# EverC

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

- Industry: IT Security/Cybersecurity
- Headquarters: New York, US
- Website: www.everc.com
- Total disclosed funding: $48M
- Latest round: Series B (Sep 10, 2020)
- Investors on record: 7

## About

EverC Ltd. is a technology company that specializes in enhancing security and transparency within the online commerce ecosystem, offering innovative solutions to combat online fraud and compliance risks.Founded in 2008, EverC Ltd. operates out of New York, US, focusing on providing security solutions for online commerce. The company has made 6 significant deals, with the latest being a Series B funding round on March 30, 2023, where it raised USD 35.00 mn led by Red Dot Capital Partners. EverC was acquired by Kroll Associates, Inc., a portfolio company of Further Global Capital Management, Permira, and Stone Point Capital. Ron Teicher, who has a history of founding tech companies, is the founder of EverC, while Ariel Tiger and Tami Mankowitz serve as CEOs.EverC specializes in providing innovative solutions aimed at enhancing security and transparency in the online commerce ecosystem. Their flagship products, MerchantView and MarketView, are designed to streamline the merchant onboarding process and monitor risks throughout the merchant lifecycle. MerchantView offers an all-in-one solution for onboarding and ongoing risk assessment, while MarketView employs advanced technology to automatically identify and eliminate hazardous, counterfeit, and recalled products. These solutions cater to a diverse client base, including marketplaces, payment service providers, banks, and merchants, effectively addressing the industry's growing concern over online fraud and compliance risks. EverC’s products are utilized across various geographical markets, including North America, Europe, and Asia, reflecting their commitment to making e-commerce a safer environment for consumers worldwide.EverC generates revenue primarily through subscription-based models and partnerships with its clients, encompassing retailers, marketplaces, and financial institutions. The company structures its transactions around the provision of services like MerchantView and MarketView, which are offered on a subscription basis, ensuring continuous access to risk management tools and data insights. Through these offerings, clients pay for real-time analytics and monitoring services, which are crucial for maintaining compliance and operational efficiency. While specific pricing plans for their products are not publicly disclosed, the subscription model typically includes tiered pricing based on the level of service and the volume of transactions processed. This structured approach allows EverC to support a scalable and sustainable business model in the rapidly evolving landscape of e-commerce.EverC plans to leverage its recent funding of USD 35.00 mn to enhance product development and expand its offerings. The company is actively designing new products aimed at further increasing security measures in the online space, with specific release dates yet to be announced. Additionally, EverC aims to expand into new markets, particularly targeting regions in Asia and Europe by the end of 2024. This strategic expansion is aimed at broadening its client base and enhancing its global footprint in the online commerce ecosystem.

## Funding rounds

- Series B, Sep 10, 2020, $35M — Viola Group, American Express Ventures, Arbor Ventures, Red Dot Capital Partners, Maor Investments
- Series A, Dec 14, 2016, $9.5M — Viola Group, Arbor Ventures, Nyca, Star Farm Ventures
- Series A, May 27, 2015, $3.5M — Viola Group, Nyca

## Investors

- Viola Group (https://capitalatlas.ai/funds/viola-group) — Series A, Series B
- Nyca (https://capitalatlas.ai/funds/nyca) — Series A
- Arbor Ventures (https://capitalatlas.ai/funds/arbor-ventures) — Series A, Series B
- Star Farm Ventures (https://capitalatlas.ai/funds/star-farm-ventures) — Series A
- American Express Ventures (https://capitalatlas.ai/funds/american-express-ventures) — Series B
- Red Dot Capital Partners (https://capitalatlas.ai/funds/red-dot-capital-partners) — Series B
- Maor Investments (https://capitalatlas.ai/funds/maor-investments) — Series B