Founded by Harvard Law grad Mark Lee, MarqVision has raised $48 million in its Series B funding round. Led by Peak XV Partners (formerly Sequoia Capital India & SEA) with participation from Salesforce Ventures, HSG, Coral Capital, Michael Seibel of Y Combinator, and previous backers Altos Ventures and Atinum Investment, total funding to date has reached around $90 million. With these funds, they want to redefine how brands protect themselves in the digital era and accelerate the global ambitions and expansion of their AI-powered brand control platform.
The Market Size
Fakes and knockoffs aren’t just something you find hidden away in back-alley markets anymore. Today, everyday shoppers are bumping into counterfeits and copycats while scrolling through their favourite apps or browsing big-name e-commerce sites. Social feeds, online marketplaces, and digital storefronts have turned into high-speed highways for brand impersonators and pirates.
It’s an issue that’s gone from being a niche legal headache to a widespread business risk, one that can hit a company’s reputation and bottom line in ways many never imagined. Experts say counterfeit goods now make up more than $3 trillion in annual sales, accounting for about 8% of all global commerce.
Mark Lee, a Harvard Law graduate, encountered the scale of the problem while studying trademarks at Harvard. It became clear to him that conventional legal tools alone couldn’t keep up with the speed and scope of brand abuse proliferating online.
Seeing an opportunity, Lee co-founded MarqVision in 2021 with a vision to combine deep legal knowledge with the latest advances in artificial intelligence. His goal was to offer something beyond just basic takedown notices or alerts.
Early on, the team committed to going beyond simple takedown requests or notifications. Instead, MarqVision would build a managed service, a platform that not only detects counterfeit products across 1,500+ digital channels in over 118 countries but also helps companies enforce their rights and calculate real business impact.
