The geolocation and anti-fraud company said Norwest Venture Partners and Arctos Sports Partners made minority investments to support its growth, including expansion into financial services, crypto and media-rights management. It declined to disclose the size of the investment or its valuation. (The Logic)
Skip to content
The geolocation and anti-fraud company said Norwest Venture Partners and Arctos Sports Partners made minority investments to support its growth, including expansion into financial services, crypto and media-rights management. It declined to disclose the size of the investment or its valuation. (The Logic)
Talking point: The new investors will be a strategic resource, GeoComply CEO Anna Sainsbury said in an email to The Logic. Silicon Valley’s Norwest has relationships with large financial institutions, including Wells Fargo, and Texas-based Arctos has investments in the sports and media industry, reportedly owning stakes in more than a dozen major sports teams including the Golden State Warriors and Liverpool Football Club. GeoComply claimed unicorn status, meaning a valuation above $1 billion, in March 2021 when Blackstone Growth and Atairos invested undisclosed sums. Sainsbury said Tuesday ithe company became profitable several years ago, and surpassed US$100 million in annual revenue last year. The company plans to increase its 550-person staff by 200 this year.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Commentary
Carmichael: If an AI jobs apocalypse is coming, we’re not seeing it in the data
Briefing
Anthropic says world needs option to slow AI development, as models learn to self-improve
Ottawa taps the brakes on efforts to speed up project permitting
Kevin O’Leary scales back Wonder Valley Utah plans after objections from a key state legislator
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
