Netcraft has announced the conclusion of a $100 million fundraise from growth equity firm Spectrum Equity.

The Bath, UK-headquartered cyber-crime detection and disruption firm said the funding would help accelerate its strategic plans to drive growth and expand globally.

Netcraft’s platform serves to disrupt and take down cybercrime online in an automated manner, and since its inception in 1994, the company has become the world’s largest provider of takedowns which are delivered as a subscription service to the likes of financial institutions, governments, and corporations globally.

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

In line with the fundraise, Netcraft has also named Ryan Woodley as its new chief executive. Woodley previously served as chief executive of FinTech holding company Progressive Leasing.

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