Buzz Archive:
Private Company Valuations: LifeLock, Inc.

by Justin Byers, Business Intelligence Analyst, 7/23/2009

Identity theft continues to be a problem and concern for many. We have covered companies in the past that provide services to help individuals deter identity theft. One of the larger companies in this field is LifeLock, Inc. Earlier in Q2 2009, the company closed on a new round of financing for approximately $40 MM. This week we are going to take a look at this latest round.

Headquartered in Tempe, Arizone, LifeLock, Inc. provides online identity management and theft prevention solutions. The company gives people control of their own information, giving them the ability to authorize every risky transaction such as address changes and opening of credit lines. Upon becoming a client, LifeLock will set alerts on all of its customer's credit reports. The company recently closed on a Series D round of financing in May 2009, bringing in an additional $40 MM. Participating in this round was Kleiner Perkins Caufield & Byers. The Deal Terms of this latest round were: