The round was led by the venture capital firm ONSET Ventures, which is a new investor. Existing investors Bertelsmann Digital Media Investments, DCM and Leader Ventures have also participated in the financing round. David Lane and Keith Titan, the representatives of ONSET Ventures and BDMI, have been appointed members of the companys board of directors.
Vindicia provides an on-demand billing and fraud management service for online merchants in markets such as gaming, software, dating, social networking and online content. In 2009, the company expects to register profitability on revenues between USD 6 and USD 8 million, while in 2008, Vindicia registered over 58 million online transactions, averaging 160,000 transactions per day.
The total amount of financing invested in Vindicia now reaches USD 21 million.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now