Google Ventures, the corporate venturing unit of search engine Google, has participted in a $20m series B round for US-based web security start-up Shape Security.
Venture capital firm Venrock led the B round, with participation from peers Kleiner Perkins Caufield & Byers, Allegis Capital and Google chairman Eric Schmidt’s TomorrowVentures investment firm and Enrique Salem, former chief executive of technology company Symantec.
In July last year, Google Ventures topped up Shape’s A round, which initially raised $5.6m of a planned $5.8m round, according to a filing with US regulator the Securities and Exchange Commission.
Other backers of the A round were venture firm Baseline Ventures, former partners at venture firms Sequoia Capital and Accel Partners, and executives from technology companies Dropbox, Facebook, LinkedIn, and Twitter.