Geolocation security provider GeoComply has secured minority investments from funds managed by Norwest Venture Partners and Arctos Sports Partners. Investments are expected to help GeoComply accelerate its expansion into financial services and media rights management, the company said in a news release. Specifics of the investments were not disclosed.
“In a time when society has serious questions about the security of the internet, our technology is focused on restoring digital trust,” Anna Sainsbury, GeoComply co-founder and CEO, said in the news release. “Eighteen months after bringing on Blackstone as our first institutional investor, we’re very excited to be working with Norwest and Arctos. With their added support we will take our Ground Truth Geolocation platform into broader technology markets, so these industries can also receive the level of reliability and credibility GeoComply has consistently delivered to our core regulated internet gaming and sports betting clients.”
GeoComply’s customers includes Akamai, Amazon Prime Video, BBC, BetMGM, DraftKings, FanDuel and Sightline.