IP Group put up $5.4m for Cambridge fraud detection spinout Featurespace’s latest round to bring the company’s overall funding haul to $70.9m.
Featurespace, a UK-based fraud detection technology spinout from University of Cambridge, secured £25m ($32.9m) yesterday in a round that included a $5.4m investment from commercialisation firm IP Group.
Investment firm Insight Venture Partners and VC fund MissionOG co-led the round, which also featured Highland Europe, TTV Capital and Invoke Capital, in addition to private investor Robert Sansom.
IP Group’s shareholding in Featurespace amounts to 23.9% at a valuation of $38.6m following the transaction, and the firm expects to…
