Fraud prevention company SEON completes $80 million Series C funding, led by Sixth Street Growth

ChainCatcher news, anti-fraud company SEON announced the completion of a $80 million Series C funding round, led by Sixth Street Growth, with participation from IVP, Creandum, Firebolt, and new investor Hearst. This new round of funding brings SEON's total financing to $187 million, which includes the $94 million raised in the Series B round in 2022. The company's two founders previously established a cryptocurrency platform supporting fiat transactions in Central and Eastern Europe, and SEON will also address the increasingly complex digital environment in related fields.

Currently, SEON serves clients across various industries, including cryptocurrency, gaming, financial institutions, and e-commerce, with clients such as Patreon, Revolut, NuBank, Ladbrokes, as well as Air France and KLM Royal Dutch Airlines. With the help of the new funds, they hope to reach more clients and provide effective yet budget-friendly fraud prevention solutions.