Garlik, the online identity theft early warning system founded by former Egg executives, has secured £6m in Series B funding from venture capitalists 3i and Doughty Hanson.
This equity injection builds on an initial £3m ($6m) investment from the two firms in January 2006, bringing the total raised to date to just over £9m ($18m). It follows the release of Garlik’s debut product DataPatrol, which launched across the UK in November 2006 and has already amassed over 50,000 registered users.
The subscription-based DataPatrol product tracks consumer personal data across more than four billion Web pages, millions of public records and commercial databases as well as geo-demographic data and a subscriber’s credit profile. It returns a monthly report detailing exactly what information appears, an assessment of how vulnerable the individual is to ID theft and privacy risks and what actions can be taken to reduce the risk and impact of identity theft.
The firm was founded by Mike Harris, founding CEO of UK virtual bank Egg, former Egg CIO Tom Ilube and British Computer Society president Professor Nigel Shadbolt.