Red Points raises $38m in third-round financing

Brand protection specialist Red Points has raised $38 million in a series C funding round led by Summit Partners.

This latest round was backed by Northzone, Mangrove, Eight Roads, and Banco Sabadell and brings the company’s total venture capital raised to date to $64m. Red Points specialises in online intellectual property (IP) infringement detection and removal.

“Brands have never been more vulnerable to the issues of online counterfeiting, piracy and distribution fraud,” said Laura Urquizu, Red Points’ chief executive. “With this new funding, we plan to further expand our technology and global footprint with the goal of empowering brands worldwide to seamlessly protect their valuable assets online.”