Ten Eleven, Seaya lead $11m series-A for Buguroo

Existing investors Inveready and Conexo Ventures also took part in the round.

Following the deal, Ten Eleven's Alex Doll and Paul Ayers, and Seaya Ventures' Beatriz González will join the company board.

The company plans to use the fresh funding to invest in the development of online fraud detection and prevention products, and further expand its operations in Europe and Latin America.

Previous funding
Inveready led a €3m investment round for Buguroo in July 2015.

Company
Founded in 2010 and headquartered in Madrid, Buguroo is a cybersecurity software developer. Its platform combines deep learning, behavioural biometrics, malware detection and device analysis to prevent online fraud. The company has a headcount of 50 and a distribution network spanning 25 countries.

People
Buguroo – Pablo de la Riva (founder, CEO).
Seaya Ventures – Beatriz González (partner).
Ten Eleven Ventures – Alex Doll, Paul Ayers (partners).

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• Topics
• Expansion
• Southern Europe
• Technology
• Spain
• Venture
• Inveready First Capital