Tampa cybersecurity firm raises $13M in first major funding round

Scamnetic, a Tampa-based cybersecurity firm, announced on Wednesday that it received $13 million in Series A funding from four different investors. The funding grew the company’s valuation to $16 million– an increase of 433%. 

According to the company,  Roo Capital led the round, with 1st and Main Growth Partners, SaaS Ventures and Riptide Ventures also participating in funding.

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Scamnetic is focused on using AI-powered software products like its trademarked IDeveryone and Scan & Score to detect potential scams. The company plans to use the funds for marketing and sales of the product in addition to customer support, according to a statement. 

“We’ve always believed that the greatest threat to consumers isn’t just fraud — it’s the erosion of trust. This raise enables us to accelerate our mission: restoring confidence in a world increasingly plagued by scams. We’re grateful for our partners who continue to collaborate with us in this critical fight, as scams remain the most reported crime globally — highlighting the tremendous market opportunity ahead,” says John Evans, co-founder and CEO of Scamnetic in a released statement.

Scamnetic was co-founded in 2023 by John Evans and Al Pascual. Both have a background in cybercrime and cybermonitoring, and had overlapping experience at Sontiq according to LinkedIn. The company says its mission is to protect individuals and businesses from unsafe interactions in an “increasingly complex digital world.”