Luminii provides CDD support to Octopus and Riverside on their investment in ThreatMark

10 Jan 2025 /

Luminii are delighted to have provided Commercial Due Diligence (CDD) support to Octopus Ventures and Riverside Acceleration Capital on their investment in ThreatMark, a cybersecurity company focused on fraud prevention for financial institutions. 

ThreatMark's $23m fundraise marks a significant milestone for the Company, which was founded in the Czech Republic. ThreatMark's Behavioral Intelligence Platform uniquely combines transactional monitoring, threat detection, and behavior-based authentication to identify and mitigate fraud in real time. By analysing subtle behavioral patterns alongside device and transactional data, ThreatMark empower banks to detect and stop even the most sophisticated attacks, all while ensuring legitimate users remain unaffected.

The funding will be used to expand the Company's market reach, including key regions like the UK and US, accelerate research and development, and enhance solution capabilities. These efforts will help ThreatMark to stay at the forefront of fraud prevention and provide even greater value to its customers.

"Luminii are delighted to have supported Octopus and Riverside on this transaction. This is yet another deal that helps to strengthen our credentials in the TMT and Cybersecurity sectors. We wish Octopus Ventures, Riverside Acceleration Capital and ThreatMark continued success for the future." - Lushani Kodituwakku, Managing Director, Luminii Consulting

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  • Luminii Consulting proved themselves to be a highly flexible and dedicated team who delivered a high quality CDD report in a complex tech sector. They were able to cover a wide scope across multiple geographies to a strict deadline and provided us with the required insight and strategic advice to make an informed decision. We appreciated their effort and enjoyed working with the Luminii team.

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  • Lushani and her team at Luminii delivered a high quality CDD report that exceeded our expectations. We were particularly pleased with the post deal recommendations and informed opinions contained within the report. We wouldn't hesitate to use Luminii's services again on future projects.

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  • We engaged Luminii Consulting for a very targeted piece of commercial diligence in a very short timeframe. Luminii produced an outstanding report exactly on scope in what is a niche market segment. Moreover they managed to produce it in a very short period of time which was essential to getting the deal done.

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  • We enjoyed a strong working relationship with Luminii Consulting. Their work went above and beyond the scope of the CDD and offered strategic insight and advice that has since helped us with both our post-deal strategy and business development.

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