# Featurespace

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

- Industry: Software
- Headquarters: Cambridge, UK
- Website: www.featurespace.com
- Total disclosed funding: $147M
- Latest round: Series G (Jul 15, 2022)
- Investors on record: 12

## About

Based in the UK, Featurespace Limited provides advanced fraud detection solutions through its innovative ARIC™ Risk Hub, utilizing real-time behavioral analytics to safeguard financial transactions across various sectors.Featurespace Limited, founded in 2008, is headquartered in Cambridge, UK. The company specializes in fraud management solutions with its flagship product, the ARIC™ Risk Hub. The firm has executed a total of 10 deals, with the most recent deal occurring on September 26, 2024. In that deal, Featurespace was acquired by Visa Inc. for approximately GBP 700 million, ensuring enhanced fraud detection services globally. David Excell, the founder, has a history in the technology sector, while Martina King serves as the current CEO.Featurespace specializes in advanced fraud and financial crime management solutions, primarily through its flagship product, the ARIC™ (Adaptive, Real-time, Individual, Change-identification) Risk Hub. This innovative platform employs Adaptive Behavioral Analytics, developed by the company, which mimics human behavioral profiling to analyze and predict individual customer behavior in real time. The ARIC™ Risk Hub is utilized across various sectors including banking, payment processing, insurance, and gaming, serving a diverse clientele that includes some of the world's largest financial institutions. The solution processes over 50.4 billion events annually, significantly reducing false positive alerts by 75% and blocking 75% of fraud attempts as they occur, making it essential for financial services.In the year 2023, Featurespace generated revenue amounting to GBP 62.69 mn, while the EBITDA for the same year was GBP -13.55 mn. Revenue generation is primarily driven through B2B partnerships and subscription-based models with clients, including major banks and payment processors, who utilize the ARIC™ Risk Hub for fraud risk management.Following the acquisition by Visa Inc. on December 2024, Featurespace aims to enhance its product offerings in fraud detection and risk-scoring solutions. The acquisition will allow Featurespace to integrate more deeply into Visa’s global operations, thereby expanding its market reach. The recent funding of GBP 700 million will support these initiatives, focusing on innovation in product development and market expansion into new geographical regions.

## Funding rounds

- Series G, Jul 15, 2022, $38M — Insight Partners, TTV Capital, Longview Innovation, MissionOG, Highland Europe, Chrysalis Investments
- Series G, May 11, 2020, $37M — TTV Capital, Longview Innovation, Invoke Capital, MissionOG, Highland Europe, Chrysalis Investments
- Series F, Jan 25, 2019, $33M — Insight Partners, TTV Capital, Longview Innovation, Cambridge Angels Group, Invoke Capital, MissionOG, Highland Europe
- Series E, Aug 1, 2017, $22M — TTV Capital, WorldPay, LLC, NESTA Investments, Touchstone Innovations, Invoke Capital, Highland Europe
- Series D, May 20, 2016, $9.1M — TTV Capital, NESTA Investments, Cambridge Angels Group, Touchstone Innovations
- Series C, Jun 9, 2014, $5M — NESTA Investments, Cambridge Angels Group, Touchstone Innovations
- Series B, Jun 8, 2012, $2.3M — Cambridge Capital Group, NESTA Investments, Cambridge Angels Group, Touchstone Innovations

## Investors

- Cambridge Capital Group — Series B
- NESTA Investments — Series B, Series C, Series D, Series E
- Cambridge Angels Group — Series B, Series C, Series D, Series F
- Touchstone Innovations (https://capitalatlas.ai/funds/touchstone-innovations) — Series B, Series C, Series D, Series E
- TTV Capital (https://capitalatlas.ai/funds/ttv-capital) — Series D, Series E, Series F, Series G
- WorldPay, LLC — Series E
- Invoke Capital (https://capitalatlas.ai/funds/invoke-capital) — Series E, Series F, Series G
- Highland Europe (https://capitalatlas.ai/funds/highland-europe) — Series E, Series F, Series G
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series F, Series G
- Longview Innovation (https://capitalatlas.ai/funds/longview-innovation) — Series F, Series G
- MissionOG (https://capitalatlas.ai/funds/missionog) — Series F, Series G
- Chrysalis Investments (https://capitalatlas.ai/funds/chrysalis-investments) — Series G