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April 26, 2007

Online ID start-up Garlik Takes $6M VC In Funding

Online identity theft early warning system Garlik has secured £6m in Series B funding from 3i and Doughty Hanson.

The startup had previously raised an initial $6M investment from the two firms in January 2006. Garlik launched in November 2006 and says it has signed up over 50K registered users.

Its subscription-based product tracks consumer personal data including both public records and commercial databases and a subscriber's credit profile and returns a monthly report detailing what information appears, an assessment of how vulnerable the individual is to ID theft and privacy risks and what actions can be taken to reduce the risk and impact of identity theft. The service is initially free, but the premium service will eventually cost £29.99 a year.

The firm was founded by Mike Harris, founding CEO of UK virtual bank Egg. To date, the company has focussed on the UK market. In the US, it would have competitors like CardCops and LifeLock.,

Posted on April 26, 2007 01:06 PM | Posted to Security | Permalink

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