Cheq Raises $150M in Series C Funding


Cheq, a Go-to-Market Security (GTMSec) service with headquarters in Tel Aviv, Israel, raised $150M in Series C funding.

Tiger Global served as the lead investor in the round, which brought the total fundraising to date to $183M. Battery Ventures, Hanaco, Phoenix Insurance, and Key1 Capital also participated.

The cash will be used by the business to hasten the growth and expansion of the teams in charge of sales, marketing, and research and development.

Cheq, led by CEO Guy Tytunovich, offers cybersecurity solutions to Go-to-Market teams to safeguard their data, analytics, sites, eCommerce, and sales pipelines against phoney users, scammers, and dangerous bot traffic. Over 12,000 customers and 50,000 websites worldwide use them.

The organisation, which has offices in New York, Tel Aviv, and Tokyo, wants to grow by almost three times as much across North America, EMEA, and APAC by 2022.