Amsterdam, Netherlands-based global leader in internet privacy and security solutions, Nord Security raised USD 100 million in new financing. The company announced the investment on September 28, 2023. Global growth investor Warburg Pincus led the financing for the company. In addition, Existing investors such as Novator Ventures and Burda Principal Investments also joined in the investment. The company raised the recent investment at a valuation of USD 3 billion.
Purpose of financing for Nord Security
With the recent investment, the company seeks to expand its product offering and accelerate growth. The company also has plans to explore opportunities via mergers and acquisitions. it further allows the company to enhance both consumer and business customers’ security even more.
Earlier in April 2022, the company secured USD 100M in its first-ever external investment round. The previous round saw the company’s valuation at USD 1.6 billion valuation.
What the company’s official has to add
Tom Okman, co-CEO and co-founder at Nord Security, said, “Our users’ trust allowed us to remain on a sustainable and profitable journey for more than a decade. In a saturated cybersecurity market, it is not enough to offer next-gen privacy and security solutions. They also have to be intuitive for both professional and casual internet users. We are grateful that Warburg Pincus shares that trust and our vision for the future of the internet. We will continue to address the needs of our users by bringing market-leading innovative features, informative marketing, and a holistic approach towards consumer and business cybersecurity needs. The new financing round, together with our investors’ experience and know-how, allows us to be in an even stronger position to make the Nord name synonymous with online privacy and security.”
Eimantas Sabaliauskas, co-CEO and co-founder at Nord Security, further said, “Modern cybersecurity requires cutting-edge innovations. That’s where our talented professionals make Nord Security stand out. Over the years, we focused on fostering a community where driven experts are welcomed and enabled to make radically better internet. The Nord community, made up of individuals from all corners of the globe, work together to make sure that our users can be safer online every day. And we believe there are many who share our cause and our mission.”
What the investors have to comment
Besides, Chandler Reedy, Managing Director, Head of Strategic Investments, and Co-Head of Business Services, also joining Nord Security’s board, added, “Nord Security is a market leader with a comprehensive track record of combatting cybercrime and data protection issues. With an attractive long-term outlook supported by state-of-the-art cybersecurity tools, Nord Security’s business model and strategy align well with our extensive experience in the cybersecurity sector. Leveraging the expertise of Warburg Pincus’ Capital Solutions team and its Capital Solutions Founders Fund, Nord Security is well positioned to gain further momentum in this complex market environment. The investment is being made out of the Capital Solutions Founders Fund. We look forward to working with Tom, Eimantas and their talented team to provide consumers peace of mind when navigating the internet.”
About the company
In 2012, co-founders and co-CEOs Tom Okman and Eimantas Sabaliauskas launched the company. The company’s mission is to create easily accessible internet security and privacy tools that are easily accessible.
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