On April 19, 2022, SEON, a London-based Anglo-Hungarian start-up that powers online fraud prevention, raised $94 million in Series B funding. The round was led by Silicon Valley-based IVP, and included existing investors Creandum and PortfoLion. Angel investors including founders and senior executives from product-led tech companies Aiven, Coinbase, DataDog, DoorDash, Figma, G2, GitHub, Public, Slack, Supercell, UiPath, Veriff, and Wise also participated in the round. Wilson Sonsini Goodrich & Rosati advised SEON on the transaction in collaboration with Taylor Wessing.

SEON is a fraud prevention solution for fintech leaders like Revolut, NuBank, Afterpay, Patreon, Sorare, and mollie. The company’s industry-leading solution uses AI and fully explainable machine learning to adapt across sectors. The funding will be used to expand SEON’s presence in North America, LATAM, and APAC, build partnerships with leading e-commerce platforms, heighten product functionality, and integrate additional data sources to help customers better fight fraud.

The Wilson Sonsini team that advised SEON on the transaction included:

Corporate
Michael Labriola
Alex Moffitt
David Patterson
Jose Campos
Kailey Paglia

Antitrust
Beau Buffier
Kimberley Biagioli

Employment Litigation
Jason Storck

National Security
Stephen Heifetz
Jonathan Davey
Anne Seymour

Privacy and Cybersecurity
Matthew Staples
Daniel Chen

IP Litigation
Brian Levy

For more information, please see SEON's press release.