Forter, a US-based provider of anti-fraud e-commerce technology, has raised $50m in a series D round that included customer relationship management software producer Salesforce’s corporate venturing subsidiary, Salesforce Ventures.
March Capital Partners led the round, which also featured fellow venture capital firms Sequoia Capital, New Enterprise Associates (NEA) and Scale Venture Partners.
Founded in 2013, Forter has created an identity-based platform that detects instances of fraud in real time, covering transactions as well as additional activities such as taking over accounts or abusing the returns system.
The company has now raised a total of $100m, $32m of which came in an April 2016 series C round led by Scale Venture Partners and backed by Sequoia Capital and NEA.
Sequoia had initially provided $3m of series A funding for Forter in 2013 before joining NEA for a $15m series B the following year.
Michael Reitblat, co-founder and chief executive of Forter, said: “Fraud is an ever shifting problem. To get ahead of the curve and support our retail customers in whichever new experiences they want to offer consumers, we plan to double our already massive investment in research and development, expand our global coverage and facilitate further collaboration in the e-commerce and payments ecosystem.”
