Featurespace: A $925M Acquisition by Visa in 2024
Deal News | Feb 07, 2025 | TempoCap
In 2024, TempoCap observed significant exits in the European venture capital landscape. The notable exits included Featurespace's $925 million cash acquisition by Visa and Onfido's acquisition by Entrust through undisclosed terms. Lumapps was acquired by Bridgepoint for $650 million, and BeReal by Voodoo for $540 million, both in cash transactions. Dedrone's $500 million acquisition by Axon was another notable transaction, while WeTransfer was acquired for $760 million by Bending Spoons in a cash and shares deal. Additionally, Landvault was acquired by Infinite Reality for $450 million, valued in shares. Despite the decline in European VC exit values in recent years, 2024 showed signs of recovery with a total VC exit value of 34 billion euros, primarily driven by acquisitions. Surveyed VC fund managers predict increased exit activity in 2025 due to factors such as a lower interest rate environment and potential IPO opportunities in the US and Europe.
Sectors
- Venture Capital
- Technology
- Finance
Geography
- Europe – The article focuses on European venture capital activities and exits in 2024.
- United States – Includes mentions of the US IPO market reopening, impacting European tech companies considering listings.
Industry
- Venture Capital – The article discusses major venture capital-backed exits and investment trends in Europe in 2024.
- Technology – The companies involved in the exits, such as Featurespace and Onfido, operate within the technology sector, focusing on AI, fraud detection, and other innovative solutions.
- Finance – Many of the exits involve financial transactions, including acquisitions of technology companies with solutions for financial services.
Financials
- 925 million – The acquisition price for Featurespace by Visa.
- 650 million – The acquisition price for Lumapps by Bridgepoint.
- 540 million – The acquisition price for BeReal by Voodoo.
- 500 million – The acquisition price for Dedrone by Axon.
- 760 million – The acquisition price for WeTransfer by Bending Spoons.
- 450 million – The valuation of Landvault in its acquisition by Infinite Reality.
- 34 billion – Total European VC exit activity in 2024, representing a 100% increase year-on-year.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Featurespace | Target Company | Company | A fraud detection and risk management platform acquired by Visa for $925 million. |
| Visa | Bidding Company/Buyer | Company | Acquired Featurespace for $925 million in an all-cash deal. |
| Onfido | Target Company | Company | An identity verification platform acquired by Entrust. |
| Entrust | Bidding Company/Buyer | Company | Acquired Onfido in an all-cash transaction. |
| LumApps | Target Company | Company | An enterprise communication and collaboration platform acquired by Bridgepoint. |
| Bridgepoint | Bidding Company/Buyer | Company | Acquired Lumapps for $650 million in an all-cash deal. |
| BeReal | Target Company | Company | A social media app acquired by Voodoo for $540 million. |
| Voodoo | Bidding Company/Buyer | Company | Acquired BeReal for $540 million in an all-cash deal. |
| Dedrone | Target Company | Company | A counter-drone technology company acquired by Axon for $500 million. |
| Axon | Bidding Company/Buyer | Company | Acquired Dedrone for $500 million in an all-cash deal. |
| WeTransfer | Target Company | Company | A file-sharing platform acquired by Bending Spoons in a cash and shares deal. |
| Bending Spoons | Bidding Company/Buyer | Company | Acquired WeTransfer for $760 million in a cash and shares deal. |
| Landvault | Target Company | Company | A platform specializing in metaverse development, acquired by Infinite Reality. |
| Infinite Reality | Bidding Company/Buyer | Company | Acquired Landvault in an all-shares deal valuing at $450 million. |
| TempoCap | PE Firm | Company | Venture capital firm monitoring and reporting on major VC-backed exits in Europe for 2024. |