BOSTON–(BUSINESS WIRE)–Memcyco, the real-time digital risk protection platform safeguarding enterprises from brand impersonation scams and account takeover (ATO), today announced it has secured $37 million in Series A funding, bringing the company’s total funding to $47 million.
The oversubscribed round was led by new investors NAventures, the corporate venture arm of National Bank of Canada, E. León Jimenes, and PagsGroup, the family office of Steve Pagliuca, with participation from existing investors Capri Ventures and Venture Guides.
The capital will fuel the global expansion of Memcyco’s agentless platform, which is rapidly replacing reactive fraud defenses with preemptive protection, making digital trust a reality for customers of the world’s largest brands.