Digital fraud detection startup BioCatch hits $1.3B valuation as Permira buys majority stake
https://techcrunch.com/2024/05/02/permira-to-acquire-digital-fraud-detection-company-biocatch-in-1-3b-deal/
Digital fraud detection company BioCatch has a new majority shareholder: U.K-based private equity firm, Permira, is acquiring shares in the company “primarily” from existing investors including Bain Capital, Maverick Ventures, and Tech Opportunities, in a secondary market transaction that values BioCatch at $1.3 billion.
Existing shareholders Sapphire Ventures and Macquarie Capital are also increasing their stake in BioCatch, though the firms did not mention by how much. Permira also refused to confirm how much of a majority stake it now has in BioCatch.