ThreatMark funding news – Czech Republic-based ThreatMark has Raised $23Million in Funding

The funding includes $15M from Octopus Ventures and Riverside Acceleration Capital (RAC), and $8M from a convertible note by Springtide Ventures Fund. This brings the company’s total funding to $37M (around €35.5M).

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The company plans to use the funds to expand into key markets like the UK and US, speed up research and development, and improve its solutions.

Michal Tresner, CEO of ThreatMark said, “We are excited about this investment, which is a strong endorsement of ThreatMark’s position and will help accelerate our growth. We are committed to leveraging Octopus Ventures’ and RAC’s support to further our mission of protecting people and their transactions, as well as intensifying our efforts to disrupt fraudsters,”.

ThreatMark, led by Michal Tresner, offers a fraud-fighting platform designed for banks and financial services. The platform combines machine learning for transaction monitoring, digital banking threat detection, and advanced behavior-based user authentication into one tool.

This integration helps security, compliance, and risk teams get a complete view of all digital channels, transactions, and entities for the first time.

Krystof Hilar, CTO of ThreatMark said, “ThreatMark safeguards financial institutions against sophisticated online fraud schemes by harnessing advanced AI-driven technologies. Its platform continuously monitors behavioral, device, threat, and transactional data, detecting deviations that signal potential fraudulent activity in real-time. With powerful AI and machine learning capabilities, ThreatMark not only identifies known fraud patterns but also adapts to emerging threats, becoming more effective as it processes and learns from new data,”.

Octopus Ventures, part of Octopus Group, is the most active venture capital investor in the UK and Europe. Their goal is to invest in people, ideas, and industries that have the potential to make a big impact.

Paul Davidson, Partner at Octopus Ventures, notes, “We’re delighted to be partnering with ThreatMark. The team has had a stellar 12 months of growth, and with our support we’re confident they can continue to build on this momentum by expanding into the UK and US markets. Online banking fraud is a huge and complex problem for the financial services sectors, one that requires an increasingly sophisticated approach to fraud detection. ThreatMark is set to play a progressively central role in combating it.”

Riverside Acceleration Capital (RAC) offers flexible funding and resources to help growing software companies reach their full potential. Since 2016, RAC has supported over 75 B2B software companies and is part of The Riverside Company.

Jonathan Drillings, Partner at Riverside Acceleration Capital said, “ThreatMark’s team has a deep understanding of what it takes to fight fraud in the financial services sector, They’ve integrated that knowledge into proprietary technology that not only addresses the continually evolving nature of cyber threats but does so in a way that makes fraud-fighting tools accessible to a broader range of banks and financial institutions.”

Springtide Ventures is an investment arm of KKCG that focuses on supporting promising early-stage technology companies worldwide.

David Marek, member of ThreatMark’s board of directors, representing Springtide Ventures, its largest shareholder said, “Springtide Ventures is a firm believer in ThreatMark’s mission and is very proud of the progress achieved since our initial investment in 2017. We are confident that this new capital infusion—reflecting investors’ strong confidence in the company and its founders—will enable ThreatMark to seize the increasing opportunities in both the U.S. and European markets, positioning the company as a leader in the fraud prevention space,”.

About ThreatMark

ThreatMark is a leader in fighting fraud. Using advanced AI and behavioral intelligence, they help protect financial institutions, businesses, and customers from fraud, making the digital world safer and more trustworthy.