VC firm takes majority stake in BioCatch at $1.3B valuation

A private equity firm has struck a deal to take majority ownership of behavioral biometrics and fraud prevention business BioCatch, at a valuation of $1.3 billion.

Permira Growth Opportunities is acquiring the shares mainly from Bain Capital and Maverick Ventures. Sapphire Ventures and Macquarie Capital, each existing BioCatch backers, are also increasing their investments in the company.

The secondary transaction is expected to speed up the global expansion of BioCatch’s behavioral biometrics and fraud protection technologies, back product innovation …

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