Social

Reputation.com Raises a New $41 Million Round

Published on July 19, 2011
by Pui-Wing Tam

Reputation.com has raised a $41 million round of funding, as the online privacy start-up aims to expand its business with new offerings.

The new round was led by venture-capital firm August Capital, with participation from Insight Capital and existing investors including Jafco Ventures, Kleiner Perkins Caufield & Byers and Bessemer Venture Partners, said Reputation.com CEO Michael Fertik. The round, which Fertik said was oversubscribed, brings the company’s total capital raised to more than $65 million. It was the company’s fourth round of institutional financing, otherwise known as a Series D.

Fertik said Reputation.com decided to raise more money because it is planning a big push into a new line of business. To date, the company has offered several services that help consumers manage their privacy, information and reputation online. Now Reputation.com has also built a dataset business–essentially, the start-up has collected data on individuals and layered that information with its own technologies–which allows the company to come up with assessments on people, among other things.

Read the rest of this post on the original site »

Return to: Reputation.com Raises a New $41 Million Round

URL: http://allthingsd.com/20110719/reputation-com-raises-a-new-41-million-round/