Las Olas Venture Capital ("LOVC") (www.lasolasvc.com) announces an investment in DEV/CON Detect (www.devcondetect.com) the first-of-its-kind, publisher-focused, SaaS platform for detecting internal and external threats to digital advertising revenue streams.
"Cyber security is a challenge for businesses of all sizes. In the digital advertising industry alone, it is estimated that $8.5B will be lost to fraud this year," said Dean Hatton, one of LOVC's Founding Partners. "DEV/CON systematically addresses for the first time the vital needs of digital ad distributors. We are very excited to be partnered with Maggie Louie, DEV/CON Co-Founder and CEO," said Hatton.
Premium and programmatic advertising from trading desks and exchanges are the life blood of digital media and agencies. Widespread revenue leakage, often the result of fraudulent activities, is a vexing and hard to detect problem facing the industry. The DEV/CON team drew from their extensive industry experience to develop the unique DEV/CON platform for exploit detection and repair; it reflects a deep understanding of technology, process and client needs.
"What impressed me most about Las Olas VC was the incredible success each partner had created independently," said Maggie Louie. "Also, the depth of expertise within the group offered us access to exactly the kind of advisors we need to help grow DEV/CON from a $5 million dollar company to a billion dollar company," added Louie.
About Las Olas Venture Capital
Las Olas VC is a Florida-based early stage fund that invests in startups in a variety of industries. Las Olas VC's mission is to find outstanding entrepreneurs in non-obvious places and maximize their impact by connecting them to networks of capital, talent, and customers in well-established startup ecosystems. Dean Hatton, Esteban Reyes, Paul Tanner and Mark Volchek are the Founding Partners of Las Olas VC.
For more information visit www.lasolasvc.com