Forter hits $3bn valuation following $300m funding round

E-commerce fraud prevention company Forter has raised $300 million in Series F funding, valuing the company at $3 billion.

The announcement comes six-months after the business completed a $125 million Series E round.

Forter said it would use the additional funding to expand its global ecosystem.

Over the past 12 months, the company has doubled the size of its global network of merchants to exceed more than $250 billion in annual online transactions.

Its revenue has grown by more than 100 per cent across the past year.

“The funding will enable us to accelerate our growth trajectory by investing in talent, technology and continued global expansion,” said Michael Reitblat, chief executive and co-founder, Forter.

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