Jscrambler, a Lisbon, Portugal-based web security startup, raised more than US$2.3m in Series A funding round.
The round was led by Sonae IM and co-invested by Portugal Ventures.
The company intends to use the funds to expand its business and develop its portfolio.
Jscrambler has users across 150 countries, with the USA representing around 50% of its revenue, with more than 30,000 companies and individuals using its product to protect their online assets.
Clients include Silicon Valley giants who operate in sectors such as streaming, e-commerce and video games, as well as Fortune 500 companies in the banking
and healthcare sectors.