Northzone portfolio company Red Points has secured a $38 million Series C investment, led by Summit Partners.
Red Points, is a Barcelona-based global leader in online IP infringement detection and removal. This latest round brings the company’s total capital raised to $64 million and cementing its global footprint in the online brand protection space. The round was led by Summit Partners, with additional participation from existing investors Northzone, Mangrove, Eight Roads Ventures and Banco Sabadell.
“Brands have never been more vulnerable to the issues of online counterfeiting, piracy and distribution fraud,” said Laura Urquizu, CEO of Red Points. “This growing threat makes it nearly impossible for a company to protect its online assets effectively without full visibility into its brand’s online presence. This investment round from Summit Partners will help to strengthen Red Points’ position as a global leader in addressing the ever-growing, rapidly evolving problem of online brand abuse. With this new funding, we plan to further expand our technology and global footprint with the goal of empowering brands worldwide to seamlessly protect their valuable assets online.”