TEMPE, Ariz.--(Business Wire)--LifeLock(R) CEO Todd Davis announced today that the organization
has secured $25 million in Series C funding led by the Goldman Sachs
Group, Inc. LifeLock will use the funding to further support the
company's astounding growth and to continue its mission in providing
an exemplary service to those people concerned with identity theft.
"We will use these funds as we support our remarkable growth and
as we continue to look for ways to reach and educate the millions of
Americans that are unaware of the threat posed by identity thieves. We
would like to thank Goldman Sachs for their investment in us," said
Davis.
Founded in 2005 by a series of professionals in the banking,
payment, credit and security industries, LifeLock has grown into one
of the fastest growing companies in Arizona. These individuals have
set out to defend Americans from the onslaught of identity theft at a
time when personal information is compromised daily.
Located in a secure facility in Tempe, Arizona, LifeLock enables
"locks" by setting and automatically renewing fraud alerts with the
major credit bureaus, removing member names from pre-approved credit
card offers and junk mail lists. It is backed by a $1 million service
guarantee. Recently, LifeLock added an additional service to all
members - free of charge - called WalletLock(TM). WalletLock works to
cancel and replace all documents and personal identifying information
inside a wallet if it is lost or stolen.
"Our investment in LifeLock is consistent with our desire
to partner with leading companies in capturing outstanding market
opportunities," said Gene Yoon of Goldman, Sachs & Co. "This
investment underscores our belief in LifeLock's market position and
value proposition in protecting consumers from a highly pervasive
problem."
Along with Goldman Sachs, additional investors include Series B
investor Kleiner Perkins Caufield & Byers and the Series A lead
investor Bessemer Venture Partners.
About LifeLock(R)
LifeLock(R) (www.lifelock.com) helps consumers to render their
personal information useless to thieves, backing up its service with a
one million-dollar service guarantee. Famous for its CEO giving out
his Social Security Number in advertising and national press, the
company is experiencing astounding growth. Located in a secure
facility in Tempe, Arizona, LifeLock is a private company backed by
Goldman Sachs, Kleiner Perkins Caufield and Byers, as well as Bessemer
Venture Partners. Winner of the 2007 American Business Award for the
Best Radio Advertising Campaign, LifeLock was a finalist for 10 other
ABA awards, including Best New Company and Best New Product/Service.
Recently the company was named recipient of the Red Herring 100 Global
Award as one of the Top 100 start-up's in the world.
LifeLock
Mike Prusinski
Vice President, Communications
480-544-2222
mike@lifelock.com
or
Tami Nealy
Director of Communications
480-457-2127
tami@lifelock.com
Copyright Business Wire 2008
