Thursday, March 27, 2008

Iovation Adds SAP, European Founders Fund To Investment Round

Portland-based iovation, a firm developing reputation management and fraud prevention software, said today that it has completed its $15M funding round with investments from SAP Ventures and European Founders Fund. The investment is on top of investments by Intel Capital in the funding round, which was originally announced in November of last year. SAP Ventures is the venture capital arm of software firm SAP. European Founders Fund is the investment fund of Marc, Oliver, and Alexander Samwer, who founded eBay Germany and Jamba.