Forter, a NYC-based e-commerce fraud prevention company, raised $300m in Series F funding.
The round, which brought the company’s valuation at $3 Billion, was led by Tiger Global Management, with participation from Third Point Ventures and Adage Capital Management and existing investors Bessemer Venture Partners, Sequoia Capital, March Capital, NewView Capital, Salesforce Ventures and Scale Venture Partners.
The company intends to use the funds to continue expanding its global ecosystem.
Led by Michael Reitblat, CEO and co-founder, Forter is a leader in e-commerce fraud prevention, processing over $250 billion in online commerce transactions and protecting more than a billion consumers globally from credit card fraud, account takeover, identity theft and more. The company’s identity-based fraud prevention solution detects fraudulent activity in real-time, throughout all online consumer experiences.
Forter is used by Fortune 500 companies including Farfetch, Sephora, Nordstrom, Instacart, Adobe and Priceline.