Why we doubled down on 4iQ: Adara Ventures view on the $18m Series B

4iQ, a pioneer in identity attribution analysis and a leading provider of intelligence for the largest identity theft protection vendors, announced last week that it closed $18 million in Series B funding, led by C5 Capital and with participation by Forgepoint Capital, Adara Ventures, and Benhamou Global Ventures (BGV). The new investment will be used to accelerate product innovation and customer acquisition. Additionally, André Pienaar, Managing Partner of C5 Capital, and Anik Bose, General Partner of BGV, will join the 4iQ Board of Directors.

“André Pienaar brings a depth of experience in Cyber Intel and Anik Bose is an active investor with a strategic and practical perspective on company building,” said Julio Casal, CTO of 4iQ. “They will accelerate our mission to empower investigators with capabilities to discover, uncover, and disrupt adversaries.”

1. The 4iQ IDLake™ is an archive of more than 14 billion identity records collected from open sources on the deep and dark web.
2. 4iQ IDHunt helps analysts in Fraud Investigation Units, Anti-Money Laundering and Financial Crime Intel Units, and advanced Security Operations Centers leverage the 4iQ IDLake™ and Open Source Intelligence (OSINT) to discover, analyze, and uncover adversaries.
3. 4iQ IDTheft provides real-time alerts of stolen, leaked, or lost credentials and personal information to individuals via 4iQ partners?—?Identity Theft Protection service providers, Security vendors, and large enterprises.

The Adara view: doubling down on best in class cyber technology

We backed 4iQ at the seed stage four years ago and we are delighted to support Julio Casal and the team again in this Series B round.

4iQ has built a best-in-class technology suite and their investigation tools are defining a new category in cybersecurity. Moreover, their impressive list of top tier accounts serves to highlight the value being delivered to national security agencies, governments and enterprises. We are delighted to continue partnering with such a great team and such a distinguished group of investors, like Forgepoint, C5 Capital, and BGV.

We at Adara see 4iQ as the perfect combination of visionary management, unparalleled technology and boundless market opportunity. We look forward to helping them achieve this next stage of their growth journey.