Wednesday, June 16, 2010

LifeLock Raises $14.1M More

Tempe, Arizona-based LifeLock, the controversial provider of identity theft protection services, has raised $14.1M in a new, $15.0M equity funding round, according to a regulatory filing filed Wednesday. Source of the new funding was not disclosed. LifeLock has previously raised venture funding from Bessemer Venture Partners, Biltmore Ventures, Goldman Sachs, and Kleiner Perkins Caufield and Byers. LifeLock offers identity theft protection services to consumers, but has come under fire from the SEC for its advertising, from credit agency Experian and others for its prior techniques for use of their identity theft flags, as well as others for reported abuse of the social security number of CEO Todd Davis--which is heavily used in the firm's advertising. The funding round looks to place the firm's total venture funding at around $91M. More information »