Boldstart Ventures, a New York-based firm investing in enterprise software, has raised $40.65m for its fourth fund.
The fund is over halfway to its $75m target, having collected commitment from LPs according to a filing with the Securities and Exchange Commission. Fund IV comes nearly two years after Boldstart closed its predecessor on $47m.
Earlier this year, the seed and enterprise focused venture capital firm took part in a $30m Series B round for BigID. Based in New York and Tel Aviv with a European office in London, BigID uses advanced machine learning and identity intelligence to help enterprises protect their customer and employee data at petabyte scale.
Its technology helps organisations replace inaccurate survey and spreadsheet-based privacy compliance with data-centric enterprise privacy management. It helps enterprises to find, protect and govern personal data at scale and meet emerging privacy and data protection regulations like the EU’s General Data Protection Regulation (GDPR).
Boldstart Ventures’ portfolio also includes SecurityScorecard, a security risk benchmarking platform. The SecurityScorecard platform provides CISOs, security practitioners, risk management professionals, and boards of directors with an outside-in view of the security posture of their entire ecosystem, including their own IT infrastructure as well as their third and fourth-party vendors. The platform continuously monitors the security posture of more than 200,000 enterprises and government agencies and evaluates them based on hundreds of indicators of compromise. Boldstart participated in the cybersecurity company’s $27.5m Series C funding round in October 2017.
The firm’s previous investment also includes Truly, an all-cellular enterprise phone system platform that makes conversations trackable. It claims to be the only vertically integrated enterprise solution that combines voice, carrier infrastructure, and artificial intelligence in a single platform.
Boldstart has also backed HYPR, which provides enterprises an end-to-end solution for deploying decentralized biometric authentication securely across millions of users. Its software is integrated into employee and customer-facing applications to eliminate fraud, enhance user experience, and increase revenue.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
