Red Points, a Barcelona, Spain-based online brand protection company, raised $38m in funding.
The round, which brought total capital raised to $64m, was led by Summit Partners, with additional participation from existing investors Northzone, Mangrove, Eight Roads Ventures and Banco Sabadell.
The company intends to use the funds to further expand the technology and global presence with the goal of empowering brands worldwide to protect their valuable assets online.
Led by Laura Urquizu, CEO, Red Points offers a SaaS solution for detecting and enforcing online IP infringements, including online counterfeiting, piracy and distribution fraud. The company protects a diverse set of brands from baby products and cosmetics, to software and wind turbine manufacturers.
Red Points’ proprietary software currently removes more than 100,000 incidents of illegal products and content from the web monthly, across over 100 online marketplaces and social networks.
The company’s solutions are used by over 550 brands worldwide including Bang & Olufsen, MVMT and DOPE.
Red Points has also opened US headquarters in New York.