Smart Protection, a Madrid, Spain-based platform that protect brands against online counterfeiting, closed a €10m Series B funding round.
The round was co-led by Knight Capital, the Spanish-Israeli Swanlaab Venture Factory, specialized in SaaS B2B, alongside CDTI, the Spanish National Innovation Agency. Existing investors Nauta Capital, JME Ventures, Bankinter, Big Sur Ventures and Telefónica, through their new investment vehicle Telefónica Tech Ventures specialized in the field of cybersecurity, have also participated in the round.
The company intends to use the funds to build the engineering teams accelerate its international expansion and broaden its technological solutions.
Led by Javier Perea, CEO and co-founder, Smart Protection provides a tech platform to combat piracy and counterfeiting on the internet. The company currently works with clients across 25 countries, and 76% of its income is generated from companies outside of Spain.