Smart Protection has closed a Series B funding round worth €10 million, co-led by the Dutch firm Knight Capital, the Spanish-Israeli Swanlaab Venture Factory, alongside CDTI.
Existing investors Nauta Capital, JME Ventures, Bankinter, Big Sur Ventures and Telefónica, have also participated in the investment process.
Smart Protection has now received funding totaling more than €20 million to combat piracy and counterfeiting on the internet through its technological platform.
The Spanish company currently works with clients across 25 countries, and 76% of its income is generated from companies outside of Spain.
Commenting on the investment Javier Perea, the CEO and co-founder, said, ”With this investment, we will accelerate our international expansion and broaden our technological solutions to protect brands from reputational damage and the loss of profits that counterfeits online cause.”