Goldman Helps Secure LifeLock

Goldman Sachs has led a $25 million investment in identity theft prevention company LifeLock, at a post-money valuation of $220 million. That’s a huge bump up from its $6.85 million Series B round last May, which reportedly valued LifeLock at just $40 million. I guess that’s what 1000%+ revenue growth and the resignation of a controversial co-founder will get you.

Expect a formal announcement on Wednesday.

LifeLock previously raised around $15 million, including the Series B from Bessemer Venture Partners, Biltmore Ventures and Kleiner Perkins Caufield & Byers. It provides its 500,000 users with a $10 per month service to prevent identity theft (as opposed to just managing it post-theft), and competes with such VC-backed brethren as TrustedID.

Update: Credit for the original scoop goes to Silicon Alley Insider.