M&A Deal Summary

Visa Acquires Featurespace

On September 26, 2024, Visa acquired software company Featurespace from Invoke Capital and Highland Europe

Acquisition Highlights
  • This is Visa’s 3rd transaction in the Software sector.
  • This is Visa’s 5th transaction in the United Kingdom.

M&A Deal Summary

Date 2024-09-26
Target Featurespace
Sector Software
Buyer(s) Visa
Sellers(s) Invoke Capital
Highland Europe
Deal Type Add-on Acquisition

Target

Featurespace

Cambridge, United Kingdom
Featurespace is a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks. Featurespace was founded in 2008 and is based in Cambridge, England.

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Buyer(S) 1

Buyer

Visa

San Francisco, California, United States

Category Company
Founded 1958
Sector Financial Services
Employees34,100
Revenue 40.0B USD (2025)
DESCRIPTION
Visa office in Foster City, California.
Visa office in Foster City, California.

Visa is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries. Visa was founded in 1958 and is based in San Francisco, California.


DEAL STATS #
Overall 17 of 17
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 16 of 16
Country: United Kingdom M&A 5 of 5
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-15 Prosa

México, Mexico

Prosa is a digital payment processor that facilitates transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories. Prosa is based in México City.

Buy -

Seller(S) 2

DESCRIPTION

Invoke Capital is a stage agnostic investment group focused on the technology sector. The Firm seeks opportunities across Europe and will consider investing in start-ups to mature companies. Invoke Capital was formed in 2012 and is headquartered in London.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-30 Darktrace

Cambridge, United Kingdom

Darktrace is a provider of cyber defense software that helps enterprises and government bodies protect themselves against advanced attacks and data compromises from within the network. Darktrace's approach allows enterprises to protect their information and intellectual property from state sponsored, criminal groups or malicious employees whom are already inside the networks of every critical infrastructure company. Darktrace combines decades of government cyber threat expertise with world-leading University of Cambridge mathematicians, and software engineers who have experience deploying the largest, most sensitive software. Darktrace was incorporated in 2013 and is based in Cambridge, the United Kingdom.

Sell -
DESCRIPTION

Highland Europe is a growth capital investor focused on technology enabled companies addressing large market opportunities in internet, mobile and software. The Firm looks to commit €10 to €30 million in fast growth companies with at least €10 million in annual sales. The Firm will consider opportunities throughout Western Europe with global ambitions. Highland Europe was formed in 2012 and is headquartered in London.


DEAL STATS #
Overall 9 of 12
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 7
Country: United Kingdom M&A 5 of 7
Year: 2024 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-19 MEDIA Central

Mönchengladbach, Germany

MEDIA Central is an European solution provider for offer communication and distributes advertising messages in 24 European countries with maximum efficiency based on industry-leading geo-data. MEDIA Central was founded in 1997 and is based in Monchengladbach, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-10 LoveCrafts

London, United Kingdom

LoveCrafts provides an online community for customers interested in craft-design, who use the platform to buy supplies and share projects. LoveCrafts was established in 2012 and is based in London, United Kingdom.

Sell -