BaltCap, the largest personal fairness fund manager in the Baltics, alongside with guide trader Novator Ventures, as perfectly as Standard Catalyst and Burda Principal Investments, participated in the $ 100 million Sequence A funding spherical for the enterprise, the Lithuania’s second “unicorn”, Northern Protection.
The investment will allow for Nord Safety to increase its array of items and industrial pursuits, as properly as speed up the expansion of the IT stability segment. The round was also joined by business angel traders, such as Ilkka Paananen, CEO of Supercell, Miki Kuusi, CEO of Wolt and Matt Mullenweg, CEO of Automattic.
“Baltcap actively invests in the growth possible of local businesses: our money presently have four Baltic companies really worth more than $ 1 billion and now Nord Security joins them. The development tale of this Lithuania-centered business is 1 of the most remarkable of the Baltic countries, exactly where much more than 10 unicorns have previously designed. We are delighted to sign up for Nord Protection in direction of fashionable World wide web privateness and safety remedies “, emphasizes Dagnis Dreimanis, running associate of BaltCap.
“10 a long time back, we were fully commited to creating safety and privacy tools that would aid develop a extra reliable and peaceful on the web foreseeable future. We are a rewarding business that has operated on its own until finally now, with no outside investment, but in our investors we have uncovered partners who believe that in our mission just like us. This will enable us to mature more quickly and bolster our determination to a noticeably better Web. We are happy to assist Lithuania, a country with a correct entrepreneurial spirit, to enter the age of new technologies innovation, ”says Tom Okman, 1 of the CEOs and co-founders of Nord Safety.
BaltCap managed funds increasingly concentrate on speedy rising providers in the Nordic region. NordicNinja undertaking funds fund, jointly managed by BaltCap and Japanese partners JBIC, Panasonic, Omron and Honda, has so much invested in 4 companies with unicorn status: Bolt, Verriff, Einride and Voi.
Nord Security was launched in 2012 in Lithuania by Tomas Okmans and Eimantas Sabaliauskas with the purpose of developing an Net stability and privateness software that is easily accessible to all.
Right now, Nord Security products and solutions are trusted by millions of customers about the world, as properly as by a variety of corporations which include Calendly, Adobe, Shutterstock and Vinted, to give the most advanced defense versus evolving and progressively complex cyber attacks.
Nord Stability operates in 20 international locations close to the planet and proceeds to broaden quickly: the range of personnel has greater by 50% compared to past 12 months and the corporation presently has 200 positions.
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