MAVA Member Paladin Capital Leads PhishMe’s $42.5 Million Series C

PhishMe Inc., the leading provider of human phishing defense solutions, today announced it has raised $42.5 million in Series C funding led by existing investor Paladin Capital Group, an established, multi-stage private equity firm that initially invested in the business in 2012. The deal also saw the participation from new investor Bessemer Venture Partners, a $4 billion venture capital firm investing in startups at every stage, in every corner of the globe.

“We see enormous potential in a company revolutionizing the way enterprises are dealing with cyber-attacks,” said Christopher Steed, Managing Director at Paladin Capital. “PhishMe’s momentum and innovation provide an excellent opportunity for investment, and we are excited to increase our stake in the company as a testament of continued growth and strong performance. Phishing attacks are evolving at an alarming rate and businesses are in need of an alternative, more effective way of protecting their assets. We’ve been thoroughly impressed by the level of innovation coming from the PhishMe team and believe it is setting the benchmark across cyber-security solutions.”