Red Points, a Barcelona, Spain-based IP protection SaaS company, raised an additional $12m in Series B funding.
The round was led by Eight Roads Ventures with participation from Mangrove and Northzone.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Laura Urquizu, CEO, and newly appointed Chairman David Waroquier, Red Points provides a SaaS-based IP protection platform for brands and content owners to counterfeiting online and digital piracy. The company’s platform is used by organizations in the sporting, entertainment, fashion & accessories, editorial, design and luxury industries.
Clients include companies such as Wix and WalkMe.