Information on LifeLock's stability and Growth
LIFELOCK ® RECEIVES $25,000,000 IN SERIES C FUNDING
idtheftquiz.org Article copyright 2012
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TEMPE, Arizona– January Twenty Third, 2008 – Life Lock ® CEO Todd Davis announced today that the organization has secured $25,000,000 in Series C funding. The funding was led by the Goldman Sachs Group, Inc. LifeLock will use the funding to further support Life Lock's astounding growth and to continue it's mission in providing an exemplary service to those people concerned with identity theft.
“We will use these funds as we support our remarkable growth and as we continue to look for ways to reach and educate the millions of Americans that are unaware of the threat posed by identity thieves. We would like to thank Goldman Sachs for their investment in us,” said Davis.
Founded in 2005 by a series of professionals in the banking, payment, credit and security industries, LifeLock has grown into one of the fastest growing companies in Arizona. These individuals have set out to defend Americans from the onslaught of identity theft at a time when personal information is compromised daily.
Located in a secure facility in Tempe, Arizona, LifeLock enables “locks” by setting and automatically renewing fraud alerts with the major credit bureaus, removing member names from pre-approved credit card offers and junk mail lists. It is backed by a $1 million total service guarantee. Recently, LifeLock added an additional service to all members – free of charge – called WalletLock ™. WalletLock works to cancel and replace all documents and personal identifying information inside a wallet if it is lost or stolen.
“Our investment in Life Lock is consistent with our desire to partner with leading companies in capturing outstanding market opportunities,” said Gene Yoon of Goldman, Sachs & Co. “This investment underscores our belief in LifeLock's market position and value proposition in protecting consumers from a highly pervasive problem.”
Along with Goldman Sachs, additional investors include Series B investor Kleiner Perkins Caufield & Byers and the Series A lead investor Bessemer Venture Partners.
About Life Lock ®
LifeLock (http://www.lifelock.com/default.aspx?promocode=Defense) helps consumers to render their personal information useless to thieves, backing up its service with a one million-dollar service guarantee. Famous for its CEO giving out his Social Security Number in advertising and national press, the company is experiencing astounding growth. Located in a secure facility in Tempe, Arizona, LifeLock is a private company backed by Goldman Sachs, Kleiner Perkins Caufield and Byers, as well as Bessemer Venture Partners. Winner of the 2007 American Business Award for the Best Radio Advertising Campaign, LifeLock was a finalist for 10 other ABA awards, including Best New Company and Best New Product/Service. Recently the company was named recipient of the Red Herring 100 Global Award as one of the Top 100 start-up’s in the world.
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