This latest round was led by Israeli-based Pitango Growth, and joined by Capital One Growth Ventures, Groupe Arnault, C4 Ventures, and existing investors. The investment–which brings Riskified’s total funding to $64 million–will be used to accelerate market penetration, solidify our position as a leading fraud-prevention solution, and serve new merchants internationally.
“We’re proud to announce that we’ve closed series C funding with these exciting partners,” said Eido Gal, our CEO. “Their commitment further validates our technology and approach to fraud prevention.”
Aman Sharma, Partner at Capital One Growth Ventures, also expressed his enthusiasm for the partnership: “E-commerce fraud is a rapidly evolving threat to merchants everywhere. Riskified has shown a deep understanding of the fraud landscape and a keen ability to recognize fraudulent orders, helping better equip its customers to tackle this threat head-on,” says Sharma. “We are proud to partner with Riskified as it continues to enhance its fraud prevention technology and expand its global reach.”
This announcement is the latest in a number of exciting developments for us. We opened our New York City office in October of last year (you may have read about that here!) and that team has already quadrupled in size. Eido moved from Tel Aviv in April to better work with North American merchants. We also just launched a new and improved web app, which affords merchants greater insight into the fraud review process.