Forter, a leader in e-commerce fraud prevention, has raised $125 million in Series E funding — led by Bessemer Venture Partners, Felix Capital and Itai Tsiddon.
There was participation from Sequoia Capital, NewView Capital, Scale Venture Partners, March Capital Partners and Commerce Ventures.
Forter’s valuation has reached over $1.3 billion.
Forter will use the funding to expand its suite of solutions and global data network, which has doubled in size over the last 12 months to exceed $200 billion in annual online transactions protecting over 800 million shoppers.
“This year we have doubled our team across eight global offices, doubled our revenue and enjoyed our first cash flow positive quarter. The traction we have experienced allows us to invest even more into our platform and drive more significant impact for our customers and partners,” said Michael Reitblat, CEO and co-founder of Forter.
