SEON Closes $80 Million Series C Led by Sixth Street Growth
SEON to Accelerate Global Expansion and Real-Time, AI-Powered Fraud Prevention Innovation SEON, the command center for fraud prevention and AML compliance, today announced the close of its $80 million Series C round of funding. The investment was led by Sixth Street Growth with participation from existing investors IVP, Creandum and Firebolt, and new investors including Hearst. […]
Riptides Raises $3.3M in Hungary’s Largest Ever Pre-Seed Round
Riptides replaces API keys and passwords with auto-rotating, cryptographic identities—eliminating manual credential management. Hungarian security startup Riptides has raised $3.3 million in pre-seed funding to launch its platform for secure non-human identity management. This marks one of the largest Pre-Seed rounds in Central and Eastern Europe ever, and Hungary’s biggest one to date. The funding […]
0 (to 1) to 100 — Investing in SEON for the 5th time
A few days ago, our portfolio company, SEON, announced the largest Series B round — $94 million — ever raised by a Hungarian startup. This also marks the date when Portfolion has invested in the team of SEON for the 5th time — following its CEE all-stage investment strategy. This shared milestone of SEON and […]
SEON Raises $95 Million Series B
SEON, a London-based Anglo-Hungarian startup that powers online fraud prevention raised $95 million in Series B funding. Led by Silicon Valley-based IVP, the round also includes existing investors Creandum and Portfolion, as well as, angel investors including founders and senior executives from the very best product tech stories: Aiven, Coinbase, Datadog, Doordash, Figma, G2 Crowd, […]
Swiss Post acquires Tresorit
Respected technology leader in its industry, Swiss Post, acquires majority stake in Switzerland-Hungary-based IT security company. Swiss Post has acquired a majority stake in Tresorit, a Swiss-Hungarian company that offers encrypted, cloud-based file sharing and collaboration services. The success is not out of the blue. The startup founded in 2011 has been featured on the […]
SEON raises €10m Series A round led by Creandum
Seon, which lets online businesses fight online fraud like fake accounts has raised a $12 million Series A round led by Creandum, with participation from Portfolion, part of OTP Bank. The funding appears to be one of Hungary’s larger series A rounds to date. Seon is a fraud-detection startup that establishes a customers’ ‘digital footprint’ […]