Kasada achieves US$23m capital raising

Kasada achieves US$23m capital raising

13 January 2022 By Naomi Neilson

StepStone Group, which recently acquired venture capital platform Greenspring Associates, has led the US$23 million capital raising of Kasada.

Firm: Herbert Smith Freehills (Kasada)

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Deal: Herbert Smith Freehills (HSF) has advised Kasada on its US$23 million Series C capital raising led by StepStone Group.

Value: US$23 million.

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Area: Capital raising.

Key players: The HSF team was led by partner and co-head of venture capital (Australia) Clayton James and solicitor Vincent Greco Schwartz.

Deal significance: Kasada is an Australian cyber security company that foils malicious threats from login to data-scraping across web, mobile and API channels. Its category-defining web traffic integrity solution gives internet control and safety back to humans. Kasada now protects more than $20 billion in e-commerce annually and stops over five billion monthly requests left undetected by legacy systems.

Commenting on the deal, Mr Schwartz said: “Kasada has done an exceptional job of scaling up its customer base and we are thrilled to be a part of the company’s expansion onto the global stage. This further funding round is a testament to its best in class, anti-bot solutions and a recognition of the importance in protecting against the rising threat of cybercriminals.”

Kasada achieves US$23m capital raising
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