Institutional Venture Partners led a $94m Series B round in Seon.

Institutional Venture Partners, a venture capital firm, led a $94m Series B round in Seon, an online fraud prevention platform that detects and stops fraud in real-time through transactional data analysis, with participation from Creandum and PortfoLion. “SEON is bringing something different to the fraud prevention market by offering an accessible and flexible solution, which delivers instant results. Once discovered, our solution can be trialed by potential customers in less than 30 seconds and up and running in less than a day,” Tamas Kadar, Seon CEO and Co-Founder.