Funds Invest in Privacy Start-Ups

Monday Jun 21st 2010 by Datamation.com Staff
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Venture capitalists are plowing money into privacy-related firms like Abine, ReputationDefender, SafetyWeb, SocialShield and Truste.

Wall Street Journal: Venture capitalists are betting that recently highly publicized privacy scandals at Facebook, AT&T and other organizations will have consumers and businesses looking for products that provide better privacy protection. For example, ReputationDefender recently raised $15 million in new capital, SafetyWeb Inc. has raised $8 million and Truste has closed on $12 million.

"There are at least a dozen [online privacy companies] now in various stages of making the rounds in the venture world," said Theresia Gouw Ranzetta, a venture capitalist at Accel. "We're actively looking for more [privacy] deals."

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