Spectrum invests in Netcraft

Netcraft Secures First Financing Over $100 Million From Spectrum Equity; Appoints seasoned tech executive Ryan Woodley as new CEO

Leader in Internet Cybersecurity Solutions for Global Brands and Governments Announces Strategic Milestones to Accelerate Growth.

Salt Lake City, Utah and London, England – July 18, 2023 – Netcraft, the world leader in cybercrime detection, disruption, and suppression, today announced that the company has raised more than $100 million from Spectrum Equity, an equity firm Internet-focused leading growth company. software companies and data services enabled.

Along with the Spectrum investment, the company named longtime technology executive Ryan Woodley as its new CEO. Woodley has decades of experience leading growth-oriented technology companies and an established track record of success. He was previously CEO of Progressive Leasing (NYSE: PRG), a leading financial technology company, which grew from approximately $220 million to $2.5 billion in revenue and went public during his tenure. He also served as COO and CFO at DigiCert, the world’s largest high-assurance digital security certification authority, which nearly tripled in size during his tenure and was successfully sold to a security firm. Private capital. Most recently, Ryan has served on the boards of high-growth technology companies, and Conservice.

Founded by Mike Prettejohn, Netcraft provides cybercrime detection and disruption services. With an advanced technology platform that enables the company to disrupt and stop online cybercrime in an automated way, it has become the world’s largest provider of takedowns delivered as a subscription service to financial institutions, governments and corporations through world level. Spectrum Equity’s investment will help accelerate the company’s strategic plans to drive growth and expand globally.

“I am grateful to my colleagues and our customers who have grown Netcraft from a laptop and modem to the point where it now serves many of the world’s largest businesses and governments, without any outside funding. Having decided to accept growth capital, we chose Spectrum due to its success in scaling other cybercrime businesses, particularly Verafin and Ethoca, prior to their respective sales to Nasdaq and Mastercard,” Prettejohn said.

“Mike and his incredible team have created a truly differentiated offering for organizations of all sizes looking to stop cyberattacks,” said Parag Khandelwal, CEO of Spectrum Equity. “Its scale is a testament to its effectiveness: Netcraft has blocked more than 173 million malicious attacks and eliminates more than 15 million cyberattacks each year. Netcraft eliminates approximately one third of all global phishing attacks on behalf of its customers. We are honored to partner with this company and work closely with Ryan to help bring his solutions to more organizations around the world.”

“This significant funding will help us accelerate progress toward our mission to detect and disrupt large-scale cybercrime to create a safer online experience for all,” said Ryan Woodley, CEO of Netcraft. “Powered by an exceptionally talented team, Netcraft’s speed, scale and effectiveness are unmatched in the global fight against cybercrime. I am excited to join this team and work alongside a distinguished group of customers and partners to advance our innovative approach to protecting the world from cybercrime.”

Netcraft empowers its clients with advanced cyber defense solutions backed by a proven track record of success enabled by:

● Global Threat Intelligence – The data Netcraft has continuously collected over decades uniquely positions the company to leverage its robust threat detection and response platform. Its automated process enables real-time identification and validation of current threats to customers and the global community. Most major browsers and major antivirus software vendors consume Netcraft’s valuable intelligence feeds.

● Fast and effective removals: Netcraft has built a long-standing reputation with hosting companies, DNS providers, registrars, and ISPs. By leveraging these relationships along with sophisticated threat classification, Internet infrastructure knowledge, and a history of previous attacks, Netcraft responds to threats and attacks with exceptional speed and effectively shuts down malicious activity.

● Continuous Innovation: Netcraft’s cybercrime detection and suppression platform combines data-driven automation with artificial and human intelligence to address and eliminate more than 100 types of attacks. Because cybercrime activity is constantly evolving, the company has a team of experts with the agility and experience to respond to new threats and types of attacks as they emerge.

● Transparency and visibility: Netcraft provides detailed evidence of each validated attack and ensures that clients are updated in real time on the progress and status of all active takedowns. Clients can easily access robust reports through your portal or APIs that integrate seamlessly with internal systems.

About NetCraft

Netcraft is a world leader in cybercrime detection and disruption, combining cutting-edge technology with decades of experience to protect organizations of all sizes from digital threats and attacks. Their mission is to detect and disrupt cybercrime at scale through constant innovation, extensive automation, and unique insights, delivering a safer online experience for all. Headquartered in the UK, Netcraft is the trusted cybersecurity partner for three of the largest companies, twelve of the largest banks and governments of five of the world’s largest economies. Netcraft’s comprehensive threat feeds, early fraud detection capabilities, and rapid automated takedowns are unparalleled in the industry, scaling to takedown nearly a third of the world’s phishing sites, blocking more than 170 million sites malicious. For more information, visit

About Spectrum Fairness

Spectrum Equity is a leading growth equity firm providing capital and strategic support to innovative companies in the information economy. Since 1994, the firm has partnered with proven entrepreneurs and management teams to create long-term value in market-leading Internet-enabled software and data services companies. Representative investments include Ancestry, BATS Global Markets, Definitive Healthcare, Ethoca, OffSec, SurveyMonkey, and Verafin. For more information, including a complete list of portfolio investments, please visit


Danielle OstrovskyHi-Touch

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