Barcelona-based IP and brand protection startup Red Points, which prevents companies from falling victim to counterfeiting and digital piracy, has announced an additional $12 million investment in their Series B round. Eight Roads Ventures joined existing investors Mangrove and Northzone in the round.
Red Points has been rapidly growing since its initial Series B round raised in January. The firm plans to gain global scaling expertise by partnering with Eight Roads Ventures, a venture capital firm which recently announced a $375 million European fund for scale-ups.
“Together with Mangrove and Northzone, Eight Roads Ventures is an essential ally in our fight for a world where brands can rely on technology to solve their problems with counterfeits, piracy and other forms of brand abuse," said Laura Urquizu, CEO of Red Points. "The fact that we’ve managed to attract VCs with strong experience in ecommerce and content platforms is because they too understand the importance of a technology solution in a space that has traditionally been dealt with by law firms.”
“Red Points tackles important issues of counterfeiting and copyright infringement for SMEs and enterprises through its best-in-class SaaS platform," said Davor Hebel, Managing Partner and Head of Eight Roads Ventures Europe. "The company is exactly the kind we like to invest in, scaling fast and with the ambition and product to become a global industry leader. We look forward to working closely with this talented team and leveraging our global platform and experienced operators to support their development.”