Approov Limited, an innovator in mobile app and API security, has closed a £5 million (US$6.7 million) Series A funding round. The investment was led by Maven Capital Partners, with participation from Souter Investments, Lanza techVentures, and Scottish Enterprise.
The new capital will be used to expand Approov’s research and development team in Edinburgh. The company plans to create advanced technologies that secure mobile apps and APIs against new and evolving threats, including those powered by AI.
Approov’s patented solutions protect apps from tampering and fraudulent API access, a crucial defense as the cyber threat landscape rapidly changes. This funding is particularly timely, as new regulations, such as the EU’s Digital Markets Act (DMA), are transforming the mobile app ecosystem. Approov’s technology enables developers to securely distribute apps directly to consumers, helping them reclaim up to 30% of revenue that would typically be lost to platform fees.
Approov’s real-time app attestation and runtime API protection prevent exploits from threats like rooted devices, emulators, and credential stuffing bots. Global customers trust the company’s technology in a variety of sectors, including healthcare, fintech, and e-commerce.
KEY QUOTES:
“As the threat landscape continues to evolve, developers and enterprises alike are recognizing that mobile app security cannot be an afterthought. This funding marks a pivotal moment in our mission to ensure that every mobile app instance is authenticated and that backend APIs are protected from fraud, abuse, and unauthorized access.”
Ted Miracco, CEO of Approov
“As mobile ecosystems face AI-driven threats and new regulations like the EU Digital Markets Act and UK consumer laws, the need for strong, independent app and API security is urgent. Approov delivers essential trust across fragmented platforms, including non-GMS Android and HarmonyOS. Maven Capital Partners’ investment reflects growing recognition that API protection—across any device or OS—is key to securing digital infrastructure in this new cyber risk era.”
Dr. Edward Amoroso, CEO, TAG Infosphere; Former Chief Information Security Officer, AT&T
“Approov is a leading innovator in mobile app and API security with proven applications in multiple target sectors. With their strong IP and the growing demand for API-level defences across the industry, the business is uniquely positioned to lead this next era of mobile security. We look forward to working with Ted and the team to drive the business forward at such an exciting point in the company’s growth journey.”
Craig McGill, Investment Manager, Maven Capital Partners, UK
“This investment validates Approov’s vision of a safer mobile app ecosystem. With increasing cyber risks driven by AI, Approov solutions provide the robust, scalable security mobile developers need to protect their applications and API communications. We are grateful for the confidence our investors have shown and are excited about the opportunity to expand our footprint in this critical market.”
Dr. Lucio Lanza, Chairman, Approov Limited and Founder Lanza techVentures
