MAVA Member Silicon Valley Bank Injects $30M Mezzanine Debt Financing into ThreatMetrix
Fraud prevention startup ThreatMetrix on Tuesday said it raised $30 million in mezzanine debt financing from Silicon Valley Bank.
The San Jose-based startup has raised $84 million to date from investors who include August Capital.
Founded in 2005, the company makes software that helps authenticate consumers and transactions to reduce online fraud. ThreatMetrix says it will use its latest round of funding to expand its data center, expand sales and marketing, and pay for business operations into 2017. The company says it handles more than 20 billion transactions per year on 30,000 websites, with 4,000 customers globally.