Mangrove leads €2m round for Red Points
Venture capital house Mangrove Capital Partners has led a €2m funding round for Spanish internet security business Red Points.
The company intends to use the fresh capital to expand across North America.
Following the deal, the Luxembourg-based GP will retain a minority stake in the business alongside existing investors, including Bstartup, the accelerator owned by Spanish bank Banco Sabadell.
Company
Headquartered in Barcelona, Red Points was founded in 2011. The company develops internet security software to prevent cyberattacks and detect counterfeit goods sold online.
People
Mangrove Capital Partners – David Waroquier (partner).
Red Points – Joseph Coll, David Casellas (founders); Laura Urquizu (CEO).
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