Lifelock, an online identity management and identity theft prevention company based in Phoenix has raised $6 million in Series B funding from Kleiner Perkins Caufield & Byers, according to sources familiar with the company. Lifelock is currently being valued in excess of $40 million.
The company, which has about 100,000 paying customers, received $2 million in seed funding, and another $5 million from Bessemer Ventures prior to this round of funding. The start-up, which is said to be profitable is a competitor to TrustedID, Truston and Intersections.
And in other VC news….
- TechForward raised an undisclosed amount in Series A financing led by First Round Capital. The LA-based start-up basically allows consumers to recoup the value of their consumer electronic devices via trade-ins. Not bad in these days of short life cycles for devices.
- Wiral Internet Group’s Stockholm-based shopping service has raised a $2.8 million investment from Northzone Ventures for its new product, TestFreaks, which will “extract, analyze and process information from different areas such as expert reviews, user reviews, video reviews, blogs, news sites and forums.”
- Podbridge has raised $8.5 Million in series B funding led by Sutter Hill Ventures, along with Mayfield Fund and Worldview Technology Partners.