Abine Inc., the Online Privacy Company, closed a $5 million Series A round of fundraising from investors Atlas Venture and General Catalyst. Jeff Fagnan, a partner with Atlas Ventures, and David Orfao, a General Catalyst partner, worked on the deal for the VCs. Specifics of the transaction were not publicized.
Atlas Venture & General Catalyst Invest $5.2M in Abine, The Online Privacy Company
CAMBRIDGE, Mass.– Abine, Inc., The Online Privacy Company, announced the closing of a $5m Series A round of funding to extend its leadership in online privacy.
“The fundamental way that people use the Web today and the way that Web companies collect people’s personal information has changed radically in the years between Friendster and Facebook. Controlling our online privacy has become a universal issue: consumers want basic choice and control over how their personal information is tracked, collected and used,” said Bill Kerrigan, Abine President & CEO.
Atlas Venture & General Catalyst are co-leading Abine’s Series A financing. “We are delighted to have two experienced venture investors backing us who understand how to help build great consumer brands like Kayak.com and SiteAdvisor,” said Kerrigan who drove the SiteAdvisor acquisition during his tenure as the global EVP of McAfee’s consumer business.
Jeff Fagnan, Partner at Atlas Venture commented: “We seed-funded the founding team to go do something extraordinary in an area we felt had a lot of white-space. Privacy is the next consumer internet frontier and we are excited to extend our investment in Abine. This is venture-creation in action.”
“Abine’s creating the one-stop shop for consumer online privacy, much like Symantec and McAfee have become today for internet security,” said David Orfao, Partner with General Catalyst.
Abine’s award-winning products and services lead the market for consumer privacy and security and include Do Not Track Plus, DeleteMe, and the full-featured PrivacySuite which stops trackers and data collectors at the top 1,000,000 regularly-visited Web sites.
Abine was founded as the first company dedicated to helping deliver comprehensive online privacy for the regular crowd; Web users not technical enough to cobble together a long list of complicated utilities with hard-to-understand settings and acronyms. Co-founder Eugene Kuznetsov commented: “We founded the company based on a simple premise: people want their privacy back and need an easy way to completely control their digital lives.”
Abine’s award-winning online privacy solutions are available here: http://www.abine.com/.