PR86694

MADRID, Nov. 18, 2020 /PRNewswire=KYODO JBN/ --

-- 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 ofcybersecurity, 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