Cybersprint €1.75 mln growth financing
Bijgewerkt op: 7 mrt.
CORPTECH advises Cybersprint on its €1.75 mln growth financing.
The Hague, 30 September 2020 – Cybersprint, the leading cybersecurity company specialising in digital footprint, announces successfully closing a new investment. Several existing shareholders in the company, including InnovationQuarter, Vortex Capital Partners and KPN Ventures, have nearly doubled their investment with an additional €1.75 million. Cybersprint will use the investment to accelerate its growth.
Working from home increases security demands
Pieter Jansen, CEO of Cybersprint: “We are extremely grateful for this investment. We have big ambitions: we want to increase our international expansion, and solve complex cybersecurity challenges, such as risks originating from the supply chain. We see many market opportunities for our security platform. We’re happy to be aligned with our investors, and to be able to continue our journey with them.”
Cybersprint has spent five years developing technological solutions for emerging cyber risks. Its services have expanded to multiple European countries over the last two years. Today, the company serves dozens of customers and its recurring revenue grows rapidly. Together with its investors, Cybersprint has decided to accelerate its growth. Jansen: “The past months have vastly increased the security demands for working from home, managing third parties, and cloud services. We are convinced of our strategy to focus both on short-term growth and on long-term impact. It is fantastic to receive this trust from our investors, and to be able to make such decisions in these times.”
Regional cybersecurity cluster
Even though Cybersprint has found fertile soil throughout Europe, its roots are firmly planted in the region. Cybersprint supports the ethical hacking event “Hâck The Hague”, with the municipality of The Hague, and they’re a premium partner of The Hague Security Delta. Liduina Hammer, Head of Investments at InnovationQuarter: “We are excited about the next steps this successful, local cybersecurity company will take. This investment allows Cybersprint to accelerate international expansion and offer new services, such as a solution for third-party risks. Their success opens more employment opportunities within the regional cybersecurity cluster, offering opportunities for talented, local tech experts.”