Fingerprint secures $33 million in Series C funding from Nexus
Funding alerts
- byStartup Story | October 18, 2023
Fingerprint, a device intelligence platform, has successfully raised $33 million in a Series C funding round, led by existing backer Nexus Venture Partners. California-based early stage investor Uncorrated Ventures also participated in the round.
The Chicago-based company plans to use the funding to accelerate adoption to large enterprise customers, strengthen its technology stack and improve product features.
This funding round follows Fingerprint’s Series B round in 2021, which secured a $32 million investment led by Craft Ventures with participation from Nexus Venture Partners and Uncorrelated Ventures. . To date, the company has raised a total of $77 million.
Founded in 2019, Fingerprint provides a device intelligence platform that helps businesses fight fraud and improve user experience. It processes nearly 100 signals from browsers, devices, and networks to create a stable, persistent, and unique visitor identifier that makes it easier to understand visitor behavior. Fingerprinting provides developers with a means to establish device identity through a flexible application programming interface (API). This helps identify fraudulent activity while ensuring a smooth user experience.
The company has partnered with around 6,000 companies across the world, including prominent Indian companies such as Tata Digital, Zee5, Junglee and Park+.
“Fingerprinting addresses the challenge of sophisticated attacks by online fraudsters by enabling precise device identification and providing additional signals that inform visitor intent without disrupting legitimate users.” said Dan Pinto, co-founder and CEO of Fingerprint.
Abhishek Sharma, Managing Director, Nexus Venture Partners, added: “Fingerprint’s device intelligence API helps large websites and apps prevent fraudulent transactions. The company has achieved significant commercial growth over the past three years and has a strong product-market fit. We have proven it.”
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Nexus Ventures, known for its early investments in companies such as Snapdeal, Delhivery, Hasura, and WhiteHatJr, recently closed its seventh venture capital fund, Nexus Ventures VII, focused on India and the US. The fund, which has raised $700 million, aims to support disruptive companies in the fields of AI, SaaS, fintech, and commerce. The company has a history of supporting entrepreneurial ventures with progressively larger funding rounds over the years.
