GeoComply bolstered by new minority investments

Finance News

GeoComply Solutions has secured minority investments by funds managed by Norwest Venture Partners and Arctos Sports Partners.

Both investment groups will support GeoComply’s continued growth in its core markets and help accelerate its expansion into Financial Services and Media Rights Management. 

GeoComply’s platform is trusted by leading high-tech companies to fight fraud and ensure compliance through its Ground Truth Geolocation™ data platform – a proprietary system handling over one billion transactions a month across hundreds of millions of devices worldwide. With Ground Truth Geolocation data at its core, GeoComply’s technology offers a differentiated and comprehensive solution that solves the growing needs for compliance, fraud, risk management and digital identity. GeoComply is uniquely positioned at the intersection of the fintech, streaming and identity management verticals, representing a total addressable market of $80 billion and growing.  

“In a time when society has serious questions about the security of the internet, our technology is focused on restoring digital trust. 18 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.” said Anna Sainsbury, Co-Founder and CEO, GeoComply. “Despite a challenging tech environment, GeoComply has continued to invest and expand our product and services. Every division of our company is driven by a shared passion to address the evolving challenges facing our communities. For example, our team is leveraging our technology to tackle the high profile compliance failures across the cryptocurrency landscape that have impacted millions of consumers worldwide. We have big plans for 2023 and beyond, and continue to hire and expand as we bring our products and services to more markets and verticals.”