MokN, a cybersecurity firm pioneering the emerging Active Identity Recovery category, has closed a $15m Series A funding round to accelerate the rollout of its “Phish-Back” solution in the United Kingdom.
The round was led by GV (Google Ventures), with additional investment from DataDog, existing backers Moonfire and OVNI Capital, and a group of angel investors. The capital will be used to advance MokN’s ambition of building the first dedicated multi-product platform for active protection against identity theft, alongside plans to open new offices in the United States as part of a broader global push.
The backdrop for the raise is stark. Phishing remains the dominant entry point for attackers across Europe, responsible for roughly 60% of reported intrusions according to ENISA’s Threat Landscape 2025. In the UK specifically, nearly half of businesses reported experiencing a cyberattack or data breach over the preceding 12 months, with phishing the leading method and credential theft on the rise, as documented by the 2025 Annual UK Cybersecurity Breach Survey from the Department for Science, Innovation, and Technology.
MokN’s flagship product, Baits, was designed to turn this threat dynamic on its head. The solution deploys convincing decoy access points — such as fake VPN or webmail portals that closely mirror a company’s actual environment — to ensnare attackers the moment they attempt to use stolen login credentials. Rather than waiting to detect a breach after the fact, the technology captures those credentials from the attacker directly, enabling security teams to neutralise the threat before any real damage occurs.
The company describes itself as the originator of Active Identity Recovery — a new cybersecurity category distinct from traditional detection or response approaches. With over one million users currently safeguarded across its client base, MokN counts Fortune Global 500 companies among its enterprise customers, spanning finance, retail, and healthcare.
The fresh funding is expected to significantly expand MokN’s research and development capacity as it builds out its broader identity protection platform beyond the Baits product. The company also plans to step up hiring across sales and marketing, engineering, and customer success functions 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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