Announced
Completed
Financials
Sources
Tags
Acquisition
Minority
Completed
IT Services: Other
Private
Private Equity
United Kingdom
Friendly
Single Bidder
Cross Border
cyber security
Synopsis
Sumeru Equity Partners, a growth capital firm, completed a $70m investment in iProov, an online biometric face authentication developer. “This investment by one of America’s leading growth funds recognizes the preeminent position we have established. Our potential is enormous and we now have the resources to scale in the United States and worldwide. Our strong balance sheet will give our customers and partners confidence in our long-term ability to keep them and their customers secure," Andrew Bud, iProov Founder and CEO.
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