefónica.
The objective of this financing round is to boost Blueliv's global expansion, develop its new exclusive channel strategy, move its headquarters to Barcelona and strengthen the company's management team.
The Catalan company will also use part of these funds to drive the development of the company's cyber threat intelligence programmes, with new IoT products to help organisations reduce their risks and accelerate their decision making.
According to Luis Navarrete, head of communications technology strategy at Agbar Group (Vento) who has been appointed to Blueliv's Board of Directors, "cyber threat intelligence is being given greater importance in all sectors as organisations become more aware that if they have valuable data, they are at risk of being attacked".
On the other hand, Daniel Solís, president of Blueliv, said that this "financing is a milestone for the company and the investment backing of Vento, together with our current partners, Telefónica and Kibo Ventures, is facilitating a new phase of development".
|Valuation Multiples 2017|
|Enterprise Value (EV)||2.231|