Signifyd
- 🦄Became a unicornApr 2021
- 📈Peak valuation$1.34 Billion ’21
- 💔Became a UnitardApr 2022
- 💸Last valuation~$201M
The rise & fall
9 moments · 2011–2026The key moments, with employee sentiment along the way.
💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.
How it happened
Signifyd, founded in Palo Alto in 2011 by former PayPal risk specialists Raj Ramanand and Mike Liberty, sells fraud and abuse protection to online retailers. Owl Rock Capital led a $205M Series E on April 15, 2021, which the company said valued it at $1.34B; FIS, CPP Investments and Neuberger Berman joined.
SEC filings show Neuberger Berman funds valued their Signifyd shares at $30.85 each weeks after the round and at $4.59 by early 2026, about 85% lower. The marks fell further during 2026, to $1.78 in May and $0.37 in July. The company has announced no financing, sale or restructuring that explains the move. It still publishes fraud research and launched a returns product in September 2025.
Mutual-fund markdowns
3 funds · SEC NPORT-PHow U.S. mutual funds fair-value this still-private company in their quarterly SEC filings.
| Fund | Class | $/sh | From peak | As of |
|---|---|---|---|---|
| Neuberger Berman Long Short Fund | $4.59 | -52% | Jan 2026 | |
| Neuberger Berman Long Short Fund | Series A Pref | $4.62 | -52% | Jan 2026 |
| Neuberger Long Short Fund | $0.37 | -90% | Jul 2026 | |
| Neuberger Long Short Fund | Series A Pref | $0.42 | -88% | Jul 2026 |
| Neuberger Large Cap Growth Fund | $1.78 | — | May 2026 | |
| Neuberger Large Cap Growth Fund | Series A Pref | $1.83 | — | May 2026 |
Source: SEC EDGAR Form NPORT-P (Level-3 fair-value marks). Per-share marks reflect the fund’s own valuation of a specific share class and aren’t a company-wide valuation. Last refreshed Oct 2026.
Source: Signifyd release (Apr 15, 2021): $205M Series E led by Owl Rock Capital with FIS, CPP Investments and Neuberger Berman Investment Advisers; the investment values the company at $1.34B. SEC NPORT-P, Neuberger Berman funds (Series Seed and Series A preferred, share counts unchanged throughout): Guardian Fund, later renamed Large Cap Growth Fund (90,310 Seed shares), marked $30.85 on May 31, 2021; Long Short Fund (180,619 Seed shares) marked $30.85 on July 31, 2021, then 24.98 (Jan 2022), 19.25 (Apr 2022), 14.02 (Jul 2022), 9.54 (Jul 2023), 6.41 (Jan 2025) and $4.59 on Jan 31, 2026, 85% below the 2021 mark (drop keyed to it; implies about $0.2B); Large Cap Growth Fund also $4.59 on Feb 28, 2026. Later 2026 marks are lower: Large Cap Growth $1.78 (May 31, 2026), Long Short $0.37 (July 31, 2026). Signifyd newsroom: no financing, sale or recapitalization announced through Aug 2026. Wikipedia: founded 2011 by Raj Ramanand and Mike Liberty.
Founders
Current roles as self-reported on LinkedIn, retrieved 2026-10-22. See our methodology.
Disclosed investors (24)
Historical funding participation; lists may be incomplete and do not establish current ownership or investor losses.
* Lead in a funding round · Crunchbase ↗ · 2026-10-22 · Methodology · Leaderboard
