PrivacyHawk, a consumer data protection firm, has announced a significant milestone, celebrating surpassing 1 million users in just two years of operation.
Alongside this achievement, the company has successfully secured an additional $3m in capital. This funding round saw participation from an array of strategic investors including US News & World Report and K Street Capital, as well as ffVC, Cadron Capital, Alliance Catalyst Fund, Array, Liebenthal Ventures, Alumni Ventures, Duro, and Gaingels.
PrivacyHawk is carving a niche in the FinTech sector by offering robust personal data protection services. In an era dominated by digital data transactions, the company’s solutions are crucial for safeguarding consumer information against data breaches and unauthorized data sales.
The success of PrivacyHawk hinges on its innovative privacy app, which helps reduce users’ digital footprints by identifying and removing their personal data from numerous databases and data brokers.
The newly acquired funds are earmarked for enhancing PrivacyHawk’s flagship privacy application. The company aims to expand its reach and elevate consumer awareness about the risks of personal data exposure, thereby mitigating potential threats such as spam, scams, and identity theft. This investment will catalyse the development of cutting-edge features and scale up the solution to meet the growing demand for data protection.
In addition to the financial boost, PrivacyHawk has demonstrated remarkable growth, reporting a 1100% increase in 2023. The company is on track to continue this trend in 2024, solidifying its position as one of the fastest-growing consumer technology enterprises globally.
K Street Capital Managing Director and Founder Paige Soya expressed enthusiasm about their involvement, “K Street Capital is excited to have invested in PrivacyHawk’s recent funding round,” she said. “We love that this is a mission-driven product solving a huge problem. And this is the right team to be the ones to lead this explosive new category.”
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