First investment

1 January 2010

Status

Current

Total investment

£2.37m

Fund

Ventures

Featurespace uses machine learning (adaptive behavioural analytics) to deliver world-leading, real-time fraud detection solution to the financial services industry.

Nesta first invested £650k in 2010, becoming the company’s first institutional investor. Since then, we have invested in 4 further funding rounds, investing £2.3m in total as the company has gone on to raise c.£50m from VCs including IP Group, Highland Europe, Insight, TTV and Invoke.

During our involvement with the company, Featurespace has transitioned from a technical consulting company into a market-leading fraud detection provider, partnering and licensing its technology to some of the foremost players in the financial services industry across the globe.

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