Tech Company Financing Transactions
iovation Funding Round
iovation closed a $15 million investment round on 3/27/2008. Backers included European Founders Fund and Sapphire Ventures.
Transaction Overview
Company Name
Announced On
3/27/2008
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Undisclosed
Investors
European Founders Fund (Lead Investor) (Oliver Samwer)
Sapphire Ventures (Lead Investor) (Nino Marakovic)
Proceeds Purpose
"We are extremely excited about our new relationships with SAP Ventures, European Founders and Intel," said Greg Pierson, CEO of iovation. "These companies are well established, recognized leaders in the global market. They've built strong business relationships in Europe and Asia and have the market expertise that supports iovation's ambitious growth plan into these strategic markets. There is a tremendous amount of synergy between our entire team of investors and we look forward to the business opportunities these partnerships will create for iovation."
Company Information
Company Status
Acquired or Merged
Industry
Security
Mailing Address
555 SW Oak St. 300
Portland, OR 97204
USA
Portland, OR 97204
USA
Phone
Website
Email Address
Overview
iovation's device based authentication and mobile security solutions help businesses reduce online risk and prevent fraud.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Greg Pierson
Chief Financial Officer
Doug Shafer
Chief Technical Officer
Scott Waddell
VP - Bus. Development
Jon Karl
VP - Engineering
Dawn Crew
VP - Operations
Molly O'Hearn
VP - Sales
Thomas Pak
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