Nord Security, an Amsterdam, The Netherlands-based company which specializes in internet privacy and security solutions, raised $100M in funding, at a $3 Billion valuation.
The round saw participation from Warburg Pincus, Novator Ventures and Burda Principal Investments. Chandler Reedy, Warburg Pincus’ Managing Director, Head of Strategic Investments, and Co-Head of Business Services, joined Nord Security’s board.
The company intends to use the funds to expand its product offering and accelerate growth through strategic mergers and acquisitions.
Co-founded in Lithuania in 2012 by co-founders and co-CEOs Tom Okman and Eimantas Sabaliauskas, Nord Security leverages a sustainable business model to build a diversified revenue stream with a global user base and develop resilience to turbulence in the financial and venture capital markets currently felt by startup ecosystems all over the globe. Its product suite includes VPN service NordVPN, password manager NordPass, network access security software for businesses NordLayer, and encrypted cloud storage NordLocker, had been bootstrapped for more than a decade before raising its first outside investment.
Nord Security operates in more than 20 markets and employs around 2,000 professionals globally.
FinSMEs
29/09/2023