Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, November 18 2020 - 20:00
AsiaNet
Smart Protection closes EUR 10M round to protect brands against online counterfeiting
MADRID, Nov. 18, 2020 /PRNewswire-AsiaNet/ --

-- The investment round is co-led by the Dutch fund Knight Capital along with 
the Spanish-Israeli Swanlaab Venture Factory and the CDTI.
-- Smart Protection is a Spanish company dedicated to the protection of brands 
against counterfeits and brand abuse online.
-- With this new investment the company will continue adding the best global 
talent to keep developing its technological platform.

Smart Protection ( https://smartprotection.com/en/ ) has closed a Series B 
funding round worth 10 million euro, co-led by the Dutch firm Knight Capital ( 
https://www.knight.vc/ ), the Spanish-Israeli Swanlaab Venture Factory ( 
https://swanlaab.com/ ), specialized in SaaS B2B, alongside CDTI ( 
https://www.cdti.es/ ), the Spanish National Innovation Agency.

Photo - https://mma.prnewswire.com/media/1337176/Smartprotection.jpg 

Existing investors Nauta Capital ( https://nautacapital.com/ ), JME Ventures ( 
https://www.jme.vc/ ), Bankinter ( https://www.bankinter.com/ ), Big Sur 
Ventures ( https://www.bigsurventures.es/en/ ) and Telefonica, through their 
new investment vehicle Telefonica Tech Ventures ( 
https://techventures.telefonica.com/ ) specialized in the field of 
cybersecurity, have also participated in the investment process. 

Smart Protection has now received funding totaling more than 20 million euro to 
combat piracy and counterfeiting on the internet through its technological 
platform.

Commenting on the investment Javier Perea, the CEO and co-founder of Smart 
Protection, said, "With this investment, we will accelerate our international 
expansion and broaden our technological solutions to protect brands from 
reputational damage and the loss of profits that counterfeits online cause."

Even in times of COVID-19, the Spanish scale-up has experienced rapid growth in 
2020, which is reflected in doubling of its turnover compared to 2019 results. 
Smart Protection currently works with clients across 25 countries, and 76% of 
its income is generated from companies outside of Spain. 

"Piracy and online counterfeiting are a problem on a global scale," says 
Diederik Ingen Housz, Managing Partner of Knight Capital. "Smart Protection is 
one of the few companies in the world with the technology capable of addressing 
this issue."

Smart Protection continues to form one of the best engineering teams in the 
world, and this round allows them to continue adding the brightest talent. This 
in turn will boost the development of its technological platform with the 
highest level of experience, and the latest advancements in artificial 
intelligence. 

Mark Kavelaars, Managing Partner of Swanlaab Venture Factory states that "We 
are looking for solid companies formed by teams capable of becoming global 
leaders in their category, competing with the best technology and with products 
that generate a positive long-term impact on society. Smart Protection fulfills 
this purpose, and we believe that it will be the benchmark for its category."

About 

Smart Protection ( https://smartprotection.com/en/ )
Knight Capital ( https://www.knight.vc/ )
Swanlaab Venture Factory ( https://swanlaab.com/ ), 
CDTI ( https://www.cdti.es/ )
Nauta Capital ( https://nautacapital.com/ )
Telefonica Tech Ventures ( https://techventures.telefonica.com/ )

To request an interview or materials

giovanna.marmo@smartprotection.com 

reyes@rgtogether.com

+34 609 60 40 63 

SOURCE Smart Protection
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