About Very Good Security
Very Good Security is a company based in San Francisco (United States) founded in 2015 by Marshall Jones and Mahmoud Abdelkader.. Very Good Security has raised $103.5 million across 5 funding rounds from investors including Visa, Vertex Ventures SG and Andreessen Horowitz. The company has 73 employees as of December 31, 2023. Very Good Security offers products and services including Card Management Platform, Network Tokens, and Account Updater. Very Good Security operates in a competitive market with competitors including Quantexa, TokenEx, Evervault, Eckoh and TrustCommerce, among others.
- Headquarter San Francisco, United States
- Employees 73 as on 31 Dec, 2023
- Founders Marshall Jones, Mahmoud Abdelkader
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Very Good Security, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$103.5 M (USD)
in 5 rounds
-
Latest Funding Round
$60 M (USD), Series C
Dec 18, 2020
-
Investors
Visa
& 7 more
-
Employee Count
73
as on Dec 31, 2023
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Very Good Security
Very Good Security offers a comprehensive portfolio of products and services, including Card Management Platform, Network Tokens, and Account Updater. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for secure card data storage and updates.
Service for merchant-specific tokens to reduce fraud.
Tool for updating card information to minimize failed payments.
Unlock access to complete
Funding Insights of Very Good Security
Very Good Security has successfully raised a total of $103.5M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $60 million completed in December 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $60.0M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Series C - Very Good Security | Valuation | Vertex Ventures | |
| Jan, 2020 | Amount | Series B - Very Good Security | Valuation | Visa |
|
| Oct, 2019 | Amount | Series B - Very Good Security | Valuation | Goldman Sachs Investment Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Very Good Security
Very Good Security has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Visa, Vertex Ventures SG and Andreessen Horowitz. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital investments in technology sectors are handled by Andreessen Horowitz.
|
Founded Year | Domain | Location | |
|
Venture capital fund focused on multiple sectors
|
Founded Year | Domain | Location | |
|
Investments are directed toward early-stage consumer-tech startups.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Very Good Security
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Very Good Security
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Very Good Security Comparisons
Competitors of Very Good Security
Very Good Security operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Quantexa, TokenEx, Evervault, Eckoh and TrustCommerce, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-powered data and decision intelligence solutions are provided for businesses.
|
|
| domain | founded_year | HQ Location |
Data security is delivered via tokenization for PCI compliance.
|
|
| domain | founded_year | HQ Location |
Data encryption solution provider
|
|
| domain | founded_year | HQ Location |
Secure customer contact and payment solutions
|
|
| domain | founded_year | HQ Location |
Payment acceptance solutions are provided for diverse sectors including healthcare.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Very Good Security
Frequently Asked Questions about Very Good Security
When was Very Good Security founded?
Very Good Security was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Very Good Security located?
Very Good Security is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Very Good Security?
Mahmoud Abdelkader is the current CEO of Very Good Security. They have also founded this company.
Is Very Good Security a funded company?
Very Good Security is a funded company, having raised a total of $103.5M across 5 funding rounds to date. The company's 1st funding round was a Series B of $35M, raised on Jun 01, 2016.
How many employees does Very Good Security have?
As of Dec 31, 2023, the latest employee count at Very Good Security is 73.
What does Very Good Security do?
Very Good Security was founded in 2015 and is headquartered in San Francisco, United States. Cloud-based platforms for data privacy and security are offered, supporting compliance and risk management in sectors like finance and hospitality. Key services encompass PCI compliance, API tokenization, payments orchestration, card issuance, network tokens, bank payments, and omni-channel loyalty systems. Operations focus on enabling secure data handling across various industries.
Who are the top competitors of Very Good Security?
What products or services does Very Good Security offer?
Very Good Security offers Card Management Platform, Network Tokens, and Account Updater.
Who are Very Good Security's investors?
Very Good Security has 8 investors. Key investors include Visa, Vertex Ventures SG, Andreessen Horowitz, Goldman Sachs Investment Partners, and SciFi VC.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.