MokN, a cybersecurity company pioneering the emerging Active Identity Recovery category and the creator of the “Phish-Back” solution, has closed a $15m Series A funding round to accelerate its UK growth and build out its first multi-product identity protection platform.
The round was led by GV (Google Ventures), with additional participation from Datadog, existing backers Moonfire and OVNI Capital, and a group of angel investors. The capital will be deployed to scale MokN’s flagship Phish-Back solution in the UK, broaden the company into a comprehensive multi-product platform for identity theft protection, and fund the opening of new offices in the United States as part of an accelerated international expansion.
MokN’s first product, Baits, deploys ultra-realistic decoy access points — including replica VPN portals and webmail interfaces — that faithfully mirror a company’s real environment. When a threat actor attempts to authenticate using stolen credentials, they inadvertently surrender those credentials to the system, enabling security teams to neutralise the threat before it can cause damage or the stolen data reaches the dark web.
The funding round comes against a backdrop of intensifying credential-based threats, particularly in the UK. According to ENISA’s Threat Landscape 2025, phishing is the leading method of intrusion in Europe, responsible for around 60% of reported incidents. In the UK specifically, the Department for Science, Innovation, and Technology’s 2025 Annual Cybersecurity Breach Survey found that 43% of businesses suffered a cyberattack or data breach in the prior twelve months, with phishing the most common attack vector and a marked rise in credential theft incidents.
MokN describes itself as the originator of a new cybersecurity discipline it calls Active Identity Recovery, serving more than one million users across large enterprises and mid-sized businesses, including Fortune Global 500 companies. Clients operating across finance, retail, and healthcare rely on the platform to move from passive detection to active neutralisation of credential-based threats.
With the new capital secured, the company intends to substantially increase its research and development investment and grow its headcount across sales and marketing, engineering, and customer success teams in both the UK and the US.
GV partner Luna Schmid said, “We invested in MokN because of Gautier’s founder-market fit as a former SOC manager and our deep conviction in the team’s ability to address a critical gap in the cybersecurity market. With their initial product, Baits, they’ve developed a sophisticated wedge that turns the tide on attackers by leveraging high-fidelity decoys to trigger immediate, automated recovery workflows. We believe their approach is a game changer for enterprises looking to neutralize credential theft before it can escalate.”
MokN CEO & co-founder Gautier Bugeon said, “As a former SOC Manager, I experienced firsthand how compromised identities remained a critical blind spot. MokN was built to change that. Today, we work with major enterprises to define a new category—Active Identity Recovery—giving them a proactive edge against identity-based attacks.”
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