Raue LLP has advised Earlybird Venture Capital on the financing round for the German-Israeli startup Fraugster. Fraugster raised 5 million US Dollar in the round, in which Earlybird was lead investor.
Fraugster has invented a technology that detects fraudulent online payment transactions by using artificial intelligence. Customers include the credit card company VISA.
Earlybird is a venture capital firm that predominantly invests in technology based companies. The firm is focused on early stage investments. Raue LLP has previously been advising Earlybird, most recently on the 40 million US Dollar Series B financing round for FinTech startup N26 (more information here).
(17 February 2017)