Fundraising of £5 Million to Strengthen Mobile App Security for the Artificial Intelligence Age
In a significant development, Approov Limited, a leading player in mobile app and API security, has successfully raised £5 million (approximately US$6.7 million) in its Series A funding round as of August 4, 2025. The funding round was led by Maven Capital Partners, with participation from the Investment Fund for Scotland, Souter Investments, Lanza Tech Ventures, and Scottish Enterprise [1][2][3].
This investment is set to significantly enhance Approov's research and development capabilities in Edinburgh, focusing on advanced mobile app and API security technologies designed to counter emerging AI-driven threats and comply with evolving regulations such as the EU Digital Markets Act and UK laws [1][2].
Approov's patented app attestation technology aims to protect mobile applications and backend APIs from tampering, fraudulent access, bot attacks, and man-in-the-middle exploits, reportedly reducing API attacks by over 95% [1][2]. This technology is expected to play a crucial role in strengthening mobile ecosystems' security by providing independent and robust authentication and protection mechanisms across diverse platforms, including those outside Google Mobile Services (non-GMS Android) and HarmonyOS [2].
Dr. Lucio Lanza, Chairman of Approov Limited and Founder of Lanza techVentures, expressed his gratitude for the confidence shown by investors. He stated, "I am grateful for the confidence shown by our investors in Approov's vision and the potential of our technology to revolutionise the mobile app ecosystem." Craig McGill, Investment Manager at Maven Capital Partners, UK, echoed this sentiment, looking forward to working with Approov to drive the business forward at such an exciting point in the company's growth journey [1][2].
The funding milestone marks a strategic advance for Approov Limited in its mission to ensure that every mobile app instance is authenticated and that backend APIs are protected from fraud, abuse, and unauthorized access. Approov's technology is trusted by global customers in sectors like healthcare, fintech, and e-commerce.
Ted Miracco, CEO of Approov, commented on the significance of the funding, saying, "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."
Approov's solutions provide the robust, scalable security mobile developers need to protect their applications and API communications against increasing cyber risks driven by AI. The company's real-time app attestation and runtime API protection prevent exploits from threats like rooted devices, emulators, and credential stuffing bots.
Dr. Edward Amoroso, CEO of TAG Infosphere and former Chief Information Security Officer of AT&T, views Approov as a leading innovator in mobile app and API security. This investment validates Approov's vision of a safer mobile app ecosystem. Approov is excited about the opportunity to expand its footprint in the critical market of mobile security.
[1] Approov Limited Press Release (2025). Approov Limited Secures £5 Million Series A Funding. Retrieved from approov.com/news
[2] Maven Capital Partners Press Release (2025). Maven Capital Partners Leads £5 Million Series A Investment in Approov Limited. Retrieved from mavencapitalpartners.co.uk
[3] Scottish Enterprise Press Release (2025). Scottish Enterprise Invests in Approov Limited. Retrieved from scottish-enterprise.com
- The investment in Approov Limited has the potential to revolutionize the fintech sector, as its patented technology aims to provide robust, scalable security for mobile applications and APIs, mitigating increasing cyber risks driven by AI and ensuring compliance with evolving regulations.
- With the injection of £5 million, Approov Limited plans to utilize its business resources in research and development, focusing on investing in advanced technology for mobile app and API security, especially in countering AI-driven threats and adhering to the EU Digital Markets Act and UK laws.
