LogDog, a Tel Aviv, Israel-based personal security app, completed a $3.5m financing round.
The investment, which followed a seed round that was completed last fall, was led by BRM Group with participation from existing investors TheTime VC, FirstTime Ventures, Maxfield Capital and Curious Minds Investments.
The company intends to use the funds to expand R&D efforts, roll out additional features on its Android app and introduce an iOS version of the app. It is also expanding its headcount, expecting to double its team over the next year.
Led by Uri Brison, Founder and CEO, LogDog is an anti-hacking solution that guards users’ online accounts by monitoring activity across multiple online services. It sends alerts to users when a security breach is detected so that users can take action to protect their accounts before it’s too late.
In addition to the funding round, the company is also rolling out support for Twitter. The app is also enabled for Facebook, Dropbox, Gmail, Evernote and Yahoo!, with protection for Instagram and other online accounts to be introduced in the near future.
FinSMEs
16/07/2015