# BioCatch

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/biocatch

- Industry: IT Security/Cybersecurity
- Headquarters: Tel Aviv, Israel
- Website: www.biocatch.com
- Total disclosed funding: $205M
- Latest round: Series C (Sep 30, 2020)
- Investors on record: 18

## About

Founded in 2011 by founder Avi Turgemen and based in Tel Aviv, Israel, BioCatch Ltd. is a developer of a biometric technology that provides artificial intelligence (AI)-based digital identity solutions for mobile and internet applications. The company also offers a behavioural biometrics platform that analyzes continuous behavioural parameters for authentication and to protect from cyber threats. In May 2024, Permira, Sapphire Ventures, and Macquarie Group acquired additional stakes in BioCatch Ltd. for USD 750 million from Bain Capital and Maverick Ventures Israel. Following the transaction, Permira now owns a 60% majority stake in BioCatch Ltd. The funding values BioCatch Ltd. for USD 1.3 billion post-money.

BioCatch Ltd. offers a range of products designed to protect various stages of digital transactions that monitor and analyze user behaviour during the account creation process to detect potential fraudsters who may be using stolen identities or synthetic identities. The solution identifies unusual behavioural patterns that may indicate an account has been compromised, allowing for real-time intervention before fraudulent transactions can occur. BioCatch's technology helps financial institutions identify mule accounts, which are used by criminals to launder money. By detecting behavioural anomalies, the system can flag suspicious accounts for further investigation. Additionally, the software identifies when a user is manipulated by a scammer, such as in cases of phishing or other social engineering tactics.

The company will use the May 2024 funding to further develop its products and expand its global footprint.

## Funding rounds

- Series C, Sep 30, 2020, $20M — Barclays Bank, HSBC Bank, National Australia Bank, Citigroup, Citi Ventures
- Series C, Apr 15, 2020, $145M — Bain Capital, Industry Ventures, Maverick Capital, American Express Ventures, OurCrowd, CreditEase Fintech Investment Fund
- Series B, Mar 12, 2018, $30M — Kreos Capital, American Express Ventures, CreditEase Corp., Maverick Ventures Israel, Joule Ventures, OurCrowd, NexStar Partners
- Series A, Jun 17, 2014, $10M — Blumberg Capital, OurCrowd Management Limited

## Investors

- Blumberg Capital (https://capitalatlas.ai/funds/blumberg-capital) — Series A
- OurCrowd Management Limited — Series A
- Kreos Capital — Series B
- American Express Ventures (https://capitalatlas.ai/funds/american-express-ventures) — Series B, Series C
- CreditEase Corp. — Series B
- Maverick Ventures Israel (https://capitalatlas.ai/funds/maverick-ventures-israel) — Series B
- Joule Ventures (https://capitalatlas.ai/funds/joule-ventures) — Series B
- OurCrowd (https://capitalatlas.ai/funds/ourcrowd) — Series B, Series C
- NexStar Partners (https://capitalatlas.ai/funds/nexstar-partners) — Series B
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series C
- Industry Ventures (https://capitalatlas.ai/funds/industry-ventures) — Series C
- Maverick Capital (https://capitalatlas.ai/funds/maverick-capital) — Series C
- CreditEase Fintech Investment Fund (https://capitalatlas.ai/funds/creditease-fintech-investment-fund) — Series C
- Barclays Bank — Series C
- HSBC Bank — Series C
- National Australia Bank — Series C
- Citigroup — Series C
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series C