Total amount raised
$182 Millions
Latest funding date
Location
CHEQ has successfully raised significant funding over multiple rounds, attracting notable investors such as Battery Ventures and Tiger Global Management. The company is a global leader in Go-To-Market Security, offering solutions that protect against both automated and human-driven digital threats.
Keep reading to explore the intricacies of CHEQ's fundraising journey and the investors backing this innovative platform.
What Is CHEQ?
Founded in 2016, CHEQ is a global leader in Go-To-Market Security, headquartered in Tel Aviv, Israel. The company was established by Asaf Botovsky, Ehud Levy, Guy Tytunovich, and Omri Tamir.
CHEQ specializes in protecting marketing campaigns, ensuring data privacy, and preventing fraud and abuse. Their solutions are trusted by over 15,000 brands worldwide.
With a team of 251-500 employees, CHEQ continues to innovate in the cybersecurity space, offering a range of products designed to secure the customer journey from click to client.
How Much Funding Has CHEQ Raised?
- Seed Round
- Amount Raised: $1M
- Date: March 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the core technology and establish the company.
- Series A
- Amount Raised: $5M
- Date: June 2018
- Lead Investors: Battery Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the product development and expand the team.
- Series B
- Amount Raised: $26M
- Date: November 2019
- Lead Investors: Battery Ventures, MizMaa Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance marketing efforts and accelerate growth in new markets.
- Series C
- Amount Raised: $150M
- Date: February 2022
- Lead Investors: Tiger Global Management
- Valuation at Round: Estimated to be $1 billion
- Motivation Behind the Round: To expand R&D, sales, and marketing teams, and to support massive growth and expansion.
Total Amount Raised: $182M. Current Valuation: Estimated to be $1 billion.
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a leading investment firm focused on public and private companies in the global Internet, software, consumer, and financial technology industries. The firm has a strong track record of backing category leaders and high-growth companies.
- Investment Focus Areas: Internet, software, consumer, financial technology
- Notable Investments: Facebook, LinkedIn, Spotify
- Battery Ventures
- Details: Battery Ventures is a global, technology-focused investment firm that invests in companies at all stages of growth. The firm has been investing in cutting-edge, category-defining businesses for over 35 years.
- Investment Focus Areas: Technology, innovation, software
- Notable Investments: Nutanix, Coupa, Glassdoor
- Hanaco Ventures
- Details: Hanaco Ventures is a venture capital firm that invests in early and growth-stage technology companies. The firm focuses on supporting innovative startups with the potential for significant market impact.
- Investment Focus Areas: Technology, startups, innovation
- Notable Investments: Via, Moovit
- Phoenix Insurance
- Details: Phoenix Insurance is one of Israel's largest insurance companies, providing a wide range of insurance and financial services. The company has a history of investing in high-growth sectors and innovative technologies.
- Investment Focus Areas: Insurance, financial services, technology
- Notable Investments: Not publicly disclosed
- Key1 Capital
- Details: Key1 Capital is a venture capital firm that invests in high-potential technology companies. The firm aims to support businesses that are driving innovation and growth in their respective industries.
- Investment Focus Areas: Technology, innovation, high-growth companies
- Notable Investments: Not publicly disclosed
What's Next for CHEQ?
CHEQ stands at the cusp of significant growth, driven by the increasing need for robust cybersecurity solutions in digital marketing. With a comprehensive suite of products like CHEQ Acquisition and CHEQ Form Guard, the company is well-positioned to capitalize on the rising demand for data privacy and fraud prevention. The potential to expand into new markets and enhance product offerings presents a substantial opportunity for CHEQ to solidify its market presence.
Future fundraising efforts could be on the horizon as CHEQ aims to scale its operations and invest in research and development. The recent $150 million Series C funding round, led by Tiger Global, underscores investor confidence and sets the stage for further financial backing. However, the company must navigate challenges such as evolving cybersecurity threats and maintaining compliance with data privacy regulations. Balancing rapid growth with operational efficiency will be crucial as CHEQ continues its journey.
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