CAMBRIDGE, Mass.--(BUSINESS WIRE)--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 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.”
Details of the Financing and Executive Interviews
For additional information about this investment or to set up an interview with Abine President & CEO Bill Kerrigan or another executive, please contact Sarah Downey via email at email@example.com or by phone at (617) 429-0024.
About Atlas Venture: Atlas Venture is a leading early-stage venture capital firm that invests in technology and life sciences companies. Since inception in 1980, we have helped build over 350 companies in more than 16 different countries. Atlas Venture is currently investing from its eighth fund and manages over $2 billion in committed capital. For more information, please visit www.atlasventure.com.
About General Catalyst: General Catalyst Partners is a venture capital firm that invests in exceptional entrepreneurs who are building the technology-based companies that will lead innovation and transform industries. Founded in 2000, General Catalyst Partners leverages its principals' extensive operational, business development and technological expertise to provide portfolio companies with a catalyst for success through business-building and partnership development assistance. For more information, please visit:http://www.generalcatalyst.com.
About Abine: Abine, Inc. The Online Privacy Company, is the leading provider of online privacy solutions for consumers. Abine's PrivacySuite products and DeleteMe privacy subscription services allow regular people to regain control over their personal information while continuing to browse, interact, and shop online. For more information: www.abine.com.