Nord Security, a Vilnius, Lithuania-based provider of internet privacy and security solutions, raised USD100M in funding at $1.6 billion valuation.
The round was led by Novator Ventures, with participation from Burda Principal Investments and General Catalyst. Founders and angel investors including Ilkka Paananen (CEO, Supercell), Miki Kuusi (CEO, Wolt) and Matt Mullenweg (CEO, Automattic) also joined the round.
The company intends to use the funds to expand its product suite and enterprise presence, while accelerating the growth of consumer cybersecurity company Surfshark, which Nord Security joined forces with in early 2022.
Founded in 2012 by Tom Okman and Eimantas Sabaliauskas, Nord Security is a global leader in internet privacy and security solutions to enable both consumers and companies to secure online networks, information and accounts. Along with NordVPN, a virtual private network that protects an internet connection and privacy online, the company’s internet security and privacy product suite includes NordPass (password manager), NordLocker (encrypted cloud storage), NordLayer (network access security), and Atlas VPN (freemium VPN service).
FinSMEs
19/04/2022