Nauta Capital leads €5.2m series-A for Smart Protection
Pan-European venture capital firm Nauta Capital has led a €5.2m series-A funding round for Madrid-based Smart Protection, a technology startup dedicated to combating online piracy and counterfeiting.
The company's existing backers, Wayra (Telefonica's open innovation hub), JME Ventures, Bankinter and Big Sur Ventures, also participated in the round.
Smart Protection intends to use the capital to boost its international expansion, scale up its team and accelerate the development of its AI technology.
Nauta deployed capital from its €155m Nauta IV Tech Invest fund. The vehicle targets European software companies and deploys equity tickets of €1-7m. Nauta plans to invest in approximately 25 companies from this fund and has so far backed 19 businesses.
Previous funding
Smart Protection raised seed funding of €760,000 in July 2017, and €880,000 in January 2019 from Wayra, JME, Bankinter and Big Sur.
Company
Founded in 2015 and based in Madrid, Smart Protection specialises in online content and brand protection.
Smart Protection's platform detects and eliminates brand and product infringements on the internet using data technologies. The startup then analyses the gathered information using machine-learning technology to eliminate infringements at 95% efficiency.
The company claims to be able to take down links used for piracy or counterfeiting in a matter of hours and to have delisted 11 million hyperlinks on Google so far.
Its client base includes TV and media publishers based in 18 countries across Europe, the US and Latin America, such as Warner Brothers, NBC Universal and Sony Pictures, among others.
People
Smart Protection – Javier Perea (co-founder, CEO).
Nauta Capital – Jordi Vinas (general partner).
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