NEW YORK, May 28 (Bernama-BUSINESS WIRE) — Forter, the leader in e-commerce fraud prevention, today announced it has raised $300 million in Series F funding led by Tiger Global Management, with participation from Third Point Ventures and Adage Capital Management. Existing investors also participated including Bessemer Venture Partners, Sequoia Capital, March Capital, NewView Capital, Salesforce Ventures and Scale Venture Partners.
The announcement comes six months after the company completed its $125 million Series E round, almost tripling the valuation to $3 billion, and making Forter the most valuable privately held company ever in the fraud prevention industry. Forter will use the additional funding to continue expanding its global ecosystem of trust, enabling retailers, e-commerce platforms, issuing banks and payment providers to fight fraud together, boosting confidence and improving shopper experience across the entire purchasing journey. Over the last 12 months, Forter has: