Detected Closes Latest Funding Round, Bringing Total Raised To £2m

July 13, 2021

Detected Closes Latest Funding Round, Bringing Total Raised To £2m

13th July 2021 - Detected, the global mark of trust for eCommerce, has completed its latest funding round of £900k. This newest round demonstrates impressive industry backing and strong support for detected. Participants in this round include existing angel investors and institutional stakeholder EmergeVest, plus a new tranche of high-profile investors including:

  • Huw Slater - COO of TravelPerk
  • Laurence Guy - Founder and CEO of We Are Pentagon
  • Tink Taylor - Founder & President of dotMailer and Founder of dotDigital Group plc
  • Ed Hill - SVP EMEA, Bazaarvoice
  • Maropost Ventures

Huw Slater, Chief Operating Officer at TravelPerk, said: “Detected has the winning trifecta: the right team at the right time with the right idea. I’m excited to invest in and support this dynamic young company to build on its already impressive traction.”

Detected Chairman Rob Barnett said: “The business continues to make rapid progress, and we are well supported by our existing and new investors who share our vision.”

Liam Chennells, Chief Executive Officer at detected, said: “Twelve months ago, Detected was an idea; the opportunity to build a business capable of solving an existential problem facing the entire eCommerce industry. Buyer trust, and for marketplaces, knowing who your sellers are. I couldn’t be prouder of our team and what they have achieved already.

“We have built a completely bespoke AI-powered platform that draws on seller information in more than 160 countries and checks over 1 billion business records to create a consistent profile for every online seller. We are actively solving the challenge of Know Your Business (KYB) requirements for marketplaces, and this new investment lets us rapidly scale the value we provide customers around the world.”

Detected will use this capital to grow its team, develop its technology further and capitalise on its commercial traction.

This investment round follows a pre-seed round in September 2020 and a seed round in November 2020, which saw TrustPilot Chief Technology and Product Officer, Stephen Garland, join the company’s advisory board.

Article by

Press contact

If you have any questions, our press team will be more than happy to help.

More press releases

February 2, 2023

London fintech Detected hires Mike Ainslie as CFO

Detected is pleased to announce the appointment of Mike Ainslie as Chief Financial Officer, effective immediately. Mike brings a wealth of experience in the financial and operations industry, having served as COO of World-Check and more recently as CFO at Yell.
January 12, 2023

Detected closes £2.5m in financing round including a strategic investment from Thomson Reuters Ventures

Detected has secured £2.5m in its financing round fundraise, including investment from Thomson Reuters Ventures, Love Ventures and powerful industry angels
October 31, 2022

Detected ranks in top three of RegTech 50 list

New ranking adds to growing number of accolades awarded in Detected’s journey to revolutionise onboarding in the payments industry

Making headlines

We've made headlines in some of the world’s most respected media titles.